AFNR315 -Advanced Financial Reporting

Task:

You are required to work on this project in syndicate groups of three or four students. Each group member is expected to contribute information for the final single report. Each group will be asked to prepare a report on the differences between recognition of revenue, assets, liabilities of a manufacturing company and an extractive (mining) company. Details of the report will be discussed in Week 2. 

Assessment Description:

Students are required to work in a group of 3 – 4 students to prepare this written report. Students must register for their group with the lecturer within the first three weeks of the trimester and will not be allowed to change group members afterward. Each group is to choose four stock exchange listed companies, two of which must be from manufacturing company and the other two must come from mining industry. Group members will then obtain the latest available annual report for each of their companies from the internet. Groups will be asked to submit a group report that analyses and compares the four companies on several accounting issues to be advised later.

1.You have to be prudent and pragmatic on selecting the companies. They have to be large, substantial and must have available information for desk research. You are required to explore and collect information on the companies to complete this assignment. Substantial desk research is also required for this written report. It is highly expected from you to demonstrate the following perspectives in your report:

a. Introduction of the two selected companies

? Company’s name

? Establishment year

? Main activities

? Products or services

? Organizational structure

? Business achievement

b. Compare and contrast the revenue recognition of those companies

c. Compare and contrast the assets recognition of those companies

d. Compare and contrast the liabilities recognition of those companies

Note: The assignment marking guide is provided at the end of the document to guide students on this group business repor