Big Un is an interesting Australian case study where the management used Accounting loopholes to misrepresent financial performance, resulting in massive losses for investors. The study also highlights the role of regulators in developing accounting standards that usher in financial transparency and protects stakeholders from malicious businesses.

Students are required to investigate the debacle of Big Un and compile a report focussing on different aspects of:

AASB15

IFRS15

AASB118

AASB111

Firstly I need to introduce an executive summery where can be addressed the issues of the company and the background of the company.