FINANCIAL ACCOUNTING - RESEARCH ESSAY
"... the basis for distinguishing owners and creditors is the difference in the claims on the assets of the firm. Although both are classified as sources, they are sub-classified on the basis of claims." Sterling, R. R., 1979, Toward a Science of Accounting, Scholar Book Co. p. 206.
The AASB / IASB struggle with defining and distinguishing equity and choose to do so in the context assets and liabilities therefore acknowledging the distinction made by Sterling.
Select a company from the Australian Securities Exchange website and download the 2015 annual report.
My company is Crown Ltd and its Annual Report - 2015 is attached.
Expectations
Abstract / Synopsis 250 words
Clear and specifically structured
Introduction 250 words
Clear and specific introduction
QUESTION 1. With reference to the above statement describe what you understand by the term ‘equity' and how they are measured using examples from your selected annual report. 450 words.
Description is exceptional, with logical paragraphs that connect effectively and summarizes statements and objectives at a superior level.
QUESTION 2. Discuss ‘equity' and the problems of measurement in the context of the present AASB / IASB standards and framework using your selected annual report to provide examples. 600 words.
Develops discussion exceptionally well within paragraphs, connects them with effective transitions and summarizes statements and objectives at a superior level.
QUESTION 3. Evaluate the categorisation and treatment of ‘equity' in your selected annual report in the context of AASB / IASB standards and framework. 550 words.
Describes & develops ideas exceptionally well, organizes them logically within paragraphs and connects them with effective transitions; summarizes statements and objectives at a superior level.
QUESTION 4. Comment on the relationship between the measurement of ‘equity' and decision useful information with examples from your selected annual report. 650 words.
Analysis is exceptionally within logically constructed paragraphs that connect to make effective transitions; summarizes statements and objectives at a superior level.
Conclusion 250 words.
Provides a full discussion of conclusions, implications, and consequences that reflects an integration of knowledge.
Reference list
Appropriate
Language
Develops concise standard English sentences, balances a variety of sentence structures effectively. Written at a higher level using complex sentences, advanced vocabulary, and error free.
Spelling and Grammar.