MP222 Corporate Accounting and Reporting

Question 1 (approximately 1500 words):

The Enron scandal is now 20 years old. The lessons from Enron is still far reaching with changes to laws following the disaster. Critically evaluate:

  • the role of consolidated financial statements
  • the need for elimination
  • the primary criterion for determining whether to consolidate (concept of control)

In your evaluation, refer to Enron and the improper way their financial statements were presented.

Question 2 (approximately 1000-1500 words):Webjet acquired Trip Ninja at the end of 2021.

Research and write a brief summary of Webjet. What do they. . .

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