Explain the movement over the three years period in each item recorded under Explain the movement over the three years period in each item recorded under liabilities section with reason. Demonstrate a clear understanding of the movements over the last three years of all items recorded under liabilities with reasons for the movements. Briefly explain the relative advantages or disadvantages of each sources of fund each of your selected companies is using. The advantages and disadvantages of each of the internal sources of fund and external sources of funds used by the company have been identified and explained clearly. Do your own research and critically examine the concepts of small proprietary company, large proprietary company and reporting entity. What are the implications of being classified as either one of these three types of companies in terms of compliance and reporting requirements? The three concepts have been explained in detail. The implications of being classified as either one of these three types of companies have been explained in detail in terms of compliance with accounting standards, reporting and disclosures requirement, and auditing.

Excellent What items have The items been recorded recorded under under owners’ the equity equity section? section have Clearly explain your been correctly understanding of identified. each item recorded Demonstrates an under the owner excellent equity section. understanding of each item recorded under the equity section. Explain the Has clearly movement over the identified the three years period movement in in each item each items listed recorded under the under owner owner equity equity with section with the detailed reason for the explanation of movement. the reason for the movement What items have The items been recorded recorded under under liabilities the liability section? Clearly section have explain your been correctly understanding of identified. each item. Demonstrates an excellent understanding of each item recorded under the section.

Marking criteria Marking criteria Weighting Abstract 1% List of content & overall presentation of the assignment 1% Introduction 1% What items have been recorded under owners’ equity section? Clearly explain your understanding of each item recorded under the owner equity section. 2% Explain the movement over the three years period in each item recorded under the owner equity section with the reason. 1% What items have been recorded under liabilities section? Clearly explain your understanding of each item. 2% Explain the movement over the three years period in each item recorded under liabilities section with reason. 1% Briefly explain the relative advantages or disadvantages of each sources of fund each of your selected companies is using. 2% Do your own research and critically examine the concepts of small proprietary company, large proprietary company and reporting entity. What are the implications of being classified as either one of these three types of companies in terms of compliance and reporting requirements? 7% Conclusion 1% References 1% TOTAL Weight 20%

Submission Guidelines • All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page. • The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. • Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style.