Australian Corporate Entity Assessment Answer
Key Topics
Topic: Students are required to prepare a comprehensive report directed to an Australian ASX Top
100 listed corporation detailing a critical analysis of the effectiveness of the corporation to meet the
obligations of the conceptual framework of accounting. From 100ASX list I have chosen REA GROUP
TOPIC FOR MY ASSIGNMENT.
#Specific questions to be answered like;
1. Has the company met the objectives of general purpose financial reporting?
2. Are the target audience of general purpose financial reports able to adequately use this report to
gather information for their needs?
3. Has the company satisfied the recognition criteria for the elements of financial statements?
4. Has the company exhibited the fundamental qualitative characteristics of financial reporting?
5. Has the company exhibited the enhancing qualitative characteristics of financial reporting?
Research Requirements: Consideration of the Conceptual Framework Objective, Recognition
Criteria, Fundamental and Enhancing Guidelines is essential. The relationship between accounting
research and professional practice is essential. This article needs to inform your arguments. The
analysis and supported recommendations need to be formatted into a professional report as would
be expected in a modern organisation by management and clients. It should include an abstract,
introduction, body, conclusion and bibliography. Maximum word count is 1300 -1500 words not
including the abstract or bibliography.
Executive Summary
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