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Course: Masters of Business Administration
Module: Financial and Managerial Accounting
Individual Assignment (80 marks)
Submit a well-structured report, not exceeding 5,000 words, of the 2021 annual report of the Meta Platforms, Inc.
(a) What are the major components of an annual report and comment briefly on the main ones? (2 Marks)
(b) Indicate the purpose of the financial highlights section and the Management Discussion and Analysis. (3 Marks)
(c) How useful are companies’ annual reports in assessing their strategic direction? (5 Marks)
(d) Identify Four potential user groups and elaborate on their information needs. (4 Marks)
(e) Discuss to what extent the information contained in the Annual Report meets the users’ requirements. (4 Marks)
(f) ‘Financial statements are prepared on the basis of a number of accounting concepts (or accounting principles)’. Identify and explain Four of the underlying concepts used, supported by relevant examples. (6 Marks)
(g) Why is it argued that users of accounts may be misled by the reported profit figure? (4 Marks)
(h) Discuss on Four limitations of financial statements. (4 Marks)
(i) Use the BSC performance measurement tool to give a holistic perspective on the company’s performance. (8 Marks)
(j) Using the financial highlights and any other accounting ratios that you deem appropriate, comment on the financial soundness of the company. Your report should also include some factors which may have caused these results. The report should address the following:
- Appropriate use and calculation of ratios, specific to the company’s nature of business;
- Highlight any significant factors which may have contributed to the financial performance of the company;
- Link the discussions to the Statement of Cash Flow;
- Comment on the reservations that such exercise may suffer from. (40 Marks)