MY CHOSEN COMPANY: SEEK INCORPORATION
Assessment Type: Written Report – individual assessment
Due Date: 18TH APRIL 2019 (5 PM)
Topic: This assignment covers contemporary theoretical concepts with practical accounting task application based on the topics from the subject.
Task Details: This assignment requires a consideration of contemporary accounting concepts with critical analysis with application to General purpose financial reporting by corporations. Students are required to prepare a comprehensive report directed to a corporation detailing the application of contemporary issues to the corporation. The report: should include data extracted from the general purpose financial report relevant to the material analysed.
After you have chosen a company please commence your analysis.
You should review the copy of the conceptual framework which is in moodle.
You need to look at the annual report of your company and answer these questions:
1. Has the company complied with the measurement requirements of the conceptual framework?
2. Have they complied with the fundamental qualitative characteristics?
3. Have they complied with the enhancing qualitative characteristics?
4. Are the users of financial reports (investors/potential investors/lenders/other creditors) able to use the report to make decisions.
5. The conceptual framework says users only need a basic knowledge of accounting - do they need more than this to analyse your company.
6. Have they met the requirements for general purpose financial reporting.
You need to use screen prints from the annual report to support your arguments as well as academic arguments etc.
Remember this is a report and must have all the usual requirements. Don't forget
No Footnotes - You need to use Harvard referencing
Damian & Rex