ACC201: Financial Accounting - Accounting Policy - Accounting Assignment Help

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Accounting Assignment Help

Task: 1 Analysis of expenses (Hint: *Annual report of the selected company & chapter 16) Review the published financial reports from 2017 or 2018 Annual Report of the company you selected and report on the information applicable to the statement of profit or loss and other comprehensive income. Required:

1. Determine whether the expenses are classified by nature or function.
2. Give some possible reasons for the different methods of classification of expenses used.

Task: 2 Accounting policy (Hint: *Annual report of the selected company and chapter 18) AASB 108/IAS 8 provides information about Accounting Policies, Changes in Accounting Estimates and Errors. Required: Find any three issues from the above that are disclosed in the annual report and summarise your findings. Task: 3 Notes to the 2017/2018 Financial Statements (Hint: *Annual report of the selected company) Usually most of the companies would have depreciation and/or amortisation/impairment in their chart of accounts. Required: Summarise your finding about depreciation from the annual report of the selected company. Your discussion may include but not limited to the following:

1. Cost of plant, properties and equipment
2. Depreciable Amount
3. Depreciation Period
4. Depreciation Method
5. Revaluation
6. Impairment

Task 4: Required: Week 10 during the seminar – Peer review (Every member of the group must attend to be eligible for full marks) Task 5: Required: Printout of Part 2 with signed cover page and must be submitting to your lecturer during scheduled seminar session in week 10.

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