ACCT600: Accounting for Decision Making - Accounting Assignment Help

Assignment Task:

Context 

This assignment provides evaluation of students’ learning progress on various topics that are  covered in this semester. The student will make use of publicly available information to answer  some important issues in relation to a selected Australian entity. The major sources of references  would be the published annual report of the selected entity and the industry analysis associated  with the selected entity.

Below please find the major questions that are required to be covered in this assignment: 

1. Identify the accounting policies of the selected entity from company disclosures , or other  credible sources in the areas of inventory valuation (IAS 2 Inventories), accounts  receivable (IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors) and  cash flow management (IFRS 15 Revenue from Contracts with Customers) with  reference to International Financial Reporting Standards. (10 marks) 

2. Evaluate the effectiveness of each of the accounting policies identified in part 1 in terms  of company’s performance. The ‘performance’ may be defined in terms of financial  growth, employee retentions, sustainability or other reasonable metrics. (10 marks) 

3. Comment on the sufficiency and appropriateness of accounting policies’ disclosures in the firm’s annual report as according to IFRS. (10 marks) 

4. Evaluate the sufficiency of disclosures to demonstrate effectiveness of internal controls  within your selected entity. The relevant IFRS would be IFRS 12 

Disclosure of Interests in Other Entities, IAS 10 Events after the Reporting Period and IAS 24 Related Party Disclosures. (10 marks) 

5. In your own opinions, list out some of the more important accounting policies in your  selected firm that are deemed material to investors or shareholders. Why? (10 marks)

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