Financial accounting.

Please solve the all questions below (Finanical Accounting.)/…………………….

COLLEGE OF BANKING AND FINANCIAL STUDIES
DEPARTMENT OF UNDERGRADUATE PROGRAMME
B.Sc. in Accounting, Auditing and Finance/BAAF
Group Work
Weightage: 30%
Student Name & ST Number
1.
2.
3.
4.
Semester
1
Fall 2023
Assignment Title
Financial Statement Analysis
Module
Financial Accounting 1
UG036
Assessor:
Start Date:
Release : week 6 (29th
October 23)
Formative Submission:
Week 8 (16h November
2023)
Summative Submission:
Week 11 (7th December
23)
Presentation : Week 14
Internal
Verifier
Due Date:
Dr. Yasmeen Ali Al Balushi/
Dr. Mohammed Ali
Dr. Roslin
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Required Work, Format and Grading
You must submit the following by the assignment due date:
▪ Completed answers to each task, making sure that you fully address each of the outcome criteria.
▪ Answer all questions separately.
▪ Assignments without TURNITIN report will not be accepted.
Resources:
You need to demonstrate a confident application of the theories to the assignment task. The theoretical
underpinning of your observations and deliberations should also demonstrate a good understanding of the
subject by the way that your analysis is structured.
You can access the Internet to research about the topic. You should demonstrate good academic practice
by the appropriate use of academic texts and journals that are properly referenced.
Guidelines and further information about assignment:
Assignment must be submitted with the “Turnitin” report. If the report generated indicates a
similarity index percentage of 20% or more, a review of your assignment is necessary to ensure the
same is reduced to less than 20%.
Student declaration:
I certify that the work contained in this assignment was researched and prepared by me:
Signature: ___________________________
Date: ___________________
THE ASSIGNMENT WILL BE SUBMITTED ON MS.TEAM
Submission time and date
You should submit the assignment by the time and date mentioned otherwise a ‘NA’ will be awarded.
Fill in the form cover and staple it with your assignment. Make sure that all the relevant details are
complete. Assignments must be submitted by the due date. You may include diagrams, figures etc
without word penalty.
Plagiarism Writing
1. Plagiarism occurs if you use somebody else’s work in an assignment or exam answer, but fail
to state where you got the material from. You need to be also very careful about the amount of
words you are using from somebody else’s work.
2. It can happen in any type of assessment where you are given the questions or tasks in advance.
3. If another student uses your work in his/her answer(s), both you and he/she will be punished
when caught.
4. Punishments for committing plagiarism can be very severe.
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Details
Plagiarism is a form of cheating in which students use the work of others and present it as their own. It
may include all or any one of the following –
1. Copy extensively from the work of others (from sources such as books, magazines, journal,
web-sites etc) and submit the work as your own.
2. Copy another students’ work and submit it for assessment under your own name.
3. Allow another student to copy your work and then submit it for assessment under their own
name.
What happens if you get caught?
The examining body of CBFS may punish offending students in any manner that they deem fit. Typical
punishments may range from reduction in grades, making students re-sit modules and even failing
students on a module or an entire award. The college considers this form of cheating as a serious offence.
Therefore , be forewarned!
LO 2
Demonstrate knowledge and understanding of various accounting concepts and conventions
and its importance for the preparation of financial statements.
LO 4
Demonstrate the elements of various financial statements and construct Income Statement
and a Statement of Financial Position for a merchandising business.
Important Instructions:
✓ It is a group assignment.
✓ Total marks: 30 (25 marks for report & 5 presentation).
✓ Attach the copy of the “Financial Reports” (Income Statement, Balance Sheet, and cash
flow ) along with your completed assignment.
✓ Register name and company which you have chosen for assignment with your teacher
during week 4 and 5, same company cannot be taken by more than one student.
✓ Write your name and put your signature in the boxes at the top of this page.
✓ You should write your answers clearly and show relevant workings.
✓ Use Times Roman / Arial font of 12 size, 1 ½ spacing.
✓ Calculations and references, please ensure that your answers include all relevant
information, data etc.
✓ Downloading information and pasting it in assignment is prohibited.
