This report provides a comprehensive analysis of corporate and financial accounting, focusing on the fund-raising strategies of Wesfarmers and Woolworths. It delves into the components of owner's equity, including issued capital, reserved shares, retained earnings, and reserves, examining their trends over three years. The report also explores the liabilities sections of the balance sheets, detailing trade payables, interest-bearing loans, income tax, provisions, and other liabilities. Furthermore, it compares the advantages and disadvantages of different fund-raising methods employed by the companies. The report also investigates the classifications of entities for reporting purposes under Australian law, including small proprietary, large proprietary, and reporting entities, providing a detailed overview of the financial aspects of these businesses and their adherence to accounting standards.
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