Access the latest financial report for Westpac Banking Corporation, either on their corporate website or via your library databases, to answer the following questions:
a. The financial institution is not following the current/non-current asset and liability classification. On what basis do you think the assets and liabilities are listed on the balance sheet, and why would this format be appropriate and acceptable?
b. What is the rationale for reporting financial numbers for two reporting periods?
c. Explain the meaning of 'consolidated' figures. What is the rationale for providing consolidated figures?