Click on the following weblink given below: (or obtain CSL Annual Report 2020 from website) https://www.csl.com/-/media/csl/documents/annual-report-docs/csl-ltd-annual-report2020-full.pdf

REFER Financial Statements and Notes to Financial Statements

Required:

a. From the information provided in the website and its most recent annual report, determine the AASB/IFRS standards that are adopted or referred to. (You may list up to 3 (or more) relevant Accounting Standards) (2 marks)

b. Select any 2 (two) relevant Accounting Standards discussed during the semester and explain briefly how CSL-Ltd have included them in their Financial Statements. (4 marks)

c. Discuss the benefits to be gained from adopting Accounting Standards mentioned in (a & b) above (2 marks) 4 | P a g e

d. Discuss Note 2: Revenue & Expenses (page 106) mentioned in the annual report