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بتاريخ:

الســـــــــــــــلام عليكم ورحمة الله وبركاتة:

عندي واجب محاسبة مالية با اللغة الانجليزية وعندي بعض المسائل او اجه فيها صعوبة ممكن المسا عدة ضررروري لو سمحتو ؟؟ تسليم واجبي خلال يومين:(

Q.2: The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about current events, professional accounting organizations, and specific companies that may support your study.

Instructions:

a- Access the FASB Internet site (www.fasb.org). Look under the category ‘About FASB’. Identify five key points about the role of FASB for developing the accounting profession. (10 Marks)

b- Visit the home page of the NEXT Company at: www.next.co.uk. From Next’s home page and then ‘The Company’, access the company’s most recent annual report. Calculate the ratios of: current ratio and debt ratio from ‘The Consolidated Statements’ for the annual years to January 2009 and 2008. Show your work in calculating these ratios. Write a brief statement describing what you have learned about the company’s liquidity.

Internet sites are time and date sensitive. It is the purpose of this exercise to have you explore the internet. You may need to use the Google! Search engine http://www.google.com (or another favorite

search engine) to find a company’s current web address. (20 Marks

Q.3: “A debate between you ‘as an Accountant’ and one of your friends(55 Marks)

1- One of your friends told you that as he was reading the news papers, he saw which is called ‘The Financial Statements’ of one of the public sector corporations, and he said: ‘as you are an accountant I want you to give me explanations to some of questions about these statements please’:

a- The value of the buildings and lands is very low, and that is not considered as the current market value as it is today. Do you think that? And is there a reason for that? (10 Marks)

b- These statements were prepared for an accounting period ended June 30, 2009, so what does it mean? And are these statements prepared every year? And for why all these efforts and costs for preparing these statements? And why at the end of June? And when did this accounting period start? (5 Marks)

2- I noticed my friend added the following, while I was reading the financial statements:

a- The assets and liabilities are arranged in groups, think they are similar, and is it right? And why? (10 Marks)

With these statements there is ‘The Auditor Report’, and it includes this paragraph: ‘In our opinion, the financial statements give a true and fair view in accordance with Generally Accepted Accounting

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