Financial Reporting Disclosures in Australian Corporate Sector

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[...] For the sake of clarity, the companies need to fill in the blank with more detailed statements that represent the actual plotlines. Moreover, different levels of detail given in the financial statement are examples, whereas Telstra Group Limited tend to provide more thorough disclosure compared to Endeavour Group (Thuy et al., 2021). To prevent loss of information between the two companies, Endeavour Group should boost the quality of its reporting and disclosure practices, thus making them more precise in better agreement with the industry's best practices, as well as meeting AASB requirements. [...]

[...] This disclosed transparency is not only a material of the valuation process. It is also a lever to estimate if there is any strategic rationale owing to the acquisition and its results in the financial health and future growth trajectory the company is able to attain. c. Revaluation of Assets Revaluations of subsidiary assets are typically carried out in accordance with relevant accounting rules and reported in financial statements as they become necessary. However, the frequency and extent of these evaluations may vary depending on factors unique to each firm and industry standard. [...]

[...] In summary, although Telstra Group Limited and Endeavour Group exhibit a dedication to financial openness, their reporting and disclosure protocols may be refined. By improving the clarity and completeness of their disclosures, both businesses may offer stakeholders a greater knowledge of their financial performance and position, which would boost stakeholder confidence in their operations. References Abed, I. A., Hussin, N., Ali, M. A., Haddad, H., Shehadeh, M., & Hasan, E. F. (2022). Creative accounting determinants and financial reporting quality: a systematic literature review. Risks, 10(4) https://doi.org/10.3390/risks10040076 de Silva Lokuwaduge, C. S., & de Silva, K. [...]

[...] This way of assessing financial reporting helps the stakeholders evaluate the real economic value of goodwill and its significance for the health of the company, making investment decisions and being aware of risks surrounding the business itself. e. Non-Controlling Interest (NCI) The term non-controlling interest (NCI) refers to the portion of a subsidiary's equity that is not held by the parent business. NCI, which is calculated as the fair value of minority shareholders' holding at the purchase point, represents ownership that is separate from that of the parent company. [...]

[...] Financial Reporting Disclosures in Australian Corporate Sector Financial Reporting Disclosures in Australian Corporate Sector Louisiana State University Financial Reporting Disclosures in Australian Corporate Sector Introduction Understanding a company's financial performance and position depends extensively on its financial reporting. Businesses listed on the Australian Stock Exchange (ASX) must comply with accounting standards established by the Australian Accounting Standards Board (AASB). With an emphasis on topics like goodwill, asset revaluation, impairment testing, and non-controlling interest this study compares and examines the financial reporting disclosures of Telstra Group Limited and Endeavour Group, two well-known Australian parent corporations. [...]