Select an Australian company listed on ASX and analyse the company’s disclosure quality with regards to the disclosure requirements discussed in Topic 2-6 (Note: please focus on one topic at your choice and clearly indicate which topic you choose in the report). Please analyse the disclosure quality from the following two aspects based on the annual report of the company selected: 1) Identify the particular information (i.e., the amount or any other specific information) provided by the company in their reports that satisfy the various disclosure requirements contained in the Corporation Act 2001 and the AASB accounting standards; 2) Analyse how the disclosed information (from requirement #1) affect the decision-making of the users of accounting information.
Important notes:
• Students are required to identify the specific paragraphs/sections in the Corporation Act 2001 and the AASB accounting standards that governs the financial reporting practices of
the chosen topic and then, identify the specific information included in the annual report (including both the financial reports and other reports disclosed) of the company selected
that satisfy the disclosure requirements.
• Please note most of the specific requirement for disclosures should be refering to the accounting standards.
• After identifying the particular information that is provided in order to satisfy the various disclosure requirements applicable for the company selected, students need to explicitly
discuss the likely decisions that users will make (e.g., assessment on company’s performance and resource allocation decisions) based on this particular information
identified in the company’s report.
• Students should focus on investors as the most important user group.
• You should use information in other sections of the annual report (i.e., the directors’ report and the auditor’s report) to support your discussion on information disclosed in the
financial reports as long as they are related to your chosen topic. Also, information disclosed outside the Annual Report may also be useful to the users of financial reports.
Therefore, you may consider including these information related to your chosen topic in the discussion as well.