Select the latest annual report of an ASX-listed company. From the annual report, complete the following tasks:
Question:
Select the latest annual report of an ASX-listed company.
From the annual report, complete the following tasks:
1. Identify all categories of assets reported by the company.
2. For each identified category of assets, explain the measurement basis used for the asset (e.g. historical cost, fair value, current market price).
3. Identify each category of liabilities reported by the company
4. For each identified category of liabilities, explain the measurement basis used for the liability (historical cost, fair value, current market price)
5. Identify all items that the company has reported as Other Comprehensive Income.
6. What is the significance of classifying an item as other comprehensive income?
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura