Talk about the Conceptual Framework Format and Standards.
Coca Cola is a major player in the Asia-Pacific region’s non-alcoholic ready-to-drink beverage industry.
The company operates in six countries, which include Australia, Indonesia and New Zealand.
The company offers a wide range of products, including energy drinks, soft drinks, and fruit juices.
It currently holds 29% of Coca Cola Amatil Company.
Coca Cola Amatil Company operates its business with a vision to make every customer happy, every day.
BHP Billiton, which is based in Australia, is also one of the largest mining companies in the mining industry. Its main operations are in the petroleum segment and in metal mining.
In 2015, BHP Billiton was the largest mining company in the world according to the market’s computed value.
BHP Billiton is also the fourth largest Australian company in terms revenue.
The merger of Anglo-Dutch Billiton plc with Australian Broken Hill Proprietary Company Limited in 2001 led to the incorporation of this company.
The merger resulted in the company being known as BHP Billiton.
BHP Billiton, which has expanded its market beyond Australia and England, was founded in 2001 by the association of Broken Hill and Billiton Company.
BHP Billiton’s headquarters are located in Melbourne.
Coca Cola Amatil Company Limited’s primary goal is to make profit.
The Australian company was incorporated and its shares have been listed on ASX.
Coca Cola’s final financial statements have been prepared using the Australian Accounting Standards Board (AASB) and the Corporations Act 2001.
Coca Cola’s final financial statements are compliant with the IFRS (International Financial Reporting Standards).
The International Accounting Standards Board issued it.
The final financial statements include historical data, excluding certain financial assets or liabilities.
They have been calculated on the basis its fair value.
After an audit of the annual report, the auditor has made it available to the company. The financial statements have been prepared in accordance the AASB accounting standard.
The annual report does not contain any evidence that the company’s management has not adhered to the accounting standards.