Financial Report - WEBSTER LIMITED - 73197

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Financial Report 1 - assesment details

Objective company: WEBSTER LIMITED

Objective: This task requires you to prepare a report to evaluate information provided in the

annual report of a chosen company listed on the Australian Stock Exchange (ASX). Your

comments or evaluation should comply with the requirements of relevant Australian

accounting standards (AASBs). The report should address the points outlined below:

1) PPE: You should refer to the requirements of AASB 116 Property, Plant and Equipment and

AASB 136 (FP) Impairment of Assets [for for-profit entities] as the guidelines for your

report.

• Identify the PPE of the company by the end of the financial year (1 mark)

• Determine the measurement of PPE in the chosen company (2 marks)

• Comment on and discuss the depreciation method of the chosen company (1 mark)

• Explain whether there is impairment loss and how it is determined (1 mark)

• Comment on whether or not the disclosures of PPE in the annual report are sufficient

for decision making (2 marks)

• Discuss how the choice of accounting policies impacts on financial performance (1

mark)

2) Income Taxes: You should refer to the requirements of AASB 112 (FP) Income Taxes [for

for-profit entities] as the guidelines of your report.

• Comment on the recognition of current tax liabilities (assets) and tax expenses

(income) reported in the annual report of the chosen company (1 mark)

• Determine whether there are deferred tax assets (DTAs) and deferred tax liabilities

(DTLs) and explain the factors that led to DTAs and DTLs in the chosen company (2

marks)

• Discuss the measurement of current tax liabilities and assets, DTAs and DTLs in the

annual report, and comment on whether it aligns with the requirements of AASB 112

(1 mark)

• Are DTAs and DTLs offset against each other in the annual report? (1 mark)

Solution Description

Attachments
Financial Report.docx
Financial Repor...