Part A:
1. Outline your company's main business activities and industry segments as an introduction to your company.
2. Does your company report Share Capital/Contributed Equity, and what are the components of it? Explain these components/different categories, how they have been created. Discuss the changes that have occurred to Share Capital/Contributed Equity in the past two years. What events have caused such changes?
3. Does your company reports Reserves, and what are reserves generally? What reserve accounts does your company disclose? How are they created? What changes does each of them have in the past two years? What might have caused those changes? If your company does not report any reserve accounts, you should outline and explain 4 different types created by specific accounting standards.
4. Does your company report Retained Earnings/Retained Profits/Accumulated Loss, and what does it mean? What changes does it have in the past two years? What events have caused it to change?
Part B:
1. What is your firm’s tax expense in its last two years’ financial statements? Is this figure each year the same as the company tax rate times your firm’s accounting income? Explain why this is, or if not, the case for your firm.
2. Is your company part of a consolidated group? Does it have subsidiaries or associates? Explain your view. Why or when does a company need to prepare consolidated financial statements?
3. Does your company record any goodwill? Where would you find it in the financial statements? What events have occurred, or could have occurred, for this account to appear in the financial statements?
FORMATTING:
Format should be a simple word document, identifying each question and related response. The document is not an essay or report, but should be correctly referenced.