You are requested to browse the internet to nominate ONE international and ONE UAE national large company from each of the following industries: IT, manufacturing, bank, and sports club (you'll have 8 companies). Then, obtain the financial statements of the selected companies for three consecutive years within (2015-2022), or any three years within the same period. Example: IT Industry Manufacturing Bank Sports Club UAE Etisalat Emirates Aluminum First Abu Dhabi Bank Al Ain Football Club International Microsoft Toyota HSBC FC Barcelona Requirement: 1. Extract the net profit of each company 2. Calculate the percentage of (intangible asset / total assets) for the 03rd year 3. Calculate the percentage of (tangible assets/total assets) for the 03rd year 4. Identify the highest revenues across the selected three years 5. Compare your answers in (2), (3), and (4): a. UAE vs. International companies b. Across the four industries 6. Extract the cash flows from "operating activities" of both manufacturing and IT companies for the three years. 7. Explain in brief (conceptually) the importance of each of the following: a. The accounting equation b. The journalizing process c. The posting process d. The trial balance e. What is the purpose of a general ledger? f. What is the difference between "cash accounting" and "accrual accounting"?

You are requested to browse the internet to nominate ONE international and ONE UAE national large company from each of the following industries: IT, manufacturing, bank, and sports club (you'll have 8 companies). Then, obtain the financial statements of the selected companies for three consecutive years within (2015-2022), or any three years within the same period. Example: Requirement: 1. Extract the net profit of each company 2. Calculate the percentage of (intangible asset / total assets) for the 03rd year 3. Calculate the percentage of (tangible assets / total assets) for the 03rd year 4. Identify the highest revenues across the selected three years 5. Compare your answers in (2), (3), and (4): a. UAE vs. International companies b. Across the four industries 6. Extract the cash flows from "operating activities" of both manufacturing and IT companies for the three years. 7. Explain in brief (conceptually) the importance of each of the following: a. The accounting equation b. The joumalizing process c. The posting process d. The trial balance e. What is the purpose of a general ledger? f. What is the difference between "cash accounting" and "accrual accounting