Group Project Details

1-General Instructions

1- This project is a combination of both theoretical and analysis components

2-Specific Instructions

a)Students are encouraged to choose a company either from manufacturing, production, or distribution industries. This will help students have a broader coverage.

b)The company must be listed publicly either on Abu Dhabi Stock Exchange (ADX) or Dubai Financial Market (DFM)

c)The chosen company must have reported their Balance Sheet and Income Statement

d)Extract the Balance Sheet and Income statement and other accounts of the chosen company for the recent year (2019).

3-Requirements

1^st Step:

a)You need to provide the executive summary for the project.

b)Write a introduction of the chosen company.

c)What is the company background?

d)Company Vision and Mission

e)Product Development of the Company

f)Investment Decisions

Step 2:

Discuss the company practices based on following parameters.

1)Corporate governance recommendations.

2)External audit functions of the company.

3)The key measure for implementing ethics.

Step 3:

1)Discuss and present the information reported in the Income Statement and the Financial Position of the company for 2019. Support your justifications and evaluation with necessary computations, and statistics.

2)You need to provide your comments whether the chosen company is preparing the report in accordance with the International Financial Reporting Standards or Generally Accepted Accounting Principles?

3)Also need to assess that whether the report of the chosen company discloses the information related to short-term and long-term assets.

Step 4:

1)Discuss the Conceptual Framework and the qualitative characteristics of accounting information.

2)Discuss the applicability of this Conceptual Framework to the UAE.

Step 5:

1)The overall conclusion of the project to be submitted.

2)The references should also be provided.