You are to explore the annual report disclosures for one of the NZX 50 companies for 2012.
You are required to choose the company. The annual reports are available online.
The are the primary focus points for the assignment. (required to choose 3 topics for the assignment)
Accounting concept
accounting for income taxes,
Earing per share,
accounting for financial instruments,
accounting for intragroup transaction,
accounting for non- controlling interest,
Accounting for indirect
Ownership interests
(this all from Deegan, C. & Samkin, G. NewZealand Financial Accounting. 6th Edition.)
how you consider accounting regulation and apply in the annual report
The aim is for you to formulate an opinion about the quality of the disclosures for the NZX 50 company that you have chosen as your case study.
To do this you will need to cite the relevant regulatory authorities for each topic and identify the level to which the regulations have been complied with and the manner in which the regulations have been disclosed.
Organize your assignment with following layers
1. Your general view about the quality of the annual report taken as a whole. What is it
that you see and read given the type of company that you have chosen. Provide a
comment about how the report is organized. Identify anything unusual or different in
the report. What is the general impression that is offered by the report?
2. Your specific disclosure analysis and discussion for the three topics that you have
chosen.
3. For the assignment explore the topic using at least 5 academic references. These
should be either:
?Refereed journal articles (not newspapers, magazine articles or internet sites) or
? specialized academic books (not undergraduate accounting or management textbooks).
Note: Professional publications, newspaper, magazine and internet sources can be
appropriately used but must be in addition to the 5 academic sources.
Reference list using APA format.
Length: 9 pages…