MA601 - Current Issues in Accounting: Newcrest Mining Analysis

This report investigates the accounting policy choices made by Newcrest Mining Company, focusing on the recognition, measurement, and disclosure of accounting records. It explores the interaction between disclosure strategies and accounting policies, examining the potential use of creative accounting to influence financial performance perceptions. The analysis includes a review of Newcrest's financial performance, particularly concerning gold and copper production, and questions the integrity of reported figures. Factors influencing the company's accounting practices, such as the need to finance new projects and attract investors, are considered. The report also discusses opportunistic behaviors in accounting and various ways accountants may use creativity in financial statement preparation. Ultimately, it assesses the company's approach to voluntary disclosure versus potentially misleading accounting practices. Desklib provides access to similar solved assignments and past papers for students.