Assignment Instructions and Requirements

Each student has been allocated a subject company for completing this assignment. In the excel file Find Your Company located under Assessments on Blackboard, you will find the listed company that you have been allocated for this assignment. Important note: You are NOT allowed to select your own companies. You must complete this assignment with the subject company that you have been allocated. Your assignment will not be marked if you use a different company to the one that you have been allocated, or you will be asked to resubmit your assignment using the correct company. Students are not allowed to complete the assignment using the same company as used by another student.

Go to the website of your subject company. Then go to the Investor Relations section of the website. This section may be called: Investors, Shareholder Information or similar titles. In this section, find the companys annual report. Download the firms latest annual report and save it to your computer. For example, these reports may be dated 30 June 2019 or 30 June 2020. Do not use your firms interim financial statements or their concise financial statements.

I have been allocated Net wealth Group Ltd so, these are requirements,

Once you have downloaded the latest annual report for the Net wealth Group Ltd, you are required to undertake the following tasks:

Apply relevant knowledge that you have learned from this course, examine the annual report of your subject company and other relevant information that you have obtained via your research and undertake the following tasks:

1- From the annual report of your allocated company and in respect to the general-purpose financial statements, describe and discuss the objectives and limitations of the conceptual framework for financial accounting.

2- Identify and clearly discuss if your allocated company is a reporting entity, provide specific and detailed examples and factors from your allocated company to support your argument.

3- Describe and discuss the recognition and measurement policies of your allocated company in relation to leases and income tax

4- Explain the impairment testing of non-current tangible assets of your allocated company.