Corporate Accounting
Assignment ( 35 Marks )
Objectives
This assessment item relates to the course learning outcome 4: Analyse various aspects of disclosure and performance from a company’s annual report.
Step 1 : 15 Marks
In the file “Find Your Company” you will find the listed company you have been given for this course. Complete this assignment for the company you have been given. Please be careful to use the listed company you have been given. Your assignment will not be marked if you use a different company to the one you have been given; and you will be asked to resubmit your assignment using the right company.
Go to the website of your company, by clicking on the URL next to your company in the list of companies in the file “Find Your Company”. 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 firm’s annual reports and save to your computer your firm’s latest annual report. For example, these may be dated 30 June 2012 or 31 March 2012. Do not use your firm’s interim financial statements or their concise financial statements.
Within your firm’s latest annual report, find its balance sheet.
Tip: Your firm’s balance sheet may be called a range of different names, such as Consolidated Statement of Financial Position.
From your firm’s balance sheet, list each item of equity and write your understanding of each item. Make sure you read carefully any footnotes for each item of equity and also look at your firm’s Statement of Changes in Equity. Also discuss any changes in each item of equity for your firm over the past year.
Were you able to help each other understand the aspects of each other’s equity in your firms’ balance sheets? Why or why not? What remaining questions do you have about your firm’s equity? What insights have you gained?
Submit the following for Step 1:
1. Your firm’s latest annual report (either as a pdf…