Muscat security market listed 118 companies which divided into three sectors, financial, services and industrial. The students are required to choose one company from industrial sector and get a copy the financial statements (Income Statement, Owners Equity Statement and Balance Sheet) of 2020. The students are required to answer the following questions by using the financial statements and by checking the integrated notes from the financial report: 1. General Appearance introduction, financial reports and conclusion). 2. In brief define the role of accounting in any organization. (1 mark) (1 mark) 3. List all the financial statements and explain briefly the purpose of each statement (1 mark) 4. Which format of Income statement is used, single step or multi-step income statement? Briefly discuss the difference between the two type of Income statement. (2 marks)