Accounting and Governance Individual Business Report Writing Accounting Assignment Help

Assignment Task

Task

Question 1
With reference to the latest annual report of your selected company, review the inventory disclosures made by the company and provide a discussion of how the company reports and accounts for inventory referring to the material discussed in the week 4 & 5 lectures. Your discussion should refer to the requirements of the accounting standard that governs the reporting of inventories - AASB 102 Inventories. Your discussion may also include details of the inventory system used, the inventory cost flow assumptions made, the impact of the cost flow assumption on the reported cost of sales and the valuation of ending inventory and any other relevant information that explains how the company reports and accounts for inventory.
Question 2
The ASX Corporate Governance Principles and Recommendations provides eight principles that publicly listed Australian companies may implement to demonstrate good governance. Provide a discussion of how your selected company has implemented the principles and recommendations of this document in its latest annual report. 

Question 3
You are required to research how your selected company has applied the ASX Corporate Governance Principles and Recommendations to accounting and reporting inventory in its latest annual report. You must refer to at least two governance principles in your discussion as well as the requirements of the accounting standard AASB 102 Inventories. To undertake the research, you will be expected to review relevant academic and professional journals, and/or texts. 

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