Question: PLEASE ANSWER WITH REFERENCE TO IAG SHARES This assessment requires you to prepare a report to evaluate information provided in the annual report of a

PLEASE ANSWER WITH REFERENCE TO IAG SHARES

This assessment requires you to prepare a report to evaluate information provided in the annual report of a chosen company listed on the Australian Stock Exchange (ASX). Your comments or evaluation should comply with the requirements of relevant Australian accounting standards (AASBs). The report should address the points outlined below:

Equity/Shareholders funds: Comment on the recognition and disclosure of share capital in the chosen company according to the requirements of AASB 101 Presentation of Financial Statements

List the components of Shareholders Fund/Equity presented in the annual report of the chosen company, providing details of changes during the financial year

Determine whether the company has reclassified any financial instrument as an equity instrument during the observed financial year. Explain why it is important to classify funds appropriately as debt or equity

Comment on any items that are recorded against equity rather than as part of profit and loss

Does the company provide you with sufficient information to assess its

performance?

Related Party Disclosures: you should use AASB 2 Share-based Payment and AASB 124 Related Party Disclosures as the guidelines as your discussions.

Discuss what is a related party

State what is a related party transaction and give at least one example of a related party transaction reported in your chosen company

Discuss whether you think that related party disclosures are important to investors?

Briefly outline the components of CEO and key personnel remuneration in your chosen company

Evaluate whether the amount of CEO and key personnel remuneration is

associated with the performance of the chosen company

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