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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Access the annual reports of two (2) publicly listed companies from different industries, and:
Identify and explain one rules-based standard that the companies have adopted and
Identify and explain one principles-based standard that the companies have adopted.
(Hint: choose a rules and principles-based standard from the corporate accounting topics covered in lectures during weeks 1-8)
Evaluate the financial consequences of using the rules-based compared with the principles-based standards on the financial statements of each company.
Company :COCA-COLA AMATIL LIMITED
andCOMMONWEALTH BANK OF AUSTRALIA
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