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Analyse annual report of your chosen companie in light of the reporting

requirements imposed on accountants and those charged with governance of

corporations. Your analysis should include the following:

 • €Are the annual reports in compliance with the conceptual framework and

AASB standard requirements?

 • €You need to use extracts from the annual reports to support your analysis.

 • €Provide screen shots of the relevant sections from the reports in your


 • €If they are not in compliance, explain the reason.

 • €How the conceptual framework revision to include Prudence is likely to

address the disparity in Corporate Reporting

 • €You may find the explanations in the notes to the financial statements or in

the Director’s Report.

 • €Compare and contrast the two annual reports, identify the differences in

disclosures of these


 • €Reference to material of Advanced Accounting and a critical analysis

of the annual reports is required.

Students are to critically analyse and develop supported recommendations

and conclusions, in reference to the relevant accounting framework (see

Topics 1-5).

The analysis and supported recommendations need to be formatted into a

professional report as would be expected in a modern organisation by

management and clients.

Research Students need to support their analysis and recommendations with

the text and requirements: minimum of 10 recent and relevant academic journal

articles. Other sources

may also be used but students need to be confident of the academic validity

of such sources.

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