Part B - 70 Marks Case Study: Leonardo Access the Leonardi Company home page and download the annual report of Leonardo 2020 or You can directly access the annual report on the below link: Results and reports (leonardo.com) And Download Leonardo Integrated Annual Report 2020.. Instructions Use the 2020 Annual report of Leonardo Company to answer the following questions: 1- Business organizations can be classified into different legal forms. List and briefly explain the different forms of business organizations. Identify under which category of business organization the Leonardo bank falls, support your answer from the annual report of Leonardo 2020 [Marks (Words): 10(300)] 2- The process of determining the monetary amount at which the elements of the financial statements are to be included in the balance sheet and income statement is called measurement. The IASB Framework includes the four bases of measurement. Explain these four bases of measurement with example. Identify that which measurement bases is used by Leonardo in preparing their financial statements? Marks (Words): 10(300)] 3- IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the importance of these two models for Leonardo and describe the depreciation methods used by Leonardo [Marks (Words): 10(200)] 4- The sources of company finances may be various and complicated. Equity capital is the main source of company finances, what are the different types of share capital, explain. Also identify the different forms of share capital from annual report of Leonardo 2020 [Marks (Words): 10(200)] 5- Explain why the going concern basis is important in understanding Leonardo financial statement; Support your answer with evidence from Leonardo 2020 annual report [Marks (Words): 10(200)] 6- Balance sheet can be prepared in vertical, net asset and horizontal format. What is the difference between these formats? Which format has been adopted by Leonardo and what is the underlying assumption? Provide evidence from annual report. [Marks (Words): 10(200)] 7- Write the summary on the financial position of Leonardo company. Your summary should include the main financial data of the company. [Marks (Words): 10(200)] Part B - 70 Marks Case Study: Leonardo Access the Leonardi Company home page and download the annual report of Leonardo 2020 or You can directly access the annual report on the below link: Results and reports (leonardo.com) And Download Leonardo Integrated Annual Report 2020.. Instructions Use the 2020 Annual report of Leonardo Company to answer the following questions: 1- Business organizations can be classified into different legal forms. List and briefly explain the different forms of business organizations. Identify under which category of business organization the Leonardo bank falls, support your answer from the annual report of Leonardo 2020 [Marks (Words): 10(300)] 2- The process of determining the monetary amount at which the elements of the financial statements are to be included in the balance sheet and income statement is called measurement. The IASB Framework includes the four bases of measurement. Explain these four bases of measurement with example. Identify that which measurement bases is used by Leonardo in preparing their financial statements? Marks (Words): 10(300)] 3- IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the importance of these two models for Leonardo and describe the depreciation methods used by Leonardo [Marks (Words): 10(200)] 4- The sources of company finances may be various and complicated. Equity capital is the main source of company finances, what are the different types of share capital, explain. Also identify the different forms of share capital from annual report of Leonardo 2020 [Marks (Words): 10(200)] 5- Explain why the going concern basis is important in understanding Leonardo financial statement; Support your answer with evidence from Leonardo 2020 annual report [Marks (Words): 10(200)] 6- Balance sheet can be prepared in vertical, net asset and horizontal format. What is the difference between these formats? Which format has been adopted by Leonardo and what is the underlying assumption? Provide evidence from annual report. [Marks (Words): 10(200)] 7- Write the summary on the financial position of Leonardo company. Your summary should include the main financial data of the company. [Marks (Words): 10(200)]