Reference no: EM133463957
Discussion Post
Prior to beginning work on this discussion forum, read Chapter 12 in the course textbook, Using Financial Accounting.
Using the same company and annual reports that you chose for your Reading and Using the Annual Report Case Study,
Question 1) Prepare common-size balance sheets, income statements, and statements of cash flows for your chosen company for the latest 2 years. Identify one company that competes with your chosen company, obtain their financial statements for the most recent two years, and prepare common-size balance sheets, income statements, and statements of cash flows for your chosen company for the latest 2 years.
Question 2) Explain why common-sized financial statements are a convenient way to compare financial statement items within the same period, between periods, and between competing companies.
Question 3) Perform a vertical analysis of at least one item on the common-size balance sheet, income statement, and statement of cash flows you prepared for the most recent year. Compare each item to the same item on the common-size financial statements for the previous period and to the same item on the common-size financial statements you prepared for the competing company.
Question 4) Discuss what this comparison tells you about your chosen company's current financial condition, how it compares to the previous year, and how it compares with the financial condition of your chosen company's competitor.
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Develop a product that can be used to demonstrate
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Identify an individual or group of individuals with
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Outline a basic business continuity plan for your business
: Outline a basic business continuity plan for your business that identifies key business areas and critical functions as well as identifies at least one measure.
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Identify the causes of the change in each of the accounts
: Identify the causes of the change in each of these accounts. Discuss the implications of each of these account changes, and your assessment of the company.
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Prepare common-size balance sheets and income statements
: Prepare common-size balance sheets, income statements, and statements of cash flows for your chosen company for the latest 2 years.
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Analyze the source according to the foci found on
: Describe the context in which the document was published (author, publication, publication date, socio-cultural and political environment, etc.)
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Provide a narrative explanation of your analysis
: Prepare a scorecard like the one seen in session 4. Provide a narrative explanation of your analysis, which can be based on the data found in the case above.
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Provide your views on the implications of the issues
: Provide your views on the implications of the issues on hand identified in the article in line with derivative market and the wild price swings.
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What do the accounting policies say in the annual report
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