Analysis of Corporate Accounting: Source of Funds and Liabilities

This report provides an analysis of corporate accounting, with a specific focus on the sources of funds and liabilities. The report examines how companies, such as Evolution Mining Ltd and Boral Ltd, utilize equity and debt capital to finance their operations, emphasizing the proportion of funds used. The report also delves into the presentation of liabilities within financial statements, including current and non-current liabilities, and highlights the importance of accurate financial reporting. Furthermore, the report examines the application of AASB 137, focusing on the treatment of contingent assets, liabilities, and provisions. The analysis includes specific examples of provisions for restoration projects and other estimated losses. This report offers a detailed overview of corporate accounting practices and financial statement analysis, providing insights into the management of funds and liabilities.

Corporate Accounting

Source of Fund
 The sources of funds which is utilized by a business are
mainly equity capital and debt capital for which an
appropriate mixture is made regarding the source of funds
which is used by a business. The companies which are
selected for the presentation are Evolution Mining Ltd and
Boral Ltd .
 The capital structure which is used by both the companies
are quite similar in nature and the analysis reveals that the
business relies more on equity source of capital for the
purpose of financing the operations.

Proportion of Funds Used

Liabilities of the Businesses
 The liabilities are obligation which every business needs to pay and the same
are represented appropriately in the balance sheet of the company in an
appropriate presentation. It is to be noted that the total of the liabilities and
equity for a business must be equal to the assets which is possessed by the
business. The annual report for the business of Evolution Mining Ltd shows
the breakup of total liabilities on the basis of current and non-liabilities
 The annual position for the business which is represented in the financial
statements is clear for Boral Ltd for 2019. The presentation of financial
information shows that the management has appropriately presented
financial information especially liabilities with appropriate disclosures relating
to the same. The managers of Boral ltd reveal that trade payables and short-
term loans for the entity is at the values of $ 832.6 million and $ 339.7 million.

Reporting for AASB 137
 The business of Evolution Mining Ltd has appropriately
presented the contingent assets, liabilities and provisions in the
annual report and the same is provided as per the requirement
of relevant accounting standard of the business.
 In the case of Boral Ltd, the senior officials of the business have
also taken appropriate steps for presenting the contingent
liabilities and provisions so that a level of accuracy is
maintained. The business during the period has created
provision of $ 23.8 million for a restoration project of a limestone
quarry and in addition to this; the company has also made
provisions for various losses which is estimated by the business

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