Choose two (2) set of financial statements of two companies of UAE for the same latest financial year from similar industries, which are publicly available (online), and:

1. Recognize and describe the main items in the Income Statement, Statement of owner’s equity, and the Statement of Financial Position (Balance Sheet).

2. Compare and contrast the Asset/Liability/Equity/Revenue/Expenses between the two set of financial statements.

3. Outline the possible reasons for the differences of the above items in the two companies’ financial statements (use table and diagram as needed).