Ability to explain accounting concepts and their application within the regulatory framework

Assignment task The assignment task aims to develop and consolidate students’ learning in the unit with respect to: a) Ability to explain accounting concepts and their application within the regulatory framework of financial reporting b) Ability to critically interpret financial reports and their impact on business decision-making. The task involves a detailed analysis and comparison of annual reports of TPG Telecom Ltd. and Telstra Ltd for the year 2016. The task is to write a report that contains: 1) An analysis and explanation of the depreciation policy followed by each company and its impact on each company’s profitability. 2) An analysis and interpretation of inventory valuation methods adopted by each company and the impact on each company’s profitability. 3) Identification and analysis of intangibles listed within the statement of financial position of each company. 4) A comparative summary of policies (covering points 1 to 3) adopted by both companies along with recommendations.