GROUP ASSIGNMENT.docx - FINANCIAL ACCOUNTING & REPORTING V...

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FINANCIAL ACCOUNTING & REPORTING V (UDE2006)UDE 20 SECTION 1DIPLOMA IN ACCOUNTINGSESSION 2021/2022GROUP ASSIGNMENTGROUP NUMBER: 6NAMEMATRIX NO1. MUHAMMAD NAQIB BIN MOH ZAIDUDE2000562. MUHAMMAD RUZAINI BIN BADRUL HISHAMUDE2000583. MUHAMMAD SYAZIROL BIN SUFIANUDE2000384. NADIINY A/P MANIMARANUDE2000627. NAJWA NADHIRAH BINTI MOHD NOR AZMANUDE2000658. NAWAL BINTI MOHAMED HEIKALUDE200066LECTURER’S NAME:MISS NAJIHAH BINTI ABDUL RAZAKDATE OF SUBMISSION: (28/10/2021)
TABLE OF CONTENTSCover Page.............................................................................................................................1Table of Contents....................................................................................................................2PART A1.0 Introduction.......................................................................................................................42.0 Discussions :A.Summarize..................................................................................................................6B.Reasons......................................................................................................................9C. Effects........................................................................................................................10D. Performance...............................................................................................................113.0 Recommendation.............................................................................................................124.0 Conclusion.......................................................................................................................135.0 References.......................................................................................................................13ACKNOLEDGMENT
In the name of Allah, the most Gracious and the Most Merciful,Alhamdulillah, with full gratitude to the Divine Majesty for His bounty to complete thisassignment, we tend to thank God for all the opportunities, strength, trials and blessing oftime, the life of energy given that is showered on us to complete the assignment. We arevery intimate throughout this process not just from the educational aspect but also from theaspect of personality. Our humblest feeling to the holy Prophet Muhammad (Peace be uponhim) whose method of his life has been an eternal steerage for us.Firstly, we would like to express our sincerest gratitude towards our esteemed lecturer,Miss Najihah, who’s guidance has helped us in completing this assignment. Without herassistance, finishing the assignment would not have been an easy task thus again weextend our deepest appreciation.Next, I would like to thank all of my groupmates for contributing their time and energytowards the completion of the assignment. Despite having the difficulties of having tocommunicate online, the group members displayed their dedication and managed to executetheir tasks. For example, we need to wait for each other to do some discussion.Lastly, we extend our deepest thanks to our family members and friends for theirunending support and motivation, which gave us the drive to complete this assignment.1.0 INTRODUCTION
Amazon was founded by Jeff Bezos in 1994 under the name “Cadabra”. In atestament to the importance of thoughtful branding, though, Bezos would change the namea year later to “Amazon” after realizing the original name’s phonic resemblance to the wordcadaver. At the time of its founding, Amazon sold only books. Within the first two months ofbeing online, though, Amazon was selling books in 45 different countries and generating arevenue of $20,000 a week.Even with initial success like this, Amazon’s slow growth frustrated many investors.The business plan for Amazon outlined that the company didn’t expect to be profitable forfour to five years and instead insisted that all of the company’s revenue be focused ongrowth and expansion. In 2000 though, when the dot-com bubble burst and killed off manyonline stores, Amazon was one of the only vital players left standing. This led the companyto turn its first profit in 2001 of $5 million.

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