Financial Accounting
Assignment Semester 2 2014
DUE DATE: Please contact your lecturer
You are working in the Investment Advice section of the strategic planning department of a major organization. Your organisation is considering the Malaysia equities market.
Management have called a meeting of you and your colleagues, and during the meeting have discussed the effects of the legal need of public listed corporations to conform to the Malaysian Financial
Reporting Standards. They have asked you and your colleagues to sample a selection of ASX listed companies, and establish the extent to which companies comply in detail with the spirit of the law.
Management are curious about the compliance in regard to several particular areas of the Standards, in particular, leasing, liabilities, and earnings per share, intangibles, tax effect accounting, and segment activities. Management however believe that as an indicator, only up to four of these need to be investigated. Required:
Your assignment is to complete a report to management in this regard.
You are to form into groups of three or four for the submission of this assignment
Three weeks before due date, you may commence testing your assignment for originality (30%) on
TURNITIN which will be available on VU Collaborate.
You are required to select two companies from the Bursa Malaysia. Click on the following URL for
Bursa Malaysia list of listed companies.
http://www.bursamalaysia.com/market/listed-companies/list-of-companies/main-market You are then to obtain copies of those companies¡¯ latest annual reports and investigate three areas if there are 3 members in your group, otherwise four of the following areas: 1. Review the most recent financial statements of two Malaysian firms from different industries.
Analyse, compare and discuss both firms¡¯ disclosure of leasing to explore both firms¡¯ compliances with relevant Malaysian Financial Reporting Standard and support your arguments using