Accounting Class Quiz Problems

For each question write the page number(s) the information was found on. No page numbers your

grade = ZERO. 

a) How many pages do the financial statements occupy, what is the balance date of the financial

statements and in what currency(s) are the financial statements prepared? (1 Mark).

b) What is the company’s net profit (loss) for the current year and the previous year? Did the

directors explain the profit (loss) for the current year, what did they say? What do the director’s say

about profits in the future? (2 Marks)

c) What is the company’s debt position? Calculate the company’s debt ratio for the current year and

the previous year using formula [Total Tangible Assets/Total Debt]. Comment on the company’s

debt position and their ability to repay. (2 Marks) 

d) How did the company fund its activities during the year? Did the company generate its own cash

flows from business activities or did it rely on funds raised from shareholders, debt financing or

asset sales? Provide full details of amounts. (2 Marks)

e) Find ONE example of voluntary social or environmental disclosure. Can you think of a reason the

company may have voluntarily disclosed this information. Find ONE example of mandatory

environmental disclosure. Take a screen print of the page in the annual report, cut and paste into

you answer and crop/resize neatly into your document. (2 Marks)

f) Do you think the company has good corporate governance systems in place?

Provide clear reasons with examples from disclosure in the annual report you have been allocated

as to why you agree or disagree? (3 Marks)