Accounting Question

i want to answer only questions 1,9,11 from this group assignment.

I will provide the sheet and the the pdf where you will use the info from.

COLLEGE OF BANKING AND FINANCIAL STUDIES
DEPARTMENT OF UNDERGRADUATE PROGRAMME
B.Sc. in Accounting, Auditing and Finance/BAAF
Bachelor of Business Administration (Marketing, Management and HR)
Group Assignment
Weightage: 30%
Student Name & ST Number
1.
2.
3.
4.
5.
Semester
1
Fall 2024-25
Assignment Title
Financial Statement Analysis
Module
Financial Accounting 1
UG036
Assessor:
Start Date:
Release : week
7(03.11.2024)
Formative Submission:
Week 9 (17.11.2024)
Summative Submission:
Week 12(08.12. 2024)
Presentation : Week 14
Internal
Verifier
Due Date:
Dr. Yasmeen Ali Al Balushi
Dr. Mohammed Ali
Dr. Lakmal Hettiarachchi
Mr. Moharanjithan
Dr. Roslin
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FA 1 Group Assignment Fall 2024-25
Required Work, Format and Grading
You must submit the following by the assignment due date:
▪ Completed answers to each task, making sure that you fully address each of the outcome criteria.
▪ Answer all questions separately.
▪ Assignments without TURNITIN report will not be accepted.
Resources:
You need to demonstrate a confident application of the theories to the assignment task. The theoretical
underpinning of your observations and deliberations should also demonstrate a good understanding of the
subject by the way that your analysis is structured.
You can access the Internet to research about the topic. You should demonstrate good academic practice
by the appropriate use of academic texts and journals that are properly referenced.
Guidelines and further information about the assignment:
The assignment must be submitted with the “Turnitin” report. If the report generated indicates a
similarity index percentage of 20% or more, a review of your assignment is necessary to ensure the
same is reduced to less than 20%.
Student declaration:
I certify that the work contained in this assignment was researched and prepared by me:
Signature: ___________________________
Date: ___________________
THE ASSIGNMENT WILL BE SUBMITTED to the MS.TEAMS
The user ID and Password for submitting the soft copy of the report through
TURNITIN is as follows:
Morning Batch 4
Class ID: 46212941
Enrolment Key:FAMB4
You should submit the assignment by the time and date mentioned otherwise a ‘NA’ will be awarded.
Fill in the form cover and staple it with your assignment. Make sure that all the relevant details are
complete. Assignments must be submitted by the due date. You may include diagrams, figures etc
without word penalty.
Plagiarism Writing
1. Plagiarism occurs if you use somebody else’s work in an assignment or exam answer, but fail
to state where you got the material from. You need to be also very careful about the amount of
words you are using from somebody else’s work.
2. It can happen in any type of assessment where you are given the questions or tasks in advance.
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FA 1 Group Assignment Fall 2024-25
3. If another student uses your work in his/her answer(s), both you and he/she will be punished
when caught.
4. Punishments for committing plagiarism can be very severe.
Details
Plagiarism is a form of cheating in which students use the work of others and present it as their own. It
may include all or any one of the following –
1. Copy extensively from the work of others (from sources such as books, magazines, journal,
web-sites etc) and submit the work as your own.
2. Copy another students’ work and submit it for assessment under your own name.
3. Allow another student to copy your work and then submit it for assessment under their own
name.
What happens if you get caught?
The examining body of CBFS may punish offending students in any manner that they deem fit. Typical
punishments may range from reduction in grades, making students re-sit modules and even failing
students on a module or an entire award. The college considers this form of cheating as a serious offence.
Therefore , be forewarned!
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FA 1 Group Assignment Fall 2024-25
LO 2
Demonstrate knowledge and understanding of various accounting concepts and conventions
and its importance for the preparation of financial statements.
LO 4
Demonstrate the elements of various financial statements and construct Income Statement
and a Statement of Financial Position for a merchandising business.
Important Instructions:
✓ It is a group assignment.
✓ Total marks: 30 (20 marks for report & 10 marks for presentation).
✓ Attach a copy of the “Financial Reports” (Income Statement, Balance Sheet, and Cash
Flow) along with your completed assignment.
✓ Register the name company which you have chosen for this assignment with your teacher
during weeks 4 and 5, same company cannot be taken by more than one group.
✓ Write your name and put your signature in the boxes at the top of this page.
✓ You should write your answers clearly and show relevant workings.
✓ Use Times Roman / Arial font of 12 size, 1 ½ spacing.
✓ Calculations and references, please ensure that your answers include all relevant
information, data etc.
✓ Downloading information and pasting it into the assignment is prohibited.
✓ Plagiarism is an academic offense. Avoid plagiarism.
✓ Assignment word limits – not applicable
✓ Draft checking is allowed only once for every assignment and generic feedback will be
provided.
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FA 1 Group Assignment Fall 2024-25
Assignment- – Financial Statement Analysis (30 marks)
Students’ Guide
Step -1: Choose any one company from Muscat Stock Exchange (MSX)
Example: A SAFFA FOODS and get its published financial statement for the financial period
2024-2023
