حل واجب B291 حلول واجبات الجامعه العربيه المفتوحه 00966542495275

Arab Open University
B291: TMA – Fall Semester 2019-2020



About TMA:
The TMA covers the financial accounting concepts and practices in the businesses. It is marked out of 100 and is worth 20% of the overall assessment component. It is intended to assess students’ understanding of some of the learning points within Books 1 to 5. This TMA requires you to apply the course concepts.

The TMA is intended to:
 Increase the students’ knowledge about the reality of the accounting as a profession.
 Assess students’ understanding of key learning points within Books 1 to 5.
 Develop the ability to understand and interact with the nature of the financial statements in reality.
 Develop students’ communication skills, such as memo writing, essay writing, analysis and presentation of material.
 Develop basic ICT skills such as using the internet.

The TMA:
The TMA requires you to:
1- Review various study Books (from 1 to 5) of ‘Financial Accounting’ within it.
2- Conduct a simple information search using the internet.
3- Present your findings in not more than 1,600 words. The word count excludes headings, references, title page, and diagrams.
4- You should use a Microsoft Office Word and Times New Roman Font of 14 points.
5- You should read and follow the instructions below carefully. Each part of the process will carry marks for the assignment.



Criteria for Grade Distribution:
Criteria Content Using E-library & Referencing Structure and Presentation of ideas Total marks
Financial Reporting on the Internet
Marks 100 (5) (5) 100

The TMA Questions
Financial Reporting on the Internet
(Annual Report - Zain)


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.

In 2007, Zain was previously operating under 6 different iconic brand names in across the Middle East and the African continent, until the decision was taken to fuse all these identities under a unique brand name and a new philosophy as part of the company’s growth ambitions. Thus the Zain brand was born in September 2007 and were, back then, the first mobile telecom company to have a holistic brand across Middle East and the Africa continent. Today, Zain is the Group’s master brand in all the countries across the Middle East and Africa where the company operates except for Lebanon where it operate as ‘touch’ under a management contract.
The Zain brand is positioned to be simple, memorable and easy to pronounce across the global markets. The name also has the added benefit of being rich in positive connotations in several languages. For example, in Arabic, Zain means ‘beautiful’,’ good’ or ’ wonderful’, while in Latin the word means ‘dark horse’ (of good pedigree). (https://www.zain.com/ar/)
You can directly access the annual report on the below link:
https://www.zain.com/en/investor-relations/financial-reports/

Instructions

Use the 2018 Annual report of Zain (English) to answer the following questions:

1- A stakeholder is any person or entity that has an interest in the success or failure of a business or project. Discuss at least two types of stakeholders and give examples from the Zain annual report to justify your answer. Also explain the reason of their interest in the financial statements.
[Marks (Words): 10(300)]

2- Define the concept of accounting and reporting. How you can differentiate these terms? In your discussion you need to support your answer from the Annual report of Zain.

[Marks (Words): 10(50)]

3- As you learned in Unit 1, Session 3, the major environmental factors impacting on an organization can be grouped under four headings: political/legal, economic, social/demographic and technological (PEST analysis). Giving examples from the annual report, discuss the impact of each of the elements in the PEST analysis on Zain.
[Marks (Words): 10(300)]


4- A key advantage of the accrual basis is that it matches revenues with related expenses, so that the complete impact of a business transaction can be seen within a single reporting period. Elaborate the main points of this accounting system and give the evidence from Zain annual report 2018.
[Marks (Words): 10(300)]

5- IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the importance of these two models for Zain and describe the depreciation methods used by Zain.
[Marks (Words): 10(100)]

6- In a complex organization, accountants are inevitably forced to make numerous judgments and estimates when preparing a company's financial statements. Give examples of Zain judgments and estimates reported in consolidated financial statements.
[Marks (Words): 10(100)]

7- Identify the difference between revenue expenditure and capital expenditure and provide the example from Annual report of Zain 2018.
[Marks (Words): 10(100)]

8- Explain why the going concern basis is important in understanding Zain financial statement; Support your answer with evidence from Zain annual report.
[Marks (Words): 10(200)]

9- Classify the revenue recognition method(s) used by Zain as discussed in annual report. Explain the rationale underlying the appropriateness of methods used by Zain.
[Marks (Words): 10(100)]

10- Write a summary on Zain financial condition, including information/data taken from financial statements and overall business condition. Your discussion should cover the basic elements of these statements.

[Marks (Words): 10(100)]


[Total Marks = 100]


In your answer, you should explain each point or inquire separately. Use the following headings (below) to make up the different sections of your work:

Cover The PT3 form (available on LMS)
Contents Title and contents page
TMA Financial Reporting on the Internet (Case study: Zain)
References Recorded according to the Harvard style - Available on LMS