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How the objectives of General-Purpose Financial Reporting: International Financial Reporting: Frameworks & Standards Assignment, DCU, Ireland

University Dublin City University (DCU)
Subject International Financial Reporting: Frameworks & Standards Assignment

Assessment requirements:
With reference to the recent financial results (annual report) of KINGSPAN ly published GROUP PLC, an international trading organization, adopting IFRS, write a report addressing the following:

  • How the objectives of General-Purpose Financial Reporting (chapter 1 of the IASB Conceptual Framework for Financial Reporting) are demonstrated in the annual financial statements and report.
  • With reference to specific Financial Reporting Standards (IAS or IFRS), demonstrate how their Recognition, Measurement, and Presentation / Disclosure (chapters 5, 6, and 7 of the IASB Conceptual Framework for Financial Reporting) are reported.
  • How do the contents of the annual report allow the users of financial statements to make informed decisions?

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