1. Program: BA in Business Studies
2. Track: Accounting
3. Course Code: BE210 (BE210/4)
4. Course Title: Introduction to Financial Accounting
5. General Course Coordinator, GCC: Prof. Ahmad Al-Omari
6. TMA Grade Distribution:
Criteria Content Deductions:
Format & Presentation; Referencing;
Word count and E-library Total marks Kuwait Food Company
Marks 20 each ; in total maximum deductions 20
The TMA covers the financial accounting concepts and practices in the businesses; as you work, you will gain confidence in your ability to use the financial statements of real company. It is marked out of 100 and is worth 20% of the overall assessment component. It is intended …show more content…
Write Al Americana’s accounting equation at 31 December 2015, by filling “Assets=Liabilities Stockholders’ Equity”.
7- Identify Revenues (Sales) for the years 2015 and 2014. Did Revenues (Sales) increase or decrease in 2015 compared with 2014? Comment.r The revenue has been increased in 2015 then 2014 because the company made more profit at 2015 the demogaif above show that
8- Identify Net Profit (Net Income) attributable to shareholders of the parent company for the years 2015 and 2014. Did Net Profit Increase or decrease in 2015 compared with 2014. Based on this, was the year 2015 better or worse than the year 2014? Comment.
The Company’s sales during 2015 amounted to KD 968.3 million (US $ 3.2 billion) compared to KD 922.4 million in 2014, with 5% year-on-year growth. Despite the tremendous challenges we faced during the year, the Company’s net profits after AFS portfolio, amounted to KD 43.9 million (US $ 146 million), declined by 16% compared to the previous year. This decline of the Company’s profits in 2015 is mainly due to the adverse factors and economic turbulence and events in the markets in which the Company