Compare the three annual reports of the selected companies for the following points A. List your selected standards in the selected companies. B. What is the revenue amount for each company? C. Where is the numbers related to the selected standards are presented? (Balance sheet, income statement, or equity statement) D. What are the disclosures points that have been listed in the companies' notes? E. What are major shortcomings in the disclosure notes for your selected companies (indicate if there are any missing disclosure requirement based on the IFRS requirements for the selected standard)? F. Based on your answers above what is your recommendation regarding the level of details in the two different countries? 2 AC4013 Requirement 1) Students form groups of three at maximum. They should select three companies from one industry sector list of industry sectors and companies are attached in the guide) For each company selected, the comparative financial statements for the 2017/2018 is to be examined for this project purposes. I Each group to submit a report includes answers for the following questions: Answer the following questions based on the selected companies: 1. When the company has adopted the application of IFRS 2. What is IFRS standard the company use to present its financial statements? 3. Select three standards that are applied by the company, your selection should be from the following standards and depends on what standard is used by the selected companies. Leases IFRS 16 Accounting Policies_IAS 8 Non-Current Assets Held For Sale IFRS5 Revenue from contracts with customers IFRS 15 Share Based Payment_IFRS 2 Earnings Per Share IAS 33 Financial Instruments Presentation IAS 32 Compare the three annual reports of the selected companies for the following points Compare the three annual reports of the selected companies for the following points A. List your selected standards in the selected companies. B. What is the revenue amount for each company? C. Where is the numbers related to the selected standards are presented? (Balance sheet, income statement, or equity statement) D. What are the disclosures points that have been listed in the companies' notes? E. What are major shortcomings in the disclosure notes for your selected companies (indicate if there are any missing disclosure requirement based on the IFRS requirements for the selected standard)? F. Based on your answers above what is your recommendation regarding the level of details in the two different countries? 2 AC4013 Requirement 1) Students form groups of three at maximum. They should select three companies from one industry sector list of industry sectors and companies are attached in the guide) For each company selected, the comparative financial statements for the 2017/2018 is to be examined for this project purposes. I Each group to submit a report includes answers for the following questions: Answer the following questions based on the selected companies: 1. When the company has adopted the application of IFRS 2. What is IFRS standard the company use to present its financial statements? 3. Select three standards that are applied by the company, your selection should be from the following standards and depends on what standard is used by the selected companies. Leases IFRS 16 Accounting Policies_IAS 8 Non-Current Assets Held For Sale IFRS5 Revenue from contracts with customers IFRS 15 Share Based Payment_IFRS 2 Earnings Per Share IAS 33 Financial Instruments Presentation IAS 32 Compare the three annual reports of the selected companies for the following points
