following are the key points of the assignment…Discussion about two companies.
ColesWoolwoth
Need to have a quick look at their year annual report
in view of the accounting framework or 8 principals of ethics need to discuss what are the misleading facts in their Annual reports or what they are not including in their reports.
· e.g how they are putting small businesses out of business/ market· butcheries·Fresh FruitVeg shops·Bakeries·
How they are not reporting the issue of Billions of Dollars theft from their stores every year·Even though they are insured they are insured by their own groups, eg Coles is insured by Coles insurances and Woolworths is insured by Woolworth’s Insurance which means they are taking money from one pocket and putting in the other.
The focus of the assignment is that what is wrong with their reporting, where they are giving misleading facts or hiding facts from the shareholders
Which one of them is better in terms of reporting.
A very strong conclusion at the end