✓ Plagiarism is an academic offence. Avoid plagiarism.
✓ Assignment word limits – not applicable
✓ Draft checking is allowed only once for every assignment and a generic feedback will be
provided.
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Assignment- – Financial Statement Analysis (30 marks)
Students’ Guide
Step -1: Choose any one company from Yahoo. Finance (
https://finance.yahoo.com/?guccounter=1)
Example: Google and get its published financial statement for the financial period 20212022.
Step -2: Using the financial reports answer the following questions:
1. Brief introduction about the company? (1 Mark)
No. of Employees :
Company Name :
Mission of the company:
Established :
Principle activities :
Vision of the company:
Head office Location:
Branches :
2. List various items (only account heads, no need write figures) appear under the following
categories: (5 Marks)
Category
a)
List of Assets
b)
List of Liabilities
c)
Owners’ Equity
d)
List of Revenues
e)
List of Expenses
Account Names
3. Develop a basic “accounting equation” (Assets= Liability + Owner’s Equity) for the year
2021 & 2022. (2 Marks)
4. Calculate “Net Profit” of the company for the year 2021 & 2022 by using the “Simple
Income Statement” format which you learned in the class? (2 Marks)
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5. “Company’s net income appears directly on the income statement and the owner’s equity
statements, and it is included indirectly in the company’s balance sheet”. Do you agree?
Explain how the net income is shown in Balance Sheet. (2 Marks)
6. What is a total assets value of the company during 2021 and 2022? Provide calculation
(2 Marks) and why is this figure important?
7. What is a total Liability value of the company during 2021 and 2022? Provide calculation
(2 Marks) and why is this figure important?
8. What is a total Owner’s Equity value of the company during 2021 and 2022? Provide
calculation (2 Marks) and why is this figure important?
9. What is the accounting period of the company? (1 Mark)
10. Which method (periodic or perpetual) the company has used to calculate the Cost of
Inventory? Explain briefly.
(if the company is service organization, then explain both methods briefly) (2 Marks).
11. Where did cash come from? (1 Mark)
12. What was cash used for? (1 Mark)
13. How would you evaluate the performance of a business? (1 mark)
14. Describe the importance of footnotes and disclosures in financial statements and how
they can provide valuable information for analysis? ( 1 mark)
————————–End of Assignment—————————-
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Assignment Rubric
Marks/Grades
Criterion
Knowledge
50%
90-100
A
Shows wellcoordinated
understanding
of subject
85-89
ASound
understanding
of subject
matter
74-84
B
Major facts
are
understood
56-73
C
Shows
understanding
of basic
issues/theory
55-55
D
Minimal
understanding
of basic
issues/topic
Analysis 20%
Touches upon
all relevant
issues/theory.
Concise
analysis
Reasoned
argument and
sequencing
Shows evidence
of
understanding
of concepts.
Coverage of
obvious ideas.
Fails to identify
subtle
issues/theory.
Captures
obvious ideas.
Research 10%
Excellent
referencing
and reading in
all areas
Appropriate
referencing
Adequate
referencing and
reading.
Weak reading
and referencing
Poor
referencing.
Shows lack of
reading/referenc
es out of date
Relevance 10%
All material
used is of
relevance
Detailed
coverage of
basic
concepts/theor
y. Reasonable
coverage of
subtle
issues/theory
Use of up-todate resources.
Well informed
and generally
accurate
information
provided.
Material used
is relevant
Some material
repetitive
Some repetitive
matter.
Irrelevant
No relevance to
subject matter
Conclusion 10%
Excellent
conclusion.
Brings
together all
concepts and
adds an
original
perspective
Discussion
shows
relationship to
theory
Methods
incorporate
modifications
used
Conclusion in
place but key
points missing.
Reasonable
application of
knowledge
Weak
conclusion and
content.
Satisfactory
application of
ideas/theory
Poor
conclusion.
Poor knowledge
application.
Intelligent
conclusion.
Good
application of
knowledge
0-49
F
No
understanding
of the
topic/subject
area
No or minimal
understanding
of the key
theories/topic
All the best!!!
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