HI5020: Corporate Accounting - ASX - Corporate Accounting Report Writing Assignment Help

Internal Code : 1AJBBB

Corporate Accounting  Report Writing Assignment Help

TASK Select two public limited companies listed on the Australian Securities Exchange (ASX) that are in the same industry. Go to the website of your selected companies. Then go to the Investor Relations section of the website. This section may be called, “Investors”, “Shareholder Information” or similar name. In this section, go to your companies’ annual reports and save to your computer your firms’ latest annual reports consecutively for last three years. Do not use your companies’ interim financial statements or their concise financial statements. Please read the financial statements (balance sheet,income statement, statement of changes in owner’s equity, cash flow statement) very carefully. Also please read the relevant footnotes of your financial statements carefully and include information from these footnotes in your answer. What items have been reported in the other comprehensive income statement for each company? Why have these items not been reported in Income Statement/Profit and Loss Statements? Provide a comparative analysis of the items shown in the other comprehensive income statement section for the two companies. If these items were included in the income statement / profit and loss statements of each company, how would the profit attributable to shareholders of the company be affected?