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Domino's Annual Report
Domino's Annual Report
1
ACCOUNTING CONCEPT
AND CONVENTION
WITH REFERENCE TO
DOMINO’S PIZZA, INC.
SEPTEMBER 2022
SUBMITTED BY: STUTI SHREE
SUBMITTED TO: DR. SRINIDHI V R
Identified item: Deferred Tax and Assets
Reason: Property Plant and Equipment are fixed assets recorded at a price paid
for them.
Reason: Subtraction of cost from revenue leads to the right calculation of the
profit of the period.
Reason: Intangible assets affects the profit & loss of the business but are not
recorded in ledger.
Reason: Under Prudence provision for bad & doubtful debts is made, so the value
of inventory is taken at cost or net realization value whichever is low.
Identified item: Food Equipment and Packaging Expenses
Reason: Food Equipment and Packaging Expenses effect the decision of a user
and under materiality anything that affects the decision of the user is disclosed.