company name JB HI-HI

Part A: Accounting Policies

For your allocated company, refer to the notes to the financial statements pertaining to: (i) Accounting policies

(ii) Property, plant and equipment as disclosed in the statement of financial position (iii) Any disclosure on events occurring after balance date

Required:

(a) For your allocated company, based on the Australian Conceptual Framework for Financial Reporting, define and describe the recognition and measurement components of policy for accounting for each class of property, plant, and equipment.

(b) By applying widely used accounting theories, analyse the accounting policies used by your company to account for each class of property, plant, and equipment.

(c) Discuss and evaluate any information in the note disclosures on events occurring after balance date. Briefly describe the two kinds of events and the rules governing their disclosure in the financial reports.