Question: You are required to source your own newspaper article (eg. Australian Financial Review or The Age ) that could relate to a specific company (eg.
- You are required to source your own newspaper article (eg. Australian Financial Review or The Age) that could relate to a specific company (eg. BHP Ltd, AGL Energy Ltd, Xero Ltd ), an industry (eg. the mining industry), an accounting standard (eg. AASB 6 Exploration for and Evaluation of Mineral Resources), a relevant piece of regulation such as ASX (Australian Stock Exchange Continuous Disclosure requirements Chapter 3), or relevant regulation from the Corporations Act (2001).
- Select the ASX listed company .
- Download the most recent copy of the Annual Reportof the company you have selected from the newspaper article. Identify a topic from Sessions 1 to 10 and analyse and report on how the company has complied with the accounting standard and disclosure relating to that accounting topic. For example, you may have selected Session 7 Accounting for Associate Entities. For your case, show an extract from the Annual Report demonstrating how the company has complied with AASB 128 Investments in Associates and Joint Ventures. It is up to your group to highlight the relevant financial statement(s), accounting policy and/or notes as it relates to the topic chosen.
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In order to select appropriate accounting/business articles, the following points must be discussed:
- Why did you select this article (s) .
- What were the key points communicated in the article?
- What are the implications for the issues raised in this article(s) for accounting, business, regulators and other stakeholders?
- What evidence was provided by the author to support the key theme (s)?
- How were these articles contextualized within the unit BAO 2203 Corporate Accounting? (20 marks)
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