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Financial Statements

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Financial Statements

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Purpose of Assignment

 

This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability.

 

 

Two-Rivers Inc. (TRI) manufactures a variety of consumer products. The company’s founders have run the company for thirty years and are now interested in retiring. Consequently, they are seeking a purchaser, and a group of investors is looking into the acquisition of TRI. To evaluate its financial stability, TRI was requested to provide its latest financial statements and selected financial ratios. Summary information provided by TRI is presented below.

Required:

a. Calculate the select financial ratios for the fiscal year Year 2. (use MS word or excel but excel is more recommended)

  1. Interpret what each of these financial ratios means in terms of TRI’s financial stability and operating efficiency.

 

Click the Assignment Files tab to submit your assignment.

Financial Statements

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Financial Statements

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I NEED HELP WITH THE WRITTEN PORTION OF THIS PROJECT. I COMPLETED THE WRITTEN PORTION THROUGH PAGE 4. THE YELLOW HIGHLIGHTED SECTIONS NEED COMPLETED. ALL FINANCIAL DATA TO ANALYZE IS ON SPREADSHEET.

Accounting professionals are often asked to provide financial statement analysis for a variety of reasons and audiences. Internally, such evaluations of a company’s health and value may be used to inform decisions regarding redeployment of assets or improved operational performance. Externally, they may be used in making credit or investment decisions. In this project, you will put course concepts into practice by preparing a financial analysis and valuation report on a company you selected from an abbreviated list of the S&P 500 and compare it to a chief competitor. In the report, you will evaluate the financial health of the company, its future prospects, and its current value based on the public financial statements required by the Securities and Exchange Commission. You will also identify opportunities for enhancing operational performance and discuss whether you would recommend investing in the company based on your analysis of the statements.

In this assignment, you will demonstrate your mastery of the following course outcomes:
 ACC-345-01: Analyze financial statements to determine the financial health of a company
 ACC-345-02: Perform a valuation calculation of a company to address the needs of various audiences and purposes
 ACC-345-03: Perform an economic and industry analysis to project a company’s future performance

Prompt For this project: you will produce a financial statement analysis and valuation report that summarizes the financial health, projected future performance, and estimated value of the publicly traded (S&P 500) company that you selected at the beginning of the course. As an independent financial accounting analyst working for a major trade journal, your report is intended to inform a general audience about the overall financial well-being of the company and how it compares to a major competitor. Your report should cover information of interest to both internal and external stakeholders—summarizing major findings, suggesting ways to improve operational performance, and assessing investment potential. Keep in mind that brief, clear communications are essential in effectively reaching business and media audiences.

Financial Statements

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Financial Statements

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1. Based on Chapter 2 explain: “Further Look at Financial Statements”

2. In your own opinion, how are financial statements useful to managers and employees?

3. How are financial statements useful to investors and creditors?

4. Explain.by providing, support an opinion and explain why

5. Based on Chapter 2 Explain what a transaction is ?

 

6. After identifying a transaction, what are the first three steps in the accounting process, and can you provide an example of how these steps would be completed (this will help with this week’s exercise)?

 

Write a 700- to 1,050-word summary of your team’s discussion regarding IFRS versus GAAP. The summary should be structured in