Step -1

You have to choose any one business organization from the Websites of UAE Stock Exchanges (www.nasdaqdubai.com) or (www.adx.ae) or (www.dfm.ae). Then get its published financial statement for the financial period 2016. (Attach the copy of the financial statement along with your completed assignment). The company selected by the one group should not be repeated by another group in the class.

Step -2

From those statements you have to answer the following questions:

1- Brief introduction about the company? ( 2 Marks )

Company Name :	No. of Employees :
Established :	No. of Emirati Employees :
Principle activities :	No. of Non - Emirati Employees :
Branches :	Head office Location:

2- List various items appear under the following categories: (5 Marks)

a- Assets

b- Liabilities

c- Owners' Equity

d- Revenues

e- Expenses

- What is net income AED of the company during 2016? Provide calculation (1 Mark).

- A companys net income appears directly on the income statement and the owners equity statements, and it is included indirectly in the companys balance sheet. Do you agree? Explain how net income is shown in Balance Sheet. (1 Mark)

- What is a total assets value of the company at the end of 2016? Provide calculation (1 Mark)

- What is a total Liabilities value of the company at the end of 2016? Provide calculation (1 Mark)

- What is a total Owners Equity value of the company at the end of 2016? Provide calculation (1 Mark)

- What is the accounting period of the company? (1 Mark)

- Which method the company uses in inventory costing? (periodic or perpetual)

(1 Mark)

- Which method the company uses to compute depreciation for Plant Assets?

(1 Mark)