Introduction accounting assignment

Arab Open University Faculty of Business Studies TMA: Tutor Marked Assignment The TMA requires you to: 1- Review various study chapters (from Chapter 1 to 4) of the textbook “Horngren’s Financial and Managerial Accounting, The Financial Chapters, 5th edition” and apply some of the concepts within it. 2- Conduct a simple information search using the internet. 3- Present your findings and your answers within the specified word count. 4- You should use a Microsoft Office Word and Times New Roman Font of 12 points. 5- You should read and follow the instructions below carefully. Each part of the process will carry marks for the assignment. General instructions for students: Plagiarism: It’s imperative that you write your answers using your own words. Plagiarism will be penalized depending on its severity and according to AOU plagiarism policy. Word count: Your answers are expected to be within the specified word count. A 10% deviation from word count limit is acceptable. Not adhering to specified word count could result in the deduction of up to 4 marks of your total TMA mark. Referencing: You are expected to use the Harvard referencing style for in-text referencing and list of reference at the end. Failing to do so could result in the deduction of up to 4 marks of your total TMA mark. E-library: You are expected to use E-library sources to support your answers. A minimum of 3 sources is required. Failing to do so could result in the deduction of up to 4 marks of your total TMA mark. Format and Presentation: In your answer, you should explain each point or inquire separately. 1 Faculty of Business Studies – Arab Open University The TMA Questions Part (A): “Since 1976 The Journey Continues” (The Saudia Dairy and Foodstuff Company: SADAFCO: 2015/2016 Annual Report) [35 marks in total] The Saudia Dairy and Foodstuff Company (SADAFCO) story began on 21 April 1976 when a joint venture between three dairy companies in Jeddah, Madinah and Dammam was formed between Saudi, Kuwaiti and European businessmen and the company began production at the Jeddah Factory in 1977. Ten years later the European partners sold their shares to the Saudi and Kuwaiti shareholders and in 1990 the three companies merged into one to officially form Saudia Dairy and Foodstuff Company. An initial public offering (IPO) led to the company’s listing on the Saudi Arabian Stock Exchange, Tadawul, on 23 May 2005. The company celebrates its 40th anniversary in 2016. “Since 1976 The Journey Continues” SADAFCO addressed its 2015/2016 annual report. To display and download Sadafco Annual Report 2016-2016 in English on PDF Form – 52 pages, access following web page at: http://sadafco.com/content/annual-report-2015-2016 (Or you can copy and paste the above address) Instructions: Use the annual report to answer the following questions: 1- What are the standards that govern the preparation of the consolidated financial statements 2015/2016? [3 marks] 2- SADAFCO is a leading, world-class, Saudi Arabia-based company),