Question
Select a company of your choice, analyse their financial statements and explain how the following FOUR accounting standards were applied in preparing their financial statements:
Select a company of your choice, analyse their financial statements and explain how the following FOUR accounting standards were applied in preparing their financial statements: 1. IAS 16, Property, plant & equipment 2. IAS 12, Income taxes (current and deferred tax) 3. IAS 38, Intangible assets 4. Any One IAS/IFRS of your choice. Explanation should include the following: 1. Brief introduction of the company (industry, nature of business etc.) 2. Brief explanation of the accounting standards given above 3. Explanation of how the accounting standards were applied/or could be applied (with relevant examples from/to the company chosen)
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