WEEK 13 - Week 13 Business reporting analysis overview We shall not cease from exploration And the end of all our exploring Will be to arrive where

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1 Week 13 overview We shall not cease from exploration And the end of all our exploring Will be to arrive where we started And know the place for the first time. T S Eliot, Four Quartets, Little Gidding Business reporting • Forms of business entities – Sole proprietor –Partnersh ip –Company • Users – Resource providers – Recipients of goods and services –Regu lators Framework of accounting information – Asset, Liability, Income, Expense, Equity • Characteristics – Relevance, reliability, understandability, comparability, etc. • Uses – External and internal • Limitations Regulation of accounting information • Accounting standards/Generally accepted accounting principles (GAAP) – AASBs and IASs • Companies act – Reporting entities • Australian stock exchange (ASX) – Listed companies Financial statements
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This note was uploaded on 08/29/2011 for the course BUSN 1001 taught by Professor Catherineikin during the Three '08 term at Australian National University.

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WEEK 13 - Week 13 Business reporting analysis overview We shall not cease from exploration And the end of all our exploring Will be to arrive where

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