Obtain an annual report for the year ending 2012 of an Australian listed company where a MODIFIED or an EMPHASIS OF MATTER opinion was given due to going concern issues. The company we have chosen is “Aircruising Australia Limited”. The company is Australian owned, based in Sydney and was established in 1983. The company operates under “Bill Peach Journeys”. The company provides a service to its customers. They aim to give people the opportunity to have air cruise experiences in Australia and worldwide
Comprehensive Annual Financial Report Table of Content I. Abstract II. Introduction III. Introductory analysis & GFOA Award IV. Financial Analysis V. Financial standing VI. Conclusion VII. References Abstract Comprehensive Annual Financial Report (CAFR) is a report used by cities, and local governments to provide the public with their financial records each year, while adhering to government accounting standards board (GASB) guidelines. The report presents a comprehensive
Question 2. Use an extended example to critically discuss how a company’s annual report and accounts are useful in understanding and analyzing its market, productive and financial performance. Annual report and accounts like the income statement, the cash flow statement and the balance sheet, are financial accounting statement. They comprise numerical data over the past year and indicate the company’s prospect for future financial performance. The information would allow user groups to understand
Comprehensive Annual Financial Report and is used by the United States government means to check the fiscal position of a state, municipal or any government entity. The report must comply with the accounting standards, that is, G.A.A.P (Generally Accepted Accounting Principles) which are promoted by the G.A.S.B. The entity I choose is the Talbot County in Maryland, which is a government entity; its report is composed of 125 pages, which clearly show the financial position of the county. The report is divided
The Fairfax County’s Comprehensive Annual Financial Report for the fiscal year ended June 30, 2015, addressed to the county’s residents, presenting the county’s financial position and results of operations. The County’s financial statements included in this report conform to generally accepted accounting principles as laid out by the Governmental Accounting Standards Board (GASB). It has been audited as required by the Code of Virginia and received an unmodified opinion by the accounting firm KPMG
Analysis and Report Objectives Apply theory in practice Conduct analysis of financial statement – to look beyond the numbers Experience formal report writing. REQUIRED: Written report (a soft copy on blackboard via turnitin and printed copy to tutors is compulsory) 1. Obtain the most recent annual report for two companies in any of the industries on the Australian Stock Market (for example, mining, retail, manufacturing, construction, service, transport). The reports should contain
Access the Al Marai home page at: https://www.almarai.com/en/ Access to “Investors” then “Annual reports & Financial information”, and then finally download “2015 Annual Report in PDF form”. You can directly access the annual report on the below link: https://www.almarai.com/en/investors/financial-information, and download the Annual report 2015 in PDF format. Instructions Use the 2015 Annual report of Al Marai to answer the following questions: 1- The presentation of financial accounting
government control, there is doubt regarding the reliability of Sinopec’s financial reports. BHP Billiton, Suncor and Statoil allow their auditors to be overseen by the PCAOB . Therefore, their annual reports will be of higher quality. The PCAOB has not been allowed to investigate reporting in China, Hong Kong and Austria, raising concerns regarding Sinopec and OMV’s annual reports . Single sets of accounting reports incentivise companies to lower reported profits as high profits attracts higher tax
report. The segments include political/legal forces, economic forces, social forces, technological forces, and threats and opportunities which are facing the company. Political/Legal Forces Hitt et al. (2014) define political force as an area which a company tries to influence and voice its opinion to the government regardless of where it competes. This segment concerns with laws and regulations between firms and local government agencies (Hitt et al., 2014) in response to either a national, regional
of the year: the annual report. If produced effectively, this document, marked by high production values, massive printing expense, and the collective work of designers, corporate communication teams, writers, models and photographers, serves to persuade a shareholder audience that the investment choices they have made are wise, that the company reflects the values of their investors, and that investors should, above all, not divest themselves of the company’s stock. Annual reports serve not only to