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Top Glove Corporation Berhad (TGCB) is a leading rubber glove manufacturer. Your team is preparing TGCB's performance report for a client interested in buying its

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Top Glove Corporation Berhad (TGCB) is a leading rubber glove manufacturer. Your team is preparing TGCB's performance report for a client interested in buying its shares. During a team discussion, your team members examined the 2021 Annual Report of TGCB and raised many random questions about its financial statements. The report is in the Supporting materials folder. They asked the following questions: i. Peter asked if the list of assets in TGCB's Statement of Financial Position was comprehensive. Could there be any omissions? (5 marks) ii. Wendy wondered if the figure shown under equity in the Statement of Financial Position accurately reflects TGCB's true worth. (5 marks) iii. Hook wanted to know why the amount of profits in the statement of profit or loss and cash balance in the financial statement differed. (5 marks) iv. Michael noticed that TGCB reported a negative net cash flow from investing (for Group). He asked if it was a regular thing. ( 5 marks) Provide your response to all the above questions. Support your explanation using the concepts and knowledge you have learned in this unit, particularly on the characteristics of assets, the limitations of the statement of financial position, the accrual accounting principle and the cash flows. Relevant examples are required. (Word limit: 100 words or less for each question) Top Glove Corporation Berhad (TGCB) is a leading rubber glove manufacturer. Your team is preparing TGCB's performance report for a client interested in buying its shares. During a team discussion, your team members examined the 2021 Annual Report of TGCB and raised many random questions about its financial statements. The report is in the Supporting materials folder. They asked the following questions: i. Peter asked if the list of assets in TGCB's Statement of Financial Position was comprehensive. Could there be any omissions? (5 marks) ii. Wendy wondered if the figure shown under equity in the Statement of Financial Position accurately reflects TGCB's true worth. (5 marks) iii. Hook wanted to know why the amount of profits in the statement of profit or loss and cash balance in the financial statement differed. (5 marks) iv. Michael noticed that TGCB reported a negative net cash flow from investing (for Group). He asked if it was a regular thing. ( 5 marks) Provide your response to all the above questions. Support your explanation using the concepts and knowledge you have learned in this unit, particularly on the characteristics of assets, the limitations of the statement of financial position, the accrual accounting principle and the cash flows. Relevant examples are required. (Word limit: 100 words or less for each question)

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