Description
Note:
American Patriot Oil & Gas Limited
*Answers must be provided in relation with the annual report, with evidence and CPA guidelines.
* Post-graduate quality of work is expected .
Annual report and questions are uploaded.
Answer the following.
(Answers must be provided in relation with the annual report with evidence)
1) Is the company doing well financially? How do this year’s results compare with previous results? Show the evidence.
2) What do you think the message has been conveyed in the annual report? For example, is management optimistic about profitability in the forthcoming financial year? What does management say in the director’s report?
3) How are intangible assets recognized and measured according to the accounting policies in your selected company?
4) Did your selected company conduct the impairment test and recognize the results of the test? Provide the evidence.
5) What is your overall impression of the annual report? Does it make you want to buy shares in the company if you were an investor?