Objective: As an accounting student enrolled in the Advanced Accounting course, this assignment aims to apply your theoretical knowledge to practical examples from the financial statements of George Weston Limited (GWL) or any other Public Canadian Company from the last four to five years. By analyzing specific aspects of the financial statements, you will demonstrate proficiency in understanding and interpreting accounting principles related to business combinations, consolidation of non-wholly owned subsidiaries, intercompany transactions, joint ventures or special purpose entities, and foreign currency transactions. Assignment Details: Select any of the annual reports of George Weston Limited or Any other Public Canadian Company from the last four to five years. Identify and analyze examples from the financial statements that demonstrate your understanding in at least four of the following topics: 1. Business Combination 100% acquisition 2. Consolidation of Non-Wholly Owned Subsidiary 3. Intercompany Transaction Disclosed or Eliminated 4. Joint Venture or Special Purpose Entity 5. Foreign Currency Transaction and Related Gain/Loss; Translation of Consolidated Foreign Operation For each topic, provide the following: • Identification of a financial statement user to whom the information is important and the reason why. • Thorough analysis on how this user would use this item. Description and explanation of an example demonstrating knowledge of the topic. Once you finish the report, you are also required to prepare a five minutes presentation summarizing your findings. This presentation maybe recorded in advance or done live in the class room
Objective: As an accounting student enrolled in the Advanced Accounting course, this assignment aims to apply your theoretical knowledge to practical examples from the financial statements of George Weston Limited (GWL) or any other Public Canadian Company from the last four to five years. By analyzing specific aspects of the financial statements, you will demonstrate proficiency in understanding and interpreting accounting principles related to business combinations, consolidation of non-wholly owned subsidiaries, intercompany transactions, joint ventures or special purpose entities, and foreign currency transactions. Assignment Details: Select any of the annual reports of George Weston Limited or Any other Public Canadian Company from the last four to five years. Identify and analyze examples from the financial statements that demonstrate your understanding in at least four of the following topics: 1. Business Combination 100% acquisition 2. Consolidation of Non-Wholly Owned Subsidiary 3. Intercompany Transaction Disclosed or Eliminated 4. Joint Venture or Special Purpose Entity 5. Foreign Currency Transaction and Related Gain/Loss; Translation of Consolidated Foreign Operation For each topic, provide the following: • Identification of a financial statement user to whom the information is important and the reason why. • Thorough analysis on how this user would use this item. Description and explanation of an example demonstrating knowledge of the topic. Once you finish the report, you are also required to prepare a five minutes presentation summarizing your findings. This presentation maybe recorded in advance or done live in the class room
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Objective:
As an accounting student enrolled in the Advanced Accounting course, this assignment aims to apply your theoretical knowledge to practical examples from the financial
statements of George Weston Limited (GWL) or any other Public Canadian Company from the last four to five years. By analyzing specific aspects of the financial statements,
you will demonstrate proficiency in understanding and interpreting accounting principles related to business combinations, consolidation of non-wholly owned subsidiaries,
intercompany transactions, joint ventures or special purpose entities, and foreign currency transactions.
Assignment Details:
Select any of the annual reports of George Weston Limited or Any other Public Canadian Company from the last four to five years. Identify and analyze examples from the
financial statements that demonstrate your understanding in at least four of the following topics:
1. Business Combination 100% acquisition
2. Consolidation of Non-Wholly Owned Subsidiary
3. Intercompany Transaction Disclosed or Eliminated
4. Joint Venture or Special Purpose Entity
5. Foreign Currency Transaction and Related Gain/Loss; Translation of Consolidated Foreign Operation
For each topic, provide the following:
• Identification of a financial statement user to whom the information is important and the reason why.
• Thorough analysis on how this user would use this item.
Description and explanation of an example demonstrating knowledge of the topic.
Once you finish the report, you are also required to prepare a five minutes presentation summarizing your findings. This presentation maybe recorded in advance or done live in
the class room
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