consider the items included in property, plant and equipment. What range of measures is used to determine amounts for these items in the financial reports? Do you think these measures are valid and do you think it is valid to add the items, given the measures used? How would you interpret the total amount for property, plant and equipment in the financial statements?(iii) What is the definition of a liability and what are the recognition tests for the inclusion of liabilities in the financial statements? What liabilities have been included in the financial statements and what have been reported as notes to the accounts? Consider the classification of current/non-current assets. How has the company treated lease liabilities? How will the measurement approaches affect the financial ratios of the company?(iv) Consider the intangible assets of the company Discuss the conservatism principle and apply this to intangibles. Consider the impact of expensing of intangibles on the profitability of the company and the decision-usefulness of the information in the financial statements. Will this lead to a misevaluation of the shares in your selected company? What other options has the company used to inform shareholders of their intangibles?(v) Discuss the disclosure of Income Taxes considering IAS1 and IAS12. Does this information assist in the assessment of the reported profit figure or impact on the decision usefulness of information relating to financial performance? Consider whether the company reports any other issues, for example amended prior year tax figures, items recognised outside of profit and loss, deferred tax from a business combination, change in tax rates, tax losses etc and their impact on your assessment. Consider the decision usefulness of the reconciliation of tax expense to tax on accounting profit.(vi) Analyse the presentation of the statement of cash flows and discuss whether managers have prepared the statement of cash flow pursuant to AASB107/IAS7. Identify and describe the three types of activities that are reported in the statement of cash flows. Why do you think that AASB107/IAS7 would require such a breakdown? Apart from the statement of cash flows, what other disclosures must be made? Consider the decision usefulness of the reconciliation cash to accounting profit.(vii) Any other issue or area covered in the 7154AFE Financial Reporting course can be discussed.
Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!WRITE MY ESSAY NOW
