Task Details: Each student is required to choose one ASX listed firm and analyse its financial...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Task Details: Each student is required to choose one ASX listed firm and analyse its financial statement of the financial year ending in 2021. The analysis must focus on discussing the firm's reporting and disclosure practices on revenue. In the discussion, detail the accounting policy that the firm follows in reporting, measuring and disclosing its revenue, and provide an analysis of accounting policies. The discussion must evaluate the current accounting treatment for the recognition and measurement of revenue under AASB15. Note that the chosen firm must NOT be in the mining or the banking industry. Research requirements: Students need to support their analysis with reference to relevant material from the textbook and minimum of eight (8) suitable, reliable, current and academically acceptable sources - this should include at least 2 peer-reviewed academic journal articles. Presentation: 2000 words (+/- 10%) short report format. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions, in-text referencing and reference list (Harvard - Anglia style), attachments if relevant (as screenshots). Lines should be single spaced, use either Times New Roman 12pt, Calibri 11pt or Arial 10pt font. Task Details: Each student is required to choose one ASX listed firm and analyse its financial statement of the financial year ending in 2021. The analysis must focus on discussing the firm's reporting and disclosure practices on revenue. In the discussion, detail the accounting policy that the firm follows in reporting, measuring and disclosing its revenue, and provide an analysis of accounting policies. The discussion must evaluate the current accounting treatment for the recognition and measurement of revenue under AASB15. Note that the chosen firm must NOT be in the mining or the banking industry. Research requirements: Students need to support their analysis with reference to relevant material from the textbook and minimum of eight (8) suitable, reliable, current and academically acceptable sources - this should include at least 2 peer-reviewed academic journal articles. Presentation: 2000 words (+/- 10%) short report format. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions, in-text referencing and reference list (Harvard - Anglia style), attachments if relevant (as screenshots). Lines should be single spaced, use either Times New Roman 12pt, Calibri 11pt or Arial 10pt font.
Expert Answer:
Answer rating: 100% (QA)
Given Company FMG Fortescue Baaed on the Financial statement 2021 available on website Summary ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
Each student is required to write a case study project about one of the management accounting systems in USA companies covered in managerial accounting course (ex: Activity-based Costing, Job Costing...
-
In the summer holiday, each student is required to write at least one book report one book report. The following table represents the probability distribution function of the number of book reports...
-
Each student is required to identify individual attributes of interest to them from a sample of 30 respondents (at least) that can provide information about themselves on any two variables that you...
-
The Kelly Services, Inc., and Subsidiaries statements of earnings from its 2008 annual report are presented in Exhibit 5-4. Required a. Using the statements of earnings, prepare a vertical...
-
1. If sales were $3,200,000 in 2007 rather than $2,900,000. The 2007 net income would be $433,900 and the retained earnings would be $969,000 Changing the tax rate to 40%, would cause the 2007 net...
-
Explain three ways that economies of scale produce cost advantages.
-
Havens Corp. is planning to issue long-term bonds payable to borrow for a major expansion. The chief executive, Richie Havens, asks your advice on some related matters, as follows: a. At what type of...
-
Two steels are being considered for manufacture of as-forged connecting rods. One is AISI 4340 Cr-Mo-Ni steel capable of being heat-treated to a tensile strength of 260 kpsi. The other is a plain...
-
Find the Jacobian J(u, v). u = -3x + 5y, v = -4x+ 3y
-
1. Discuss the main issues faced by Yalla Momos. 2. Evaluate the current financial performance of Yalla Momos and compare his performance to the industry ratios. 3. Elaborate on the relevant factors...
-
For linear regression Y = 00 +0X + e, i = 1,..., N minimizing squared loss (e; is random noise variable): a) Calculate the gradient with respect to the parameter vector. b) Write down the steps of...
-
A Mexican businesswoman decides to open a juice branch in Mexico. Your initial investment is two million pesos. He acquired the land to build the premises to his needs and allocated a million pesos...
-
Implement a function in MIPS which recursively computes the factorial of a number. You do not need to create an entire working MIPS program, just a function to compute factorial. Hint 1: don't worry...
-
The reading materials for this week focused on how boards of directors are looking toward the future and considering changes in their culture, membership and structure. Questions What types of...
-
Prepare the bank reconciliation at June 30 for Golden Image, Inc. What is your adjusted bank/book balance? 3. The following information is available for Golden Image, Inc.: . The bank statement...
-
IP It is desired to slip an aluminum ring over a steel bar (see the figure(Figure 1)). At 20 C the inside diameter of the ring is 7.000 cm and the diameter of the rod is 7.040 cm. Figure Steel 1 of 1...
-
You are a project manager on a project that requires material from a U.S. supplier to be purchased in an ongoing manner. You are aware that the Canadian dollar is dropping (and is expected to...
-
Tarick Toys Company manufactures video game consoles and accounts for product costs using process costing. The following information is available regarding its June inventories. The following...
-
Sherry rents her vacation home for 6 months and lives in it for 6 months during the year. Her gross rental income during the year is $4,000. Total real estate taxes for the home are $950, and...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1 and 2. On September 1, Irene opened a retail store that specializes in sports car...
-
Sherry Hopson owns a retail family clothing store. Her store is located at 4321 Circle Drive, Houston, TX 77001. Her employer identification number is 95- 1234321 and her Social Security number is...
-
Electronic devices contain electric circuits etched into wafers made of silicon. These silicon wafers are sealed with an ultrathin layer of silicon dioxide, in a process known as oxidation. This can...
-
Fill in the blank: If large values of one variable are associated with small values of another, then the two variables have a _______________________ association.
-
For each of the following scatterplots, state the type of association that is exhibited: Choices: positive linear, negative linear, positive nonlinear, negative nonlinear, weak linear. b. d. e.
Study smarter with the SolutionInn App