本部分分析了公司会计准则在财务报表中的应用。Fisher & Paykel Healthcare Corporation Limited是一家公开上市的实体，因此需要公布其财务报表。它发布年度报告，每年的财务报表，以及与其他部门，如首席执行官报告，对未来的管理指导。年度报告也列出了董事会成员以及成员的名单。
Profit and loss statements should present the profit and loss, total comprehensive income. These two incomes should be presented for the non controlling interests and also the owners. The profit and loss statement should contain the revenue, finance costs, tax deduction, and amount for the discontinued operations. In comprehensive income the income and loss should be classified in to main groups, one which will not be reclassified into the main profit and loss statement and other group should contain items which can be classified into the profit and loss statement after specific conditions are met by the firm. For statement of changes in equity firm should present it as mentioned in the guidelines of the NZ framework.
Lastly the cash flows are classified into operational, investing and financial cash flows. The firm should classify the cash flows into different sections according to the guidelines mentioned in the framework.
This part analyzes the application of the accounting standards by the firm in their financial statements. Fisher & Paykel Healthcare Corporation Limited is a publicly listed entity and thus needs to publish its financial statements. It publishes annual report on an annual basis which has financial statements along with other sections like CEO report, management guidance for the future. Annual report also gives the list of board of director members along with members.
Looking at the annual report, firm starts with the financial summary for the five years. It also gives the independent auditor report that has analyzed the reports of the firm and certified that the firm has followed all the guidelines while preparing statement. This is required by the firm to independently audit its financial statements.
Firm then provides the income statement. It clearly gives all the possible items required in the income statement. It gives revenues and in addition gives expenses for the firm. For the expenses it clearly gives all the expenses and gives a proper classification for them. It also gives the statement of the comprehensive income which is also required according to the NZ framework. In comprehensive income section it classified the income which can be reclassified into the profit and loss and also the items which may not be reclassified. Thus it gives a proper income statement according to the NZ framework.