You are to explore the annual report disclosures for one of the NZX 50companies for 2012.
You are required to choose the company. The annual reports areavailable online.
The are the primary focus points for theassignment. (required to choose 3 topics for the assignment)
1. Accounting concept
2. accounting for income taxes,
3. Earing per share,
4. accounting for financial instruments,
5. accounting for intragroup transaction,
6. accounting for non- controlling interest,
7. Accounting for indirect
8. 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 toformulate an opinion about the quality of the disclosures for the NZX 50 company that youhave chosen as your case study.
To do this you will need to cite the relevant regulatoryauthorities for each topic and identify the level to which the regulations have been compliedwith 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 undergraduateaccounting or management textbooks).