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ACCTING 3500 Accounting Theory

Task:

Review the published annual financial report of the above mentioned company and report on the followings: 

1. Whether the necessary eight general principles suggested by AASB 101/IAS 1 have been applied in the presentation of financial statements. Give your assessment about the sufficiency of the disclosure. 

2. Whether company has classified assets and liabilities in the statement of financial position as per paragraph 60 of AASB 101/IAS 1 and complied with paragraph 77 of the same. 

3. Whether the company has prepared the statement of profit or loss and other comprehensive income as per AASB 101/IAS 1 and AASB 138/IAS 38. Give special focus on paragraph 7, 85, 97 of IAS 1 and relevant paragraphs of AASB 138/IAS 38. 

4. Explain the quality of the disclosures on significant accounting policies. 

Review the published annual financial report of the above mentioned company and report on the followings: 

1. Whether the necessary eight general principles suggested by AASB 101/IAS 1 have been applied in the presentation of financial statements. Give your assessment about the sufficiency of the disclosure. 

2. Whether company has classified assets and liabilities in the statement of financial position as per paragraph 60 of AASB 101/IAS 1 and complied with paragraph 77 of the same. 

3. Whether the company has prepared the statement of profit or loss and other comprehensive income as per AASB 101/IAS 1 and AASB 138/IAS 38. Give special focus on paragraph 7, 85, 97 of IAS 1 and relevant paragraphs of AASB 138/IAS 38. 

4. Explain the quality of the disclosures on significant accounting policies. 

ACCTING 3500 Accounting Theory

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