Ritical evaluation of the international Accounting Standard and Financial Reporting Standard that applied on BRITIVC plc.

International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) are part of the regulatory framework for the form and content of published financial statements and financial reporting requirements. These Standards are underpinned by the IASBas conceptual framework guidance which states that one of the main objectives of financial reporting is to a?provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in making decisions about providing resources to the entitya? (IASB, 2010).
Requirement:

(a) Do BRITVIC plc use the IAS or IFRS to report and disclose its financial statements ? Select three items from the balance sheet and/or income statement of Britvic plc annual report 2012 to which an international accounting standard has been applied. You should identify the international accounting standard being applied, providing a critical evaluation of the extent to which the information provided meets the main objective of financial reporting stated above. You should focus on how decision useful the information is including views on how it may help investors and lenders assess the future. You should make clear reference to the information also provided in the disclosure notes for the three items in the balance sheet and/or income statement to ensure you access all relevant information for your choice of three areas.
(b) Present the information above in a report format with suitable headings and sub-headings.
Please Note that: I have chosen three matters and I want you to Focus on them which are: Property, plant and equipment(PPE) and Earning per share(EPS) and the Revenue.
Please applied that on BRITVIC plc that I have uploaded with my order please focus on the NOTES page in the case study to explain more about the disclosure at BRITVIC plc. More detail that I want you to focus on them:
1-IDENTIFICATION OF THREE ITEMS a you NEED TO SAY WHICH Accounting STANDARD APPLIES at BRITVIC plc; PROVIDE A CRITICAL EVALUATION OF HOW HELPS MEET MAIN OBJECTIVE OF FINANCIAL REPORTING (PROVIDED IN QUESTION).
2-NEED TO THINK ABOUT HOW HELPS SHAREHOLDERS AND LENDERS ASSESS THE FUTURE
3-DONaT FORGET TO MAKE REFERENCE TO DISCLOSURE NOTES (you can find them in the BRITVIC plc for example PPE note is 13 page65 FOR EACH OF THE THREE ITEMS!
In term of REVENUE a YOU NEED TO LOOK AT SEGMENTAL ANALYSIS PAGE 57; NOT MUCH ELSE! SEGMENTAL ANALYSIS HELPS USERS APPRECIATE BREADTH OF COMPANY ACTIVITIES ACROSS PRODUCTS/MARKETS AND YOU CAN SEE RATES OF RETURN FOR EACH SEGMENT. IN terms of EPS a LOOK AT BOTTOM OF INCOME STATEMENT ON PAGE 45 a BASIC EPS; DILUTED EPS; BRITVICaS OWN VERSION OF EPS THAT WILL EXCLUDE EXCEPTIONAL ITEMS
_CASH FLOW STATEMENT a TELLS USERS ABOUT LIQUIDITY OF COMPANY AND WHERE SPENDING THEIR MONEY AND WHERE GETTING MONEY FROM. CASH INFLOW FROM OPERATING ACTIVITIES IS VERY PERSUASIVE THAT ALL IS WELL!
-PPE a EVALUATE THE INFORMATION TO SUPPORT DECISIONS AND PREDICTIVE VALUE a
MEASUREMENT BASIS a IS IT FIT FOR PURPOSE OF DECISION USEFULNESS? HISTORICAL COST VERSUS CURRENT COST. WHAT IS THE BETTER BASIS FOR MAKING DECISIONS?
DISCLOSURE NOTE ON PPE a IS THE COMPANY INVESTING IN PPE OR IS THE CAPITAL BASE ERODING?? LOOK AT NOTE 13 TO SEE IF ADDING TO PPE DURING THE YEAR

INFORMATION ABOUT THE FUTUREa FOCUS ON HOW PREDICTIVE THE INFORMATION IN BRITVIC ACTUALLY IS.EXAMPLES OF EPS.CASH FLOW STATEMENT a WHERE IS CASH COMING FROM; GENERATING MORE OR LESS THAN LAST YEAR? ESP FROM OPERATING ACTIVITIES.
About the most important books that I want you to use is thatFinancial Accounting and Reporting by Barry Elliott and Jamie Elliott . Edition 14. and another book is that Financial Information Analysis by Philip ORegan. Second Edition.

You are advised to:

a? Avoid mere description of the content of material referred to a critical evaluation is required where specified
a? Read widely from textbooks, journals and authoritative financial press commentaries in forming your views. You will find that the IASB website helpful uk However, do not restrict your reading to material on the IASB website.
a?Use the APA referencing guide a badly referenced material will lose you marks. Please Make sure about the references that all relevant and updating and proper. I want the work as critical evaluation.