This assignment task requires a consideration and application of accounting theories and concepts with critical analysis based on General Purpose Financial Reporting by corporations. Students are required to prepare a comprehensive report directed to an Australian ASX Top 100 listed corporation detailing a critical analysis of the effectiveness of the corporation to meet the obligations of the conceptual framework of accounting. Students are to analyze the companys accounting policies and corporate governance matters under the concepts discussed during the classes such as accounting Theories, harmonization, standards settings, positive accounting theories, normative theories, measurement approaches and others.