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Choose two set of financial statements of two companies of UAE. For the same latest financial year (preferably 2020). from similar industries which are
Choose two set of financial statements of two companies of UAE. For the same latest financial year (preferably 2020). 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). you have to analyze information in more detail of your chosen companies and write down possible reasons as per your discussions and understand why amounts mentioned on those accounts are different.
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