BKAR 3043 FINANCIAL ACCOUNTING AND REPORTING IV

MINI CASE 1 (2%)

A232
Due date: 23 April 2023

The objective of this mini case is to enhance students’ understanding and ability to critically
analyze topics related to Operating Segments and Related Party Disclosure based on the
requirements under MFRS 8 Operating Segments and MFRS 124 Related Party Disclosures.

You are the newly recruited accountant a firm located Kuala Lumpur, Malaysia. You and the
team members were given TWO (2) assignments to analyze ONE (1) listed firm consolidated
financial statements using 2022 annual report (take one of the project companies).

Assignment 1
You and the team are aware that an operating segment is a profit center within an entity that has
separate financial data and whose results are examined on a regular basis by the entity's main
operating decision maker for performance evaluation and resource allocation.

Analyze and report the listed company’s financial statements for operating segment sections for
the year ended 2022 whether the company follows the accounting standards Para 13 MFRS 8
Operating Segments to prepare the operating segments report. The template to analyze the
operating segments as below:

Revenue Asset Profit / (Loss)

External Internal % % %
(if any)
Segment 1
Segment 2
Segment 3
Segment 4
Total

(1) Based on template above, students are required to use the 2022 data in the operating
segment disclosure (see annual report of the respective company) to compute the
percentage for Revenue, Asset and Profit /(Loss).
(2) Show the workings for Para 13 MFRS 8 Operating Segments computations.
(3) Explain on how the company have decided on the reportable segments. You may use the
calculation in Item [2] to assess on the application of the Para 13 MFRS 8 Operating
Segments.

1
Assignment 2
Analyze and report the listed company’s financial statements for related party disclosures
sections for the year ended 2022. You and team are required to identify the items disclosed at
related party disclosures sections are in accordance with MFRS 124 Related Party Disclosures.

The template as below:

Item Details & Purpose RM Justification *

*To justify the nature of related party relationship and screen shot the report the related party
disclosure from the annual report.

REPORT FORMAT
1. Group project: maximum 5-6 members in a team.
2. The report limit to 10 pages for the both assignments.
3. Line spacing: 2 & Font: Arial (size 12)
4. Soft-copy submissions upload to UUMOL and hard copy to lecturer.
5. To state the members name on the cover page of the report.
6. Assessments: Critical Thinking and Problem Solving (CTPS)

Additional ref: https://ifrscommunity.com/knowledge-base/ias-24-related-party-disclosures/