Question
Hi tutor Im doing a group report of Company Accounting at Swinburne University, Melbourne, Australia. Here is the requirement of the report: Assume that each
Hi tutor
Im doing a group report of Company Accounting at Swinburne University, Melbourne, Australia. Here is the requirement of the report:
Assume that each of you is a summer vacation intern at the Melbourne office of an international accounting firm and have been assigned to a team to work together to produce a report for a partner of the firm.Specifically, the partner requires the team download and read the 30thJune 2018 financial statements of some ASX listed companies. Teams consisting of three members will access the 30thJune 2018 financial statements of AXSESSTODAY LIMITED, CROWN RESORTS LTD, and WISETECH GLOBAL LTD.Teams consisting of four members will access those three financial statements plus the 30thJune 2018 financial statements of WESFARMERS LTD.The report must:
i.explain:
the accounting policies adopted;
the disclosure of changes in accounting policies (if any);
the disclosure of changes in accounting estimates (if any);
how errors have been treated (if any);
how events after the reporting period have been treated (if any);
the role of materiality.
Currently, Im doing with the annual report 2018 of Axsesstoday Limited, but I cannot identify the disclosure of changes in accounting estimates in their annual report, so if you are able to look this, can you give me some example from this report. Thanks !
Kind regards.
Here is link of this thanks.
https://axsesstodaylimited.com.au/assets/site/FY18-Annual-Report.pdf
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started