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Pages:
2 pages/≈550 words
Sources:
Check Instructions
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Case Study
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.53
Topic:

Relevant Accounting Standards Disclosure Requirements

Case Study Instructions:

Mission requirements for the case study
We are a case analysis work of a group.
The Australian listed company assigned to our group is AGL Energy.
What I need to complete is Part 6. The task requirement is evaluate if the disclosures made in the financial report for the key accounting policies identified in Part 2) comply with the relevant accounting standards.
Evaluate the quality of accounting information disclosure
1. Compliance with relevant accounting standards disclosure requirements(quality of disclosure - complete /accurate /greater level of detail)
2. The form can be a checklist against accounting standards
3. Compare with the relevant knowledge in the company’s annual report, and point out what the company has done and what has not been done.

Submission requirements (this page), Task requirements (next page), Assessment rubric (last page) Submission requirements of the case study 1) Recommended Start: you may start the case study assignment at any time after week 4 (census date). 2) Group size: 4-6 students. You do not need to be in the same workshop/class. 3) Submission Deadline: due online by 5pm on Wednesday 19th May 2021. 4) Information required on front cover: The front cover of your assignment must show the names and student numbers of all members of your group. The names shown must be the names under which you are enrolled, although you may add a nickname or other name by which you are known, so long as your enrolled name is included in full. 5) Format: Your written report must not be longer than eight pages (1.5 lines spacing, font size 12) excluding the title page, executive summary, tables, charts, references, footnotes etc. This case study report must be accompanied by the relevant extracts from the annual report that have been used, i.e., the financial statements (balance sheet, income statement, cash flow statement) and the relevant notes to the financial statements specifically referred to in the written report. These extracts do not count in the page limits. Penalties apply if not provided (see #7)! 6) Value: The case study contributes 20% of your overall grade for the subject. 7) Penalties: Penalties of 10% of assignment weighting will apply for each of the following: per page exceeding eight pages; not providing relevant extracts from the company’s annual report (noted in (5) above); poor formatting of the report (i.e. not following professional report format). 8) Late penalty: Assignments submitted after the due date/time without approval from the subject coordinator or an approved special consideration application will be penalised 10% of the total assignment weighting for each calendar day in which the assignment is late. A calendar day is defined as 24-hour period or part thereof following the published due date and time of the assignment. This rule applies until the 5th calendar day after which the assignment is awarded a zero mark. 9) Lodging online: further information will be provided on the submission method prior to the submission date.

Case Study Sample Content Preview:

Group Case Study
Name
Course
Institution
Date
Relevant accounting standards disclosure requirements
Property, Plant, and Equipment
AASB 116 Property, Plant, and Equipment (PPE) disclosure requirements require that for each class of PPE. There is the measurement, the depreciation methods, and the useful lives or depreciation rates. “Property, plant and equipment is measured at cost less accumulated depreciation and accumulated impairment losses.” (ASB 116 (AGL annual report 2020 p120). The company uses the straight-line basis for depreciation, which is included in the carrying amount of an asset, except for land, and there is an annual review of the useful life of the assets (AGL). The carrying amount of the property, plant, and equipment was $ 6,588 million in the 2019 financial year and increased to $6,640 million in the 2002 financial year (AGL).
Intangible asset
The report highlights information on the impairment of non-financial assets excluding goodwill and there is the revaluation balance on the intangible assets. However, there is no information on development expenditure that meets the criteria of intangible assets. Intangible assets ought to be identifiable, and the company measured the cost of the intangible assets to record them.. Goodwill is one of the company’s main types of intangible assets, and the company reported goodwill allocated to cash-generating units (CGUs). AASB 138 requires that reporting entities disclose the carrying amount of the...
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