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Assignment Task :

You are required to identify and explain in brief the suitable qualitative characteristics of useful financial information for each case given below.
a) Omantel company showed an increase in earnings per Share (EPS) from OMR. 0.350 to OMR. 0.650 in 2019. However, the company forgot to disclose this information in its annual report.
b) Oman Flour Company provides its top managers with bonus on the basis of reported profit. During 2018 the management showed a decline in the final profit. In order to continue paying bonus the company attempt to adopt different accounting policies that resulted in higher profits.
c) In 2019, Zain Oil company was being sued for damages the seaside because its chemical material dropped to the sea. The settlement of which could threaten the financial stability of the company. The company decided to choose non-disclosure with the hope that its lawyer may win the case at court.
d) In 2018 AXA Company faced serious liquidity problems. Management decided to window dress the financial statements in a manner that improved the company's current ratios in order to hide the liquidity problem of the situation. However, in 2019 the company came out of liquidity problem and stopped window dressing practice.

PLAGIARISM
Plagiarism occurs when other’s work such as print material, images, audio-visual creations, computer programs, electronic materials, etc. are used without appropriate acknowledgement.
Plagiarism includes, but not limited to, the following:

  • Copying full or part (paragraphs, sentences or significant part of a sentence) of other’s work directly
  • Copying from other’s work with an end reference to the original source but without putting the copied text between quotation marks
  • Paraphrasing, summarizing or rearranging words, phrases or ideas of other’s work
  • Copy-Paste of statements from multiple sources (electronic or print material)
  • Presenting work, done in collaboration with others, as independent work
  • Using one’s own work presented previously
  • Disciplinary Action for Student Plagiarism is Zero mark
  • Students are given the chance to lodge their appeal against the sanctions to the Head of Department.

 

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  • Uploaded By : Grace
  • Posted on : April 20th, 2019

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