Accounting Analysis of the 2011 Annual Report for Bank of Queensland Limited
Table of Contents
1. Executive Summary 2
2. Overview 2
3. Description of key accounting policies and standards 2 3.1 Loans and advances at amortised cost (Asset) 2 3.2 Deposits and borrowing (Liability) 2 3.3 Employee benefits (Expense) 2
4. Flexibility of Management in Selecting the Key Accounting Policies 3 4.1 Loan and Advances at Amortized Cost 3 4.1.1 Flexibility Analysis 3 4.1.2 Accounting policies analysis 3 4.2 Deposits and Borrowing 4 4.2.1 Flexibility Analysis 4 4.2.2 Accounting Policies Analysis 4 4.3 Employee Benefits 4 4.3.1 Flexibility Analysis 4 4.3.2 Accounting policy analysis 4
5. Quality of Disclosure Made in BOQ Accounts 5 5.1 Business Strategy and Economic Consequences 5 5.2 Notes to the Financial Statements – Explanation of Policies 5 5.3 Explanation of Current Performance 5 5.4 Accounting / Financial Rules 6 5.5 Segment Disclosure 6
6. Questionable Accounting Numbers 6
7. Undone Distortions 7
8. Financial Press Discussions 7
9. References 8
1. Executive Summary
The aim of this report is to provide an accounting analysis of the 2011 annual report for Bank of Queensland Limited (BOQ), and a critique of the reporting of their performance. The report discusses the choice of accounting policies and the flexibility of these policies. The main objective of this report is to evaluate and recognise the possibility of using creative accounting within the company, recognise and questionable accounting numbers within items listed previously. A number of items have been selected from Income Statement, Balance Sheet and Cash Flow Statement.
2. Overview
Bank of Queensland Limited (BOQ), has history of 137 years with network of over 280 branches operating in Queensland. It offers core banking (commercial/retail), equipment finance, wealth management and insuranceservices. BOQ is listed on the ASX and uses its unique concept of the Owner-Managed Branch (OMB),a partnership between the Bank of Queensland
1. Executive Summary 2
2. Overview 2
3. Description of key accounting policies and standards 2 3.1 Loans and advances at amortised cost (Asset) 2 3.2 Deposits and borrowing (Liability) 2 3.3 Employee benefits (Expense) 2
4. Flexibility of Management in Selecting the Key Accounting Policies 3 4.1 Loan and Advances at Amortized Cost 3 4.1.1 Flexibility Analysis 3 4.1.2 Accounting policies analysis 3 4.2 Deposits and Borrowing 4 4.2.1 Flexibility Analysis 4 4.2.2 Accounting Policies Analysis 4 4.3 Employee Benefits 4 4.3.1 Flexibility Analysis 4 4.3.2 Accounting policy analysis 4
5. Quality of Disclosure Made in BOQ Accounts 5 5.1 Business Strategy and Economic Consequences 5 5.2 Notes to the Financial Statements – Explanation of Policies 5 5.3 Explanation of Current Performance 5 5.4 Accounting / Financial Rules 6 5.5 Segment Disclosure 6
6. Questionable Accounting Numbers 6
7. Undone Distortions 7
8. Financial Press Discussions 7
9. References 8
1. Executive Summary
The aim of this report is to provide an accounting analysis of the 2011 annual report for Bank of Queensland Limited (BOQ), and a critique of the reporting of their performance. The report discusses the choice of accounting policies and the flexibility of these policies. The main objective of this report is to evaluate and recognise the possibility of using creative accounting within the company, recognise and questionable accounting numbers within items listed previously. A number of items have been selected from Income Statement, Balance Sheet and Cash Flow Statement.
2. Overview
Bank of Queensland Limited (BOQ), has history of 137 years with network of over 280 branches operating in Queensland. It offers core banking (commercial/retail), equipment finance, wealth management and insuranceservices. BOQ is listed on the ASX and uses its unique concept of the Owner-Managed Branch (OMB),a partnership between the Bank of Queensland
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