You required to provide notes as part of the annual report. For the statement of changes in equity, and the income statement below can you provide notes. The standards you need to apply and reference in this assignment. You also need to consider AASB 1031 but this would not be referenced as it relates to a 'general' principle rather than specific disclosure or presentation requirements. Other details concerning the notes are located within the instruction booklet.
You will be provided with a case study, comprising a trial balance and additional information, in relation to a fictitious company. This case study can be accessed from the unit learnonline site. Using this information as a basis, you are required to prepare an annual report suitable for publication for the year ending 30 June 2014. This must include the following:
• title page and contents page
• statement of profit or loss and other comprehensive income
• statement of financial position
• statement of changes in equity
• notes to the financial statements
• directors declaration
• annual directors report
• annual auditors report
• reference list.
The minimum requirements of those Australian accounting standards/ pronouncements and corporations law as detailed in this booklet.