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Corporate Accounting 10-07-19
Maddox Smith
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Corporate Accounting This is a solution of Corporate Accounting Assignment in which we discuss Corporate Accounting can help your company cope with aging systems and limited resources that can lead to fragmented Corporate Accounting solutions.
Executive Summary In order to do so, the annual reports of the individual firms have been obtained followed by a detailed analysis of the financial statements presented in them. The report contains the analysis of the major financial statements of BC Iron Ltd and Boral Ltd and their notes to financial statements. It has also helped in understanding the various accounting treatments related to taxation.
(A) A brief introduction of the companies chosen and an overview of what has been discussed in this assignment Hence it is necessary for all companies to perform corporate accounting. The company has several projects such as the Iron Valley and the Buckland project. Boral Ltd, on the other hand, is another Australian company selling construction and materials for buildings with more approximately 15994 employees and 700 operational sites (Boral.com, 2018). The other comprehensive income statement and the financial statements of BC Iron Ltd and Boral Ltd along with interpreting the constituents in them.
(B) Owners equity (i) From your companies’ financial statements, list each item of equity and write your understanding of each item The statement of financial position of a company consists of its ownership interest breakdown and this is called equity (Geske, Subrahmanyam & Zhou, 2014). Hence the contributed equity or the issued capital in the equity section of a company refers to the amount of equity held in a company from the number of shares, which the company had issued to public (Baker & Xuan, 2016).
(ii) Provide a comparative analysis of the debt and equity position of the two firms that have been selected. Online