This report provides a comprehensive analysis of contemporary accounting theory, focusing on the application of accounting principles by Asaleo Care Limited and Sasol Ltd. Part A examines Asaleo Care's 2018 annual report, detailing the components of their financial statements, the recognition principles and measurement bases used for revenue, assets, and liabilities, and the qualitative characteristics of the financial information presented. Part B shifts the focus to integrated reporting, constructing an index of integrated reporting components and assessing how Sasol Ltd. discloses information against these criteria. The report compares Asaleo Care's approach to corporate social responsibility reporting with Sasol's integrated reporting practices, highlighting the differences in their reporting strategies and the extent to which they address financial and non-financial aspects. The analysis is based on the provided annual reports and relevant accounting standards.