College of Economics And Business Studies Assignment
ASSIGNMENT QUESTIONS
A) Prepare Income Statement and Balance Sheet by applying Current Purchasing
Power (CPP) Method for the Accounting Period 31st December 2022 to 31st
December 2023 by considering the Consumer Price Index of 145 for Opening and 149
for Closing, respectively. You are required to downloading the data from
https://www.investing.com/indices/world-indices.
B) Prepare Current Rate Method, Current and Non-Current Method, Monetary and
Non-Monetary Method and Temporal Method for the same Company consider in A)
for the period from 31st December 2020 to 31st December 2023. The FOREX Rate can
be taken from the https://cbo.gov.om/Pages/DFESearch.aspx by considering Buying Rate
C) Critically analyze Contemporary Issues in Accounting for your selected company:
i. Investment Pattern of your selected Company and the Country.
ii. Suggestion provided by the students on investing Cryptocurrency and
Derivative Markets.
iii. Strength and Weakness pertaining to Cyber Security Risk in the Company.
iv. Suggestion regarding usage of Artificial Intelligence in the Country and
Company.
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