Arab Open University

Faculty of Business Studies

TMA: Tutor Marked Assignment
Academic year: 2014/15
Semester:

1. Program:
2. Track:

BA in Business Studies
Accounting

3. Course Code: BE210 (BE210/4)

4. Course Title: Introduction to Financial Accounting
5. General Course Coordinator, GCC: Dr. Asma Assaf
6. TMA Grade Distribution:
Content
Criteria

30 Years of Returning Goals

into Milestones
(Zain)

Marks

100

Deductions:
Format & Presentation;
Referencing;
Word count and E-library
>4-0< each ; in total maximum
deductions >61-0<

Total marks
100

About TMA:
The TMA covers the financial accounting concepts and practices in the businesses; as you work, you will
gain confidence in your ability to use the financial statements of real company. It is marked out of 100
and is worth 20% of the overall assessment component. It is intended to assess students understanding of
some of the learning points within chapters 1 to 4. This TMA requires you to apply the course concepts.
The TMA is intended to:
Increase the students knowledge about the reality of the accounting as a profession.
Assess students understanding of key learning points within chapters 1 to 4.
Develop the ability to understand and interact with the nature of the financial statements
in reality.
Develop students communication skills, such as memo writing, essay writing, analysis
and presentation of material.
Develop basic ICT skills such as using the internet.

Faculty of Business Studies Arab Open University

The TMA requires you to:

1- Review various study chapters (from Chapter 1 to 4) of the textbook Horngrens Financial and
Managerial Accounting and apply some of the concepts within it.
2- Conduct a simple information search using the internet.
3- Present your findings in not more than 1,300 words.
4- You should use a Microsoft Office Word and Times New Roman Font of 14 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: Its 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 for TMA as a whole. 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. Use the following headings (below) to make up the different sections of your
answer:
PT3 form (Cover)
Contents
TMA

Available on LMS
Title and contents page
30 Years of Returning Goals into Milestones (Zain)

Reference list

Recorded according to the Harvard style - Available on LMS

Failing to do so could result in the deduction of up to 4 marks of your total TMA mark.

The TMA Questions

30 Years of Returning Goals into Milestones
(Zain)
is a leading mobile telecommunications provider in the Middle East and North Africa. They
began life in 1983 in Kuwait, as Mobile Telecommunications Company (MTC), the regions
first mobile operator. In 2008 they became the 4th largest mobile operator in the world in terms
of geographical presence, with operations in 15 African countries and 7 in the Middle East.

Years of returning goals into milestones, Zain addressed its 2013 annual report. To
download it Access Zain web page at: http://www.zain.com/home/ From Zains home
page and then Investor Relations, click on Financial Reports, followed by Annual
Report, then select a year 2013 in English to display and download Annual Report 2013 on (PDF)
Form 148 pages
Instructions:
Use the annual report to answer the following questions, Start from page 93 Consolidated
annual financial statements and independent auditors report 31 December 2013 (Each
question weight 10 marks; total 100)
1- What are the main components of Zain Consolidated annual financial statements and independent
auditors report 31 December 2013? And Zain financial statements are prepared in conformity with
which standards?
[10 marks]
2- Go through Independent auditors report to the shareholders and answer the following questions:
a. Who is responsible for the preparation of financial statements?
b. Whats the independent auditors name and whats their responsibility?
c. When the independent auditors report was dated (signed)? Is it different from balance
sheet date consolidated statement of financial position?
[10 marks]
3- What were Zains total assets at 31 December 2013? At 31 December 2012? Write Zains accounting
equation at 31 December 2013, by filling Assets=Liabilities Stockholders Equity.
[10 marks]
4- Identify Revenues for the year ended 31 December 2013. How much did Revenues increase or
decrease from 2012 to 2013? How much net income or net loss did Zain earn for 2013 and for 2012?
Based on net income, was 2013 better or worse than 2012?
[10 marks]
5- The accompanying notes are an integral part of these consolidated financial statements. statement
always appears at the end of financial statements Discuss briefly this statement (you need to make
simple information search here)
[10 marks]

6- What was the Cost of Zains Property and Equipment As at 31 December 2013? What was the
amount of their Accumulated Depreciation As at 31 December 2013? What was their Net book
value as at 31 December 2013? And how does Property and Equipment differ from Intangible
Assets?
[10 marks]
7- For 2013, record adjusting and closing entries for depreciation and amortization account; and briefly
explain how does failing to record depreciation considered an ethical issue?
[10 marks]
8- From Zain Financial statements derive two accounts as an example of each of the following:
a. Temporary accounts;
b. Permanent accounts;
c. Debit normal balance.
d. Credit normal balance.
e. Prove that Zain uses Accrual base.
[10 marks]
9- For the two recent years (2013 and 2012), calculate current ratio for Zain (Show your work in
calculating this ratio) what is meant by this ratio? Comment briefly on your findings regarding
Zains current ratio trend (improve, worsen or hold steady).
[10 marks]
10- For the two most recent years (2013 and 2012), are assets primarily financed by debt or owners
equity for both years 2013 and 2012? Explain your reasoning using debt ratio.
[10 marks]
End of questions,

GOOD LUCK