corporate accounting


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in the assignment about the compliance check of the given two companies with Australian accounting standard aasb 116, aasb101 and aasb 1031. standards should be defined and explained if they are complying with the parts of the standard and how. Document Preview: From a review of the last two years i.e., 2009 and 2010 annual reports of two Australian firms listed on the Australian Stock Exchange (ASX), identify and critically discuss the company’s disclosure of: AASB 116 Property, Plant and Equipment, AASB 101 Presentation of Financial Statements and AASB 1031 Materiality. In your review you should discuss compliance or non-compliance with the three standards and explain differences in disclosure made by the two companies. Also in your discussion, explain how these disclosures can help users in their decision making. (Hint: make sure you define users). The report should be submitted to university turnitin by midnight of 7th February and a hardcopy to the lecturer or the library by Friday 10 february. Words- 2000 Two asx listed company- Wesfarmers limited and Woolworth limited Format - report MARKING SCHEME RESEARCH ESSAY SEMESTER 3, 2011 Student Name Student Number Mark out of 50 Assessments Excellent Very Good Good Average Marginal Poor Very Poor 1. Synopsis/abstract (5 marks) 2. Discussion of AASB 116 Property, Plant and Equipment Part A (10 marks) 3. Discussion of AASB 101 Presentation of Financial Statements B (10 marks) 4. Discussion of AASB 1031 Materiality C (10 marks) 5.Conclusion / recommendation (5 marks) 6.Bibliography, referencing and citations (5 marks) 7. English expression, coherence, grammar and spelling (5 marks) Assessment criteria to be applied on Assessments 1 to 7 Excellent: Work fulfilling the above criteria to an outstanding degree, in particular demonstrating excellence in sustained argument, critical thought and synthesis of material from diverse sources. Very Good: Work demonstrating extensive knowledge and understanding of major content areas and issues
the ability to appropriately synthesise material from a range of sources
a well developed capacity for critical analysis of key issues and concepts
the ability to present a defensible personal... Attachments: corporate-acc....docx


Solution ID:565835 | This paper was updated on 26-Nov-2015

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