ACCOUNTING PRINCIPLES-W/WILEYPLUS
14th Edition
ISBN: 9781119707158
Author: Weygandt
Publisher: WILEY
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Identify any Two (2) Public Listed Company listed under the Main Market of Bursa Malaysia originating from the same industry. Download the most recent annual report of the companies you have chosen. Analyze and compare the annual reports and critically assess the difficulties in preparing a set of useful financial statements, which exhibits all the primary qualitative characteristics necessary for all users of financial statements( E.g. Comparability ). How well do you feel that your chosen companies have achieved this purpose ?
( Minimum 1200 words )
• Identify a company, business, or organization in your community (it can be one for which you work), and share some
examples of current and long-term liabilities for that company. Reflect on the financial statement presentation
requirements for the company's current and long-term liabilities. Based on what you have learned, what changes
would you make, if any? Why, or why not?
You were asked to make a presentation to a group of CSEC students on some areas
related to non-profit making organisations. The specific areas are:
i difference between accounts for non-profit and for-profit organisations
11. examples of non-profit organisations in your country
111.
an explanation of the use of a subscription account
iv. preparing a subscription account from given data
For your presentation, research (i), (ii), (iii) and use the data below to complete (iv).
A drama club charges its members an annual subscription of $40 per member. It accrues
for subscriptions owing at the end of each year and also adjusts for subscriptions received
in advance.
i.
ii.
111.
On January 1, 2022, 36 members owed $720 for the 2021
year
In December 2021, 8 members paid $160 for the year 2022
During the year 2022 the club received cash for subscriptions $$14,840
$720
$13840
$280
iv. At the end of December 31, 2022, 11 members had not paid their 2022 subscriptions.
For 2021
For 2022
For 2023
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