- Type of paper Research Paper
- Subject Accounting
- Number of pages 2
- Format of citation Harvard
- Number of cited resources 2
- Type of service Writing
please read assignment instructions
Company Name: SAMSUNG
Structure OF Report:
a) Financial Analysis on
· Contingent liability,
· method of depreciation used,
b) Effect on the Earning per share (EPS) due to all the issues like, S7 blast, washing machine blast & bribery case.
This assignment is all about finding CRITIC in the company’s annual report. You are supposed to find mistakes in the annual report. Comparing all three annual report, finding mistakes either in 2017 or 2016 or 2015. Comment at each section if Samsung is been true and fair their report. If nothing is found in a particular section of the structure, is it okay. But this report should at least include 60% of critic, if not more. Please remember to include snapshots of all proof you find in your report.
You are suppose compare each structure especially the first one (the conceptual framework) to the AASB Standards (http://www.aasb.gov.au/admin/file/content105/c9/ACCED264_06-15.pdf)
to see if its matches. And comment on your findings.
Also you are to compare the annual reports with what the outside opinion says or thinks. Examples are below:
Example 1: in 2016 , Samsung had a recall of all note 7 due to explosion, and the share prices fell, and all outside opinion, news agencies reported they will make a loss in revenue or profit, compare this opinion with the annual report of that year, and see if the accountant recorded the loss or profit for that year.
Example 2: depreciation method, check what depreciation method is been use by the company, and compare it to the AASB standards if it the same.
Example 3: check the news for any going or past legal matter and see if its been reported in the annual report of the year under contingent liabilities
Example 4: suitability report, compare it to what outside people are saying, news, see if Samsung a causing harm to the society by dumping waste on the environment, rather than what they have reported in their annual report.
Other examples that you can look into are: Fair Value, Faithful representation of Property, plant Equipment, corporate governance, lease, intangible assets, and recognition of liabilities, social responsibility, reputation.
If you can find any errors outside this you can include it in your report, Just follow the AASB Standards. Include the section of the AASB Standards that is in contradiction with any part of the annual report in your report by quoting or referencing that particular area so as to avoid plagiarism.
-Word limit: 2000-2500 words (±10%) (excluding reference list)
-The response should be professionally presented in Arial 10pt or Times New Roman 12pt, single space.
-Harvard (Anglia) style referencing.