Write a research report of answering the questions below. You need to do some extended personal research and self-directed learning in order to complete this assignment. (2000 to 2500 words)
1. Comment on the application AASB 101, 116, 138 and 136 in the annual reports of the selected companies below by Identifying various categories of assets (such as current or non-current; tangibles intangibles, PPE and other), their reported values and respective impairments ‘in the Statement of Financial Position’. Compare and comment on the methods used for valuation, depreciation/amortisation/impairment of property, plant and equipment (PPE)/intangible assets. (approx. words 1000-1250)
2. Using peer-reviewed research papers argue and conclude if it is appropriate to have a single, global set of accounting standards as well as one conceptual framework that has global acceptability? (approx. words 1000-1250) Use the latest available annual reports of these two listed Australian companies below 1. National Australia Bank (NAB) 2. Telstra
