Analysis of financial statements of statutory boards

• Main Authors: Koh, Suja Hwee Aun, Chua, Chik Ting, Chua, Pei Yee
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/58576
• Institution: Nanyang Technological University

The purpose of our study is to investigate the extent of uniformity and disclosure of financial statements in statutory boards , draw conclusions and make recommendations as to how greater uniformity can be achieved. Formulated questions were applied to samples of annual reports from various statutory boards. Investigations showed that there were general compliance in the areas of fixed assets, long term receivables, staff loans, long term investments, long term liabilities and the equity section, with some exceptions which were g1ven further attention m our study. Recommendations were also made in the areas of donated assets, accumulated surplus reserves, funds and grants.