Part 1: Task Expectations / Marking Criteria Learning outcome
1. Discuss the main requirements of following standards: IAS 8, IAS 10, IAS 37, IFRS 3 Did the student discuss the main requirements of standards mentioned properly? (
2. List of companies and presentation findings
NO
COMPANY
INDUSTRY
ACQUIRED A NEW SUBSIDIARY
CHANGED THEIR ACCOUNTING POLICIES,
, HOW MANY COMPANIES CORRECTED AN ERROR,
EVENTS AFTER THE REPORTING PERIOD
1
KRAFT FOODS INC
PACKED FOOD INDUSTRY
YES
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
2
PEPSICO INC
PACKED FOOD INDUSTRY
YES
YES .
NO CORRECTION
ADJUSTING EVENTS
3
NESTLÉ SA
PACKED FOOD INDUSTRY
YES
yes
NO CORRECTION
ADJUSTING EVENTS
4
MARS INC
PACKED FOOD INDUSTRY
YES
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
5
GENERAL MILLS INC
PACKED FOOD INDUSTRY
YES
yes
NO CORRECTION
ADJUSTING EVENTS
6
KELLOGG CO
PACKED FOOD INDUSTRY
YES
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
7
HERSHEY CO, THE
PACKED FOOD INDUSTRY
YES
yes
NO CORRECTION
ADJUSTING EVENTS
8
CONAGRA FOODS INC
PACKED FOOD INDUSTRY
NO
YES .
NO CORRECTION
ADJUSTING EVENTS
9
UNILEVER GROUP
CONSUMER GOODS
YES
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
10
CAMPBELL SOUP CO
FOOD PROCESSING
NO
yes
NO CORRECTION
ADJUSTING EVENTS
11
WANT WANT GROUP
FOOD INDUSTRY
YES
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
12
BRIGHT FOOD (GROUP) CO LTD
FOOD INDUSTRY
NO
YES .
NO CORRECTION
ADJUSTING EVENTS
13
MARS INC
FOOD INDUSTRY
YES
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
14
NESTLÉ SA
FOOD INDUSTRY
YES
yes
NO CORRECTION
ADJUSTING EVENTS
15
BOMBAY DYEING
TEXTILE
NO
YES .
NO CORRECTION
ADJUSTING EVENTS
16
PHARMA FIRM DR REDDYS LABORATORIES
PHARMACEUTICAL
YES
YES .
NO CORRECTION
ADJUSTING EVENTS
17
COCA COLA
BEVERAGE
YES
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
18
NOVO NORDISK
HEALTHCARE
YES
yes
NO CORRECTION
ADJUSTING EVENTS
19
ROCHE
PHARMACEUTICAL
YES
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
20
INNER MONGOLIA MENGNIU DAIRY INDUSTRY (GROUP) CO LTD
CONSUMER STAPLE PRODUCTS
NO
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
21
INNER MONGOLIA YILI INDUSTRIAL GROUP CO LTD
CONSUMER STAPLE PRODUCTS
NO
yes
NO CORRECTION
ADJUSTING EVENTS
22
KUOK OILS & GRAINS PTE LTD (KOG)
CONSUMER STAPLE PRODUCTS
NO
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
23
TING HSIN INTERNATIONAL GROUP
CONSUMER STAPLE PRODUCTS
NO
yes
NO CORRECTION
ADJUSTING EVENTS
24
SHINEWAY GROUP
CONSUMER STAPLE PRODUCTS
NO
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
25
HANGZHOU WAHAHA GROUP
CONSUMER STAPLE PRODUCTS
NO
NO CHANGE
NO CORRECTION
ADJUSTING EVENTS
FINDINGS
IAS 10: What did the company mention as Events after the reporting period?
IAS 37: Did the company disclose any contingent assets? If yes, please include details.
the assets and liabilities emerging from the lease in order to achieve this goal. IFRS 16 establishes an unified lessee model approach, requiring lessees to recognize assets and liabilities for all lease lasting more than 12 months, except if the asset price is of minimal value.
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