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Introduction to intermediate financial accounting II

   

Added on  2020-12-29

10 Pages3078 Words487 Views
INTERMEDIATEFINANCIAL ACCOUNTINGII

Table of ContentsINTRODUCTION...........................................................................................................................1Introduction of selected companies.............................................................................................1Description on the disclosure requirements of MFRS117 by lessees in the financial statements.....................................................................................................................................................2Description on MFRS117 disclosure compliance of the two selected companies......................4Description on thedisclosure requirements ofMFRS117 by lessees in thefinancial statements....................................................................................................................6Summary.....................................................................................................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONIntermediate financial accounting is one of the key branch off accounting that covers theconceptual framework for financial reporting, accounting information and the implementation ofpresent value of concepts in accounting. This report is prepared on the basis of two Malaysiancompanies as Acoustech deals in manufactured audio speakers, property development and realestate investment and ALCOM group which is incorporated with business and propertydevelopment industries (Taylor, 2014). Description on Disclosure requirement of MFRS 117 bylessees in the financial statements and disclosure of compliance with two companies are definedin this report. Similarities and the difference between two companies are also considered in thisreport. Introduction of selected companiesALCOM group Berhad (AGB)Alcom is an organisation listed on the main market of Bursa Malaysia securities Berhad.It has a market capitalisation of RM 100 million. Alcom group's core business is the aluminiummanufacturing and property development industries. It is listed on the main market of BusraMalaysia as alcom group Berhad.ALCOM is a innovator in the field, with its unparalleled assembling limit, groundbreaking mechanical ability and forefront innovative work activities. It's no big surprise whyALCOM is the main provider to a portion of the world's most confided in brands, prevailingupon worldwide industry pioneers including Daikin, Carrier and York. ALCOM is the biggestproducer of moved aluminium items in Malaysia and a main provider in the Asia Pacific districtwith a solid worldwide nearness. ANSC has practical experience in the creation of coveredaluminum blade stock. It started as a Joint-Venture organization of NIPPON LIGHT METALCO., LTD (NLM), the main completely incorporated aluminum organization in Japan, andAluminum COMPANY OF MALAYSIA BERHAD (ALCOM), the greatest aluminumorganization in Malaysia.Acoustech BHDAcoustech Bhd was established in Malaysia as a private constrained organization on 18October 1999. It works as a venture holding organization with backups and related organizationsengaged with the manufactured sound speaker items, property improvement and land speculation1

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