TACC606 - Detail Your View On The Subsequent Measurement Of PPE - Accounting and Finance Assignment Help

Assignment Task

Assignment Requirements: 
1) Group or individual 
You have an option to do the assignment in a group or individually. If it’s in a group, students need to form groups of 4, each student’s name and ID must be recorded on the  coversheet otherwise that student will receive zero for the assignment. Also, the Peer  and Self-Assessment of Teamwork Form must be submitted together with the group  assignment, especially for the groups with unequal members’ contribution. 
2) Submission:  
Students must submit the assignment online by 11:59 pm (AEDT) on Saturday 28 Nov 2020. If it’s a group assignment, only the group leader should submit online. Late penalty will be at 10% per day.  
3) Structure:  
Use report structure which must contain the following: report cover page, table of  contents, executive summary, introduction, body, conclusion, recommendations and  bibliography. 
4) Formatting and referencing:  
The assignment must be word-processed, 1.5 line spacing, and the word size should be  12 with ‘Times new roman’ font type. Harvard style reference preferred.
You are required to obtain the annual reports of two ASX Top 200 companies in the same  industry and write a business research report to address the following questions related to the  items included in property, plant and equipment.  
1. Review and evaluate the PPE disclosure of your selected companies which may include: 
• What range of measures is used to determine amounts for these items in the reports of  the individual companies?  
• Do you think it is valid to add the items, given the measures used?  
• How would you interpret the total amount for property, plant and equipment in the  financial statements?  
• Compare the measures used by the different companies for similar items. Are there any  inconsistencies in how similar items are measured by the different companies?  
2. Discuss the factors that accountants should consider when setting up company accounting  policy relating to PPE. 
3. Detail your view on the subsequent measurement of PPE and provide recommendations to  accounting standard setters. 

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