Consolidated Financial Statements

No plagiarism, and if there is put references

Group Project
Students are required to complete a Final Project about ACCT364(1). The aim of this project
is to help students in improving their research, communication, and teamwork skills.
More specifically, students are required to download the annual report for a Group
listed company on The Saudi Stock Exchange (Tadawul) for the year 2023. All work
should be prepared in consideration of the concept of consolidation.
The main tasks are: 1) To provide information about the structure of annual report; and
2) To provide information about the accounting policies and
standards adopted in preparing the financial statements.
Learning outcomes:
The main purpose of this project is to help students achieving the following learning outcomes:
•
Demonstrate ability to work in teams.
•
Demonstrate understanding of the relevant International Financial Reporting Standards.
•
Demonstrate ability to communicate effectively in writing and orally.
International Financial Reporting Standards (IFRS) (examples):
•
IFRS 3
•
IFRS 13
•
IAS 28
•
IFRS 10
•
IAS 21
•
Others
Requirements:
➢ Select two listed companies from the Saudi Stock Market
➢ Select accounting standards related to topics on consolidation & foreign currency
transactions and financial statements translation (see examples above).
➢ Discuss and write a summary on how the selected companies applied the selected
standards in their consolidated financial statements of 2023.
➢ Present the project using Microsoft PowerPoint (see the assessment on page 4)
•
•
•
•
Instructions:
Students can finalize the project within groups of two.
Each group should have one leader, who is able to manage the group and communicate with
the instructor on a weekly basis.
Only one copy of the work done should be submitted by the group leader on behalf of the
group.
The report will be checked by text-matching (similarity) to check the work originality.
Page 2 of 4
The Project Structure
The Organization of the project report:
The structure of your report should include the following sections:
• Introduction
This section contains a summary about the entire report. It provides a brief summary and
introduction of what is included in the report in relation to the selected standards and the
selected companies.
• Body
This section is divided into several subsections according to the selected companies &
standards. It also contains a brief information about the companies including background on
their industry and their business operation. In addition, a thourough information about the
selected standards including (the standard’s definition and disclisure requirements). In this
section, an explaination should be provided whether the standard’s disclosure have been
partially or fully adopted by the company, with clear justifications behind partial disclosure, if
available information are provided.
• Conclusions
The conclusion brings together the main points of the report. It refers back to the key findings
which leaves the reader with a final thought and sense of full understanding by clarifying the
ideas brought up in the report. It may also adress the student(s’) opinion and thoughts a
concluding point. In the conclusion section, new topics or ideas that were not addressed in
the main body should not be introduced.
• References :
List all references that you have used to obtain data and information from various resources
(e.g. books, articles, internet websites, company’s records & reports or any publications, etc.).
Example:
1. Books
Schiffman, L.G. & Kanauk, L.E (2007). Consumer Behavior, New Jersey, Prentice Hall Co.
Quotah , M. and El aasi, S. (2008) How to write a Report. Jeddah, Jarir Co.
2. Articles
Monacelli, T. (2001) New International Monetary Arrangements and the exchange Rate.
International Journal of Finance & Economics, Vol 6 (4) PP. 389 – 400
3. Electronic Sources (WWW document)
Monacelli, T. (2001) New International Monetary Arrangement and the Exchange Rate.
International Journal of Finance & Economics, Vol 6 (4) PP 389 – 400.
[online]. Available from: http:// Proquest. Umi.com/pg dwebs
Page 3 of 4
Report Assessment
Performance
Factor
4
3
2
Grade
Obtained
1
1) Organization
Information is very
organized with
well-constructed
paragraphs and
subheadings.
Information is
organized with
well-constructed
paragraphs.
Information is
organized, but
paragraphs are not
well-constructed.
The information
appears to be
disorganized.
2) Language
No grammatical,
spelling or
punctuation
errors
Almost no
grammatical,
spelling or
punctuation errors
A few grammatical
spelling or
punctuation errors
Many
grammatical,
spelling, or
punctuation
errors
The introduction is
inviting, states the
main topic and
previews the
structure of the
paper.
The introduction
clearly states the
main topic and
previews the
structure of the
paper, but is not
particularly inviting
to the reader.
3) Introduction
4) Main content
5) Quality of the
content
6) Referencing
7) Conclusion
8) Presentation
All topics are
addressed and all
questions answered
with at least 2
sentences about
each.
Information clearly
relates to the main
topic. It includes
several supporting
details and/or
examples.
All sources
(information and
graphics) are
accurately
documented in the
desired format.
All topics are
addressed and
most questions
answered with at
least 2 sentences
about each.
Information clearly
relates to the main
topic. It provides 12 supporting
details and/or
examples.
All sources
(information and
graphics) are
accurately
documented, but a
few are not in the
desired format.
The introduction
states the main
topic, but does not
adequately
preview the
structure of the
paper nor is it
particularly inviting
to the reader.
All topics are
addressed, and
most questions
answered with 1
sentence about
each.
There is no clear
introduction of
the main topic or
structure of the
paper.
One or more
topics are not
addressed.
Information clearly
relates to the main
topic. No details
and/or examples are
given.
Information has
little or nothing
to do with the
main topic.
All sources
(information and
graphics) are
accurately
documented, but
many are not in
the desired format.
Some sources
are not
accurately
documented.
The conclusion is
strong and leaves
the reader with a
feeling that they
understand what
the writer is
“getting at”.
The conclusion is
recognizable and
ties up almost all
the loose ends.
The conclusion is
recognizable but
does not tie up
several loose ends.
There is no clear
conclusion; the
paper just ends.
Well-rehearsed. No
pronunciation
errors or other
mistakes.
General level of
rehearsal. Few
pronunciation
errors or other
mistakes.
Acceptable level of
rehearsal. Some
pronunciation errors
or other mistakes.
Low level of
rehearsal.
Numerous
pronunciation
errors or other
mistakes.
Total Grade
Page 4 of 4