Jo T:TV %10 call 1ull 4 WE B291 TMA - Fall- 2020.doc E Case Study: PHILIPS Access the PHILIPS home page and download the annual report of PHILIPS 2019 or You can directly access the annual report on the below link: https://www.results.Philips.com/publications/ar19 And Download PHILIPS Annual reports and Accounts 2019. Instructions Use the 2019 Annual report of PHILIPS to answer the following questions: 1- Business organizations can be classified into different legal forms. List and briefly explain the different forms of business organizations. Identify under which category of business -3 organization the PHILIPS bank falls, support your answer from the annual report of PHILIPS 2019. [Marks (Words): 10(300)] 2- The process of determining the monetary amount at which the elements of the financial statements are to be included in the balance sheet and income statement is called measurement. The IASB Framework includes the four bases of measurement. Explain these four bases of measurement with example. Identify that which measurement bases is used by PHILIPS in preparing their financial statements? [Marks (Words): 10(300)] 3- IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the importance of these two models for PHILIPS and describe the depreciation methods used by PHILIPS. [Marks (Words): 10(200)] 4- The sources of company finances may be various and complicated. Equity capital is the main source of company finances, what are the different types of share capital, explain. Also identify the different forms of share capital from annual report of PHILIPS. [Marks (Words): 10(200)]Jo T:TV %10 call 1ull 4 WE B291 TMA - Fall- 2020.doc E 4/4 Explain why the going concern basis is important in understanding PHILIPS financial statement; Support your answer with evidence from PHILIPS annual report. [Marks (Words): 10(200)] 6- Balance sheet can be prepared in vertical, net asset and horizontal format. What is the difference between these formats? Which format has been adopted by PHILIPS and what is the underlying assumption? Provide evidence from annual report. [Marks (Words): 10(200)] 7- What is meant by investor ratio? Explain the dividend payout ratio and earning per ratio, compare these ratios from 2018 to 2019 from annual report to PHILIPS. [Marks (Words): 10(200)] 8- Write the summary on the financial position of Philips. Your summary should include the main financial data of the company. [Marks (Words): 10(200)] In your answer, you should explain each point or inquire separately. Use the following headings (below) to make up the different sections of your work: Cover The PT3 form (available on LMS) Contents Title and contents page References Recorded according to the Harvard style - Available on LMS Good Luck