Accounting policies 

In small teams, obtain the financial statements of three publicly listed companies. Refer to the notes to the financial statements pertaining to accounting policies and the note pertaining to property, plant and equipment reported in the statement of financial position.

Required 

1. Describe the measurement and disclosure components of each company's policy for accounting for each class of property, plant and equipment.

2. Prepare a report on the comparability of the accounting policies used by the three companies. Drawing on theories explored in this chapter, do you think all companies should be required to use identical accounting policies?