Required: 1. With reference to the above statement describe what you understand by the accounting concepts mentioned and provide examples from your selected annual report. 2. Discuss the problems of...

Required:


1.    With reference to the above statement describe what you understand by the accounting concepts mentioned and provide examples from your selected annual report.


2.    Discuss the problems of measurement in the context of the present AASB / IASB standards and conceptual framework using your selected annual report to provide examples.



3.    Comment on the relevance and representational faithfulness of using ‘processes’ of measurement to achieve estimates of assets and liabilities.  Provide examples from your selected annual report