from
the
Muscat
Stock
Exchange
(MSX)
Website
(https://www.msx.om/default.aspx), where you find “Financial Reports” icon at the bottom of
screen.
Step -2: Using the financial reports answer the following questions:
1. Brief introduction about the company? (1 Mark)
No. of Employees :
Company Name :
Mission of the company:
Established :
Principle activities :
Vision of the company:
Head office Location:
Branches :
2. List various items (only account heads, no need to write figures) that appear under the
following categories: (5 Marks)
Category
a)
List of Assets
b)
List of Liabilities
c)
Owners’ Equity
d)
List of Revenues
e)
List of Expenses
Account Names
3. Develop a basic “accounting equation” (Assets= Liability + Owner’s Equity) for the year
2022 & 2023. (1 Mark)
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FA 1 Group Assignment Fall 2024-25
4. Calculate “Net Profit/Net Loss” of the company for the years 2022 & 2023 by using the
“Simple Income Statement” format that you learned in the class. (1 Mark)
5. “Company’s net income appears directly on the income statement and the owner’s equity
statements, and it is included indirectly in the company’s balance sheet”. Do you agree?
Explain how the net income is shown in the Balance Sheet. (1 Mark)
6. What is the total assets value of the company during 2022 and 2023? Provide calculation
(2 Marks) and why this is figure important.
7. What is the total Liability value of the company during 2022 and 2023? Provide calculation
(2 Marks) and why this figure is important.
8. What is the total Owner’s Equity value of the company during 2022 and 2023? Provide
calculation (2 Marks) and why this figure is important.
9. What is the accounting period of the company? (0.5 Marks)
10. Where did cash come from? (1 Mark)
11. What was cash used for? (1 Mark)
12. Review the footnotes to the financial statements. What additional information do they
provide? How can this information impact the analysis? ( 0.5 marks)
13. How would you evaluate the performance of the business during the year 2022-2023? (1
Mark).
14. Based on the financial analysis, what recommendations would you make to the company’s
management or investors? (1 Mark).
15. The examiner/lecturer will conduct a presentation on this report to check its authenticity.
Learners are required to prepare a PowerPoint presentation consisting of 10 – 12 slides and
submit it on Turnitin before the presentation. (10 Marks)
————————–End of Assignment—————————-
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FA 1 Group Assignment Fall 2024-25
Marks/Grades
Criterion
Knowledge
50%
90-100
A
Shows wellcoordinated
understanding
of subject
85-89
ASound
understanding
of subject
matter
74-84
B
Major facts
are
understood
56-73
C
Shows
understanding
of basic
issues/theory
55-55
D
Minimal
understanding
of basic
issues/topic
Analysis 20%
Touches upon
all relevant
issues/theory.
Concise
analysis
Reasoned
argument and
sequencing
Shows evidence
of
understanding
of concepts.
Coverage of
obvious ideas.
Fails to identify
subtle
issues/theory.
Captures
obvious ideas.
Research 10%
Excellent
referencing
and reading in
all areas
Appropriate
referencing
Adequate
referencing and
reading.
Weak reading
and referencing
Poor
referencing.
Shows lack of
reading/referenc
es out of date
Relevance 10%
All material
used is of
relevance
Detailed
coverage of
basic
concepts/theor
y. Reasonable
coverage of
subtle
issues/theory
Use of up-todate resources.
Well informed
and generally
accurate
information
provided.
Material used
is relevant
Some material
repetitive
Some repetitive
matter.
Irrelevant
No relevance to
subject matter
Conclusion 10%
Excellent
conclusion.
Brings
together all
concepts and
adds an
original
perspective
Discussion
shows
relationship to
theory
Methods
incorporate
modifications
used
Conclusion in
place but key
points missing.
Reasonable
application of
knowledge
Weak
conclusion and
content.
Satisfactory
application of
ideas/theory
Poor
conclusion.
Poor knowledge
application.
Intelligent
conclusion.
Good
application of
knowledge
0-49
F
No
understanding
of the
topic/subject
area
No or minimal
understanding
of the key
theories/topic
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FA 1 Group Assignment Fall 2024-25
GENERAL RUBRIC FOR PRESENTATION FOR UG PROGRAMMES
Levels 5, 6, 7 and 8
Marks/Grades
Criterion
Delivery
25%
Methods
25%
Structure
25%
Content
25%
90-100
A
Shows
wellcoordinated
delivery
with
confidence
Creative
quality of
PPT slides
85-89
ASound
coordinated
delivery
with
confidence
Shows
wellcoordinated
logical
structure &
flow
Shows
wellcoordinated
evidence of
coherent,
insightful
&
explicitly
relevant
answer to
the
question
Sound
logical
structure &
flow
Sound
quality of
PPT slides
Sound
evidence of
coherent,
insightful &
explicitly
relevant
answer to
the question
74-84
B
Some
evidence of
coordinated
delivery
with
confidence
Some
evidence of
quality of
PPT slides
Evidence
of logical
structure &
flow
56-73
C
Basic
coordinated
delivery
with
average
confidence
Shows
basic
quality of
PPT slides
Shows
basic
logical
structure &
flow
55-55
D
Minimal
coordinated
delivery
with limited
confidence
Some
evidence of
coherent,
insightful
&
explicitly
relevant
answer to
the
question
Shows
basic
coherent,
insightful
&
explicitly
relevant
answer to
the
question
Minimal
evidence of
coherent,
insightful &
explicitly
relevant
answer to
the question
Minimal
evidence of
quality of
PPT slides
Minimal
logical
structure &
flow
0-49
F
No evidence
of
coordinated
delivery
with low
confidence
No evidence
of quality of
PPT slides
No evidence
of logical
structure &
flow
No evidence
of coherent,
insightful &
explicitly
relevant
answer to
the question
All the best!!!
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FA 1 Group Assignment Fall 2024-25