Total Points: 50 FINAL PROJECT PMBA804-FINANCIAL ACCOUNTING PROJECT GUIDELINES 1. Present your project to the class and each member will present a part. 2. Document must use double spaced A4 pages, Times New Roman fomated as balanced. 3. Marks will be awarded based on the rubrics attached to this document. Project Questions 1. Define International Financial Reporting Standards (IFRS) and How widespread is the adoption of IFRS around the world? (5 marks) 2. Match the items below by entering the appropriate letter in the space. (10 Marks) LP General Contato 5 Me H eddon ander Carte d Bod ystodish BERS 3. Ilustrate the cash flow statement's performa. Clearly mention the three activities of cash flow statement. (5 Marks) 4. The data below shows the Comparative Balance Sheet and Income Statement for Zarpha Textiles for the periods 2018 and 2019. a. Using the below financial statements, determine the following; and indicate whether it is a source of cash or use of cash. (8 Marks) b. Using the data below, provide the necessary values in the 2018 Statement of Cash flow. Use the format provided below. (12 Marks) Balance Sheet ASSEIS Cash and Equivalents Short Term Investments Accounts Receivable Inventories Total Current Assets 2018 28.00 5.00 100.00 500.00 633.00 2017 12.00 30.00 85.00 580.00 707.00 Net Plant and Equipment 900.00 650.00 Total Assets 1,533.00 1,357.00 LIABILMES AND EQUITY Accounts Payable Notes Payable Accruals Total Current Liabilities Long-Term Bonds Total Liabilities 30.00 80.00 25.00 135.00 300.00 435.00 10.00 35.00 22.00 67.00 400.00 467.00 Preferred Stock (400,000 shares) Common Stock (50,000,000 shares) Retained Earnings Total Common Equity Total Liabilities and Equity Income Statement 50.00 130.00 918.00 1.098.00 1,533.00 50.00 130.00 710.00 890.00 1.357.00 2018 1,500.00 900.00 600.00 60.00 2017 1,200.00 870.00 330.00 80.00 Net Sales Operating Cost Excluding Depreciation and Amortization Earings before Interest, Taxes, Depreciation, and Amortization (EBITDA) Depreciation Amortization Earnings before Interest and Taxes (EBIT or Operating Income) Interest Earnings before taxes (EBT) Taxes (40%) Net Income before preferred dividends Preferred Dividends Net Income 540.00 10.00 530.00 21200' 318.00 10.00 308.00 250.00 25.00 225.00 90.00 135.00 10.00 125.00 Common Stock Dividends 100,00 5. Each group needs to prepare the slides for their work and present in the class (10 Marks) Format of Cash Flow Statement Cash Flow Statement Zarpha Textiles For the Year End December 31, 2019 Cash Flow From Operating Activities Net Income Before dividends Non Cash Adjustments: Depreciation and Amortization Change in accounts receivable Change in Inventories Change in accounts payable Change in Accruals Cash flow provided by Operating Activities Cash Flow From Investing Activities Investment in Assets Short Term Investment Cash flow provided by Investing Activities Cash Flow From Financing Activities Change in Notes Payable Change in Bonds Payment of Dividends Cash flow provided by Financing Activities Net Change in Cash Cash at the Beginning of the Year Cash at the End of the Year
