This report provides a detailed analysis of corporate accounting practices, focusing on two ASX-listed real estate companies: Abacus Property Group and Aspen Group. The analysis includes an examination of equity items, debt-equity ratios, and comparative analyses of the two companies' financial positions. The report delves into cash flow statements, comparing operating, investing, and financing activities, with insights into their implications. Comprehensive income statements are scrutinized, highlighting key items and their rationale. Furthermore, the report addresses corporate income tax, evaluating tax expenses, effective tax rates, deferred tax assets and liabilities, and the determination of cash tax rates, along with reasons for variations. The report utilizes financial data from 2015 to 2017 to provide a comprehensive overview of the accounting practices of these two companies and their financial performance, offering insights into their financial health and management strategies.
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