1. A company name has already been assigned to your group. 2. Download last four years Balance sheet, P & L Statements & CFS 3. You are required to comment on the following based on last 4 years financial statements: a. Share capital – change in share capital over last 4 years , if any, and the reasons for the change b. Reserves & Surplus – change in the position over last 4 years , if any, and the reasons for the change – including that of the change in the P & L balance c. Distribution of dividends and its impact on Reserves & Surplus d. Long term borrowings and changes therein ( conversion / redemption) over last 4 years e. Long term assets and changes therein ( other than for depreciation ) f. Method followed for calculation of depreciation and change in method, if any g. Investment and change in value over last 4 years
h. Method of valuation of inventories and change in method, if any i. EPS and diluted EPS
Your group has to prepare a 4/5 pages summary of an accounting fraud, to be found out by you. Once you select a case , immediately notify the same to the entire batch so that no other group selects the same case. Please complete the assignment and send me softcopy as an attachment thru mail within a week ( today is 11th September Tuesday - lets close it by 18th September - Tuesday by 4.30pm ) You can clarify doubts, if any, by sending me a mail.