use the company annual report for 2020 or 2019
this link should be your sources :( https://thea2milkcompany.com/wp-content/uploads/The-a2-MilkCompany_FY19-Annual-Report_double-pages-1.pdf )
answer this two questions :
1- a) Define/explain the following four listed Australian Accounting Standards
(AAS)
• AASB101 – Presentation of Financial Statements
• AASB 102 - Inventories
• AASB 116 – Property, Plant & Equipment
• AASB 118 – Revenue
b) for each AAS in (a) identify the report that they would appear in (income statement, balance sheet or cash
flow). Note: You must locate and Identify where the 4 AAS are located within the Annual Report (Provide a
screen shot for your report).
2- Does the company have an audit committee? What is its purpose?
Sample Solution