accounting

accounting

It is often assumed by unsophisticated readers of financial statements that the data included is prepared on a purely objective basis. This, however, is not the case as much of the information presented in financial statements involves elements of judgment.Discuss the key areas of accounting judgement and
how they can impact on reported financial performance and position.

Using the latest Annual Report (incorporating financial statements and accompanying notes), interim results and ASX announcements of either Commonwealth Bank or Myer
(a) discuss the background, key operating areas and the
internal and external factors impacting, or likely to impact,
on the company?s performance
(b) apply ratio analysis appropriate to the company to measure
and comment upon the key areas of financial performance
and position
(c) provide a short overall analysis for shareholders on
whether they should increase or reduce their investment.
(1850 words in total for a, b and c)
it is preferred to be some calculations and figures for explanation

 
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