ACN 301 ASSIGNMENT SUMMER 2020 SEC 2 - INDEPENDENT UNIVERSITY BANGLADESH SCHOOL OF BUSINESS ENTREPRENEURSHIP TERM ASSIGNMENT Trimester SUMMER 2020

ACN 301 ASSIGNMENT SUMMER 2020 SEC 2 - INDEPENDENT...

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Page 1 of 2 INDEPENDENT UNIVERSITY, BANGLADESH SCHOOL OF BUSINESS & ENTREPRENEURSHIP TERM ASSIGNMENT Trimester Course Code Course Title Section SUMMER 2020 ACN 301 INTERMEDIATE ACCOUNTING 02 Submission Date: 22ND SEPTEMBER 2020 Total Marks: 15 Instructor: Mr. Naheem Mahtab You are required to collect annual reports of the selected two companies for the years2018 and 2019.From the annual reports, you will be required to conduct an analysis of the Incomestatement, Balance Sheet and the Statement of Cash Flows.While analyzing the income statement, the following area needs to be addressed.1.Make a compliance list of IASs and IFRSs related to the studied companies’ Incomestatement. Your presentation should provide a comparative picture of the twocompanies under your review.2.How did the studied companies evaluate inventories (lower of cost or marketvalue)? Which cost flow method: LIFO, FIFO, weighted average was used by thecompanies? Mention page number with section/ sub-section number of relevantdisclosures made in the concerned annual report. Calculate inventory turnover

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