ACT 3114 – Financial Accounting and Reporting II

Sem 2 2017/2018
Group Assignment – Companies’ Disclosure.

Objective: Assess students’ ability to apply knowledge of selected standards (MFRSs) and assess
their analytical and critical thinking ability in evaluating companies’ compliance.
Task:
In a group of 4 or 5, you are required to do the followings:
a. Choose two companies listed in Bursa Malaysia. Each company must be from different sectors.
You may choose from these sectors: Trading/Services, Consumer Products, Plantations,
Properties, Constructions, Hotels, Mining and Technologies.
No two groups should report on the same companies.
b. Choose two standards from the following list to be applied to the chosen companies:
MFRS 9: Financial Instruments
MFRS 13: Fair value Measurement
MFRS 108: Accounting Policies, Changes in Accounting Estimates and Errors
MFRS 110: Events After the Reporting Period
MFRS 116: Property, Plant & Equipment
MFRS 120: Accounting for GG & Disclosure of Government Assistance
MFRS 123: Borrowing Costs
MFRS 136: Impairment of Assets
MFRS 137: Provisions, Contingent Assets and Contingent Liabilities
MFRS 138: Intangible Assets
MFRS 139: FI: Recognition & Measurement
MFRS 140: Investment Property
MFRS 141: Agriculture
c. Review and evaluate their annual reports specifically on disclosure.
d. Give comment on the companies’ disclosure on the selected standards in (b) above.
The Report and Presentation:
a) The report should include, but not limited to, the followings:
a. Introduction to the report
b. Introduction to the selected companies
c. Introduction to the selected standards
d. Review of the disclosure by the companies on the selected standards. It should include
references to paragraphs from relevant MFRSs.
e. Evaluate and give comment on their compliant with the disclosure requirements.
f. Conclusion of the report
g. Copies of selected disclosure discussed.
h. References where necessary.
Focus will be given to point (d) and (e) above.
b) You will be assessed on: overall structure of the report; writing skill and analytical skill.
c) The report should not be more than 15 pages, excluding the front page, end references and
copies of the selected disclosures.
d) The completed reports should be submitted by Friday, 25th May 2017 – before 12.00 noon.
e) Please refer to your lecturers for presentation schedule and management.
Note: Plagiarism is a crime. You are stealing someone else’s idea and claiming it to be yours. You
should have proper referencing within your write up and at the end of your report. If you are caught
practicing it, you will be awarded a ‘zero’ automatically for this assignment.

ACT 3114 – Sem 2 2017/2018 ©