Macquarie Uni ACCG923: Origin Energy Ltd. PPE Analysis Report, S2 2019

This report provides an in-depth analysis of Origin Energy Limited's accounting practices concerning Property, Plant, and Equipment (PPE) for the financial year ended June 30, 2019. It examines the accounting policies, estimates, and professional judgments made by the company's management, particularly focusing on the useful lives of assets and impairment testing. The report compares these judgments with those of Beach Energy Limited, a company in a similar industry, to assess the appropriateness of the accounting choices. Furthermore, it evaluates whether the disclosures in Origin Energy's financial statements adhere to the qualitative characteristics outlined in the Conceptual Framework of AASB, emphasizing the relevance, faithful representation, comparability, verifiability, understandability, and timeliness of financial information. The analysis concludes that Origin Energy's judgments and disclosures are reasonable and compliant with the required accounting standards, making the financial statements useful for investors and other stakeholders. The report references the company's annual report and other relevant sources to support its findings.