ASX Listed Australian Firms AASB Conceptual Framework - Accounting Assignment Help

Assignment Task

Task

My group has chosen ANZ and NAB as ASX listed companies so we will be using those for the whole assignment1.Introduction2. Review the most recent financial statements of two (2) ASX listed Australian firms. Critically evaluate the financial statements and discuss how the information disclosed meets the central tenets from the AASB Conceptual Framework; namely Relevance and Faithful Representation3. Compare that analysis with the eight (8) general principles as outlined in AASB 101 Presentation of Financial Statements and provide examples from the annual reports of the application of AASB 101 and the AASB Conceptual Framework. [I Dont think it needs to be all 8, we can choose a few to talk about]4. Discuss the recognition criteria of assets prescribed by the AASB Conceptual Framework and compare those with the measurement of AASB 116 Property, Plant and Equipment and AASB 136 Impairment of Assets. Part of your critique will be to assess the consistency between AASB 116 and AASB 136 with the requirements of the AASB Framework. Include some extracts from the annual reports as examples and discuss these disclosures5. Conclusion6. References (Do your own)This is the structure that I need
 

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