ACC303 CONTEMPORARY ISSUES IN ACCOUNTING - Written Report – Individual Assessment

Assessment 1

Task Details: This assignment requires students to access the Conceptual Framework of Accounting www.aasb.gov.au and select the conceptual framework tab. Students are then required to access paragraph 2.4 fundamental qualitative characteristics.
Students should:

1. Prepare a summary of the requirements for general-purpose financial reports with respect to these fundamental qualitative characteristics.
2. Select an ASX corporation (www.asx.com.au) and review general purpose financial report material with respect to the reporting of risk by the corporation
3. Review the general-purpose financial reports, additional company media releases, internet, and other sources in relation to the reporting of risk by the corporation.
4. Prepare a comprehensive report directed to this research. The report extracted from the general- purpose financial report and additional material relevant to the analysis.

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