Arab Open University

B291: TMA – Fall Semester 2023-2024

About TMA:
The TMA covers the financial accounting concepts and practices in businesses. It is rated
out of 100. It is intended to assess students’ understanding of some of the learning points within
Books 1 to 6. This TMA requires you to apply the course concepts.

The TMA is intended to:

 Increase the students’ knowledge about the reality of accounting as a profession.
 Assess students’ understanding of key learning points within Books 1 to 6.
 Develop the ability to understand and interact with the nature of 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.

The TMA:
The TMA requires you to:
1- Review various study Books (from 1 to 6) of ‘Financial Accounting’ within it.
2- Conduct a simple information search using the internet.
3- Present your findings in not more than 1,400 words. The word count excludes
headings, references, title page, and diagrams.
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.
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Criteria for Grade Distribution:

Content
Financial Reporting on Using E-library & Structure and
Criteria Total marks
the Internet Referencing Presentation of ideas

Marks 100 (5) (5) 100

The TMA Questions

Financial Reporting on the Internet

The internet is a good place to get information that is useful to you in your study of accounting.
For example, you can find information about current events, professional accounting
organizations, and specific companies that may support your study.

Founded in 1998 and headquartered in Dammam, Saudi Arabia, Zamil Industrial Investment
Company (Zamil Industrial) is a premier business group engaged in the development of
innovative design and engineering solutions for use in the construction industry. Also a leading
manufacturer and fabricator of construction materials, Zamil Industrial implements its
engineering excellence through a wide range of products and services, including pre-engineered
steel buildings, steel structures, air conditioning and climate control systems designed for a
wide range of commercial, industrial, and residential applications, telecom and transmission
towers, process equipment, precast concrete building products, fiberglass and rock wool
insulations, pre-insulated pipes, maintenance and repair of HVAC equipment, maintenance and
inspection of industrial projects, building automation systems, security and protection systems,
turnkey project solutions, and solar power projects. The company also offers award-winning
installation and erection services.
Through its various industrial sectors, Zamil Industrial provides a broad range of products and
solutions that meet the increasing needs and requirements of the global building and
construction industry.
Zamil Industrial products are marketed and sold in more than 90 countries around the globe,
and the company operates manufacturing facilities in Saudi Arabia, United Arab Emirates,
Egypt, India, and Vietnam.
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You can access the Annual Report Zamil Industrial - Annual Reports and download
the 2022 Annual Report. Download the 2022 Annual report in PDF English format.

Instructions
Use the 2022 Annual report of Zamil to answer the following questions:

1- A stakeholder is a party that has an interest in a company and can either affect or be
affected by the business. Discuss at least two types of stakeholders and give examples
from the Zamil Industrial annual report 2022 to justify your answer.
[Marks (Words): 25(350)]

2- PEST analysis (political, economic, socio-cultural, and technological) describes a

framework of macro-environmental factors used in the environmental scanning
component of strategic management. Give examples from the Zamil Industrial annual
report 2022 and discuss the impact of each of the elements in the PEST analysis on
Zamil Industrial.
[Marks (Words): 25(350)]

3- Management makes many judgments and estimates in preparing accounts, some of

which will significantly affect the reported results and financial position. Give examples
of Zamil industrial estimates and assumptions reported in consolidated financial
statements.
[Marks (Words): 25(350)]

4- Going concern is a basic underlying assumption in accounting. Explain why the going
concern basis is important in understanding Zamil Industrial's financial statement; Support
your answer with evidence from the Zamil Industrial annual report 2022.
[Marks (Words): 25(350)]

Cover The PT3 form (available on LMS)

Contents Title and contents page
TMA Financial Reporting on the Internet
References Recorded according to the Harvard style - Available on LMS