(All rights reserved) FIRST SEMESTER INTERIM ASSESSMENT, 2021/2022 DEPARTMENT OF ACCOUNTING ACCT 401: CORPORATE REPORTIN

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All Rights Reserved First Semester Interim Assessment 2021 2022 Department Of Accounting Acct 401 Corporate Reportin 1 (54.14 KiB) Viewed 12 times

(All rights reserved) FIRST SEMESTER INTERIM ASSESSMENT, 2021/2022 DEPARTMENT OF ACCOUNTING ACCT 401: CORPORATE REPORTING (3 CREDITS) MAIN AND CITY CAMPUS a) Form a group of 20 members b) Refer to the 2020 Annual Report of Aluworks Ltd. and prepare presentation slides that respond to the following questions. i. Using both quantitative factors (particularly the financial statements) and qualitative factors (including board chairman remarks, CEO statement and the audit report), will you say Alworks Ltd. was showing symptoms of a distressed firm as at 31st December 2020? Mention at least ten (10) factors to support your arguments. ii. What are the likely consequences in case Aluworks Ltd. continues to make losses in subsequent years? iii. Recommend an appropriate restructuring and reorganisation scheme for Aluworks Ltd. that can turn the company, into a profitable business entity. INSTRUCTION