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Financial Accounting

 

Assignment Details:

  • Words: 3000

 

ASSIGNMENT ISSUES IN FINANCIAL ACCOUNTING

 

In this assessment you are to provide an accounting analysis covering the following aspects of an ASX company’s operations (company as provided by the lecturer):

 1) An analysis of the assets held by the company. For this you are to analyse the change in holding of the different groups of assets held by the entity, comparing the holdings in 2021 to 2020 and showing the change in percentage holding between the two years. You are also to advise whether the company has reported the assets in accordance with the accounting standards.

 

2) An analysis of the significance of foreign currency translation/operation with respect to your company-by comparing the impact on the financial statements in 2021 and 2020. The impact may range from considerable (percentage revenue from foreign operations) to relatively small -foreign currency translation losses or losses on derivatives in the Statement of Comprehensive Income. You are also asked to advise if the company has reported the impacts of the foreign currency operations in accordance with the accounting standards.

 

In your analysis you are asked to advise if you consider the company has provide useful information to the shareholders where there has been any significant(material) changes from 2020 to 2021 .

 

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