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primary economic environmen

primary economic environmen
4 a) Identify the primary economic environment, functional currency, presentationcurrency and the company’s policy onforeign currency hedging. Appendix 1.1 foreign currency amounts need to be expanded to include the prior year figures andalso, where available both functional and presentation FS amounts.
5 a) Identify five (5) major risks (or estimates / judgments) of the business from both non-FS and FS sources, excludingforeign currency which you discussed in 4 b) above, using the lecture summary format. In addition identify any example(s) ofunusual terminology in the FS.
6 a) Identify four projects on which the IASB is working in addition to monetary assets (valuation) and rank them in the orderof potential impact on your company’s financial statements (reference to FS) using the lecture summary format.
Prepare Appendix 1.3 by listing all the current and non-current assets in appendix 1.2 and for each asset value identify thebasis of valuation used as the accounting policies note. In addition for monetary assets, in accordance with IFRS 9, if thecompany basis is equivalent to “amortised cost” or “fair value” as defined (refer to the two lecture slides) add this basis inbrackets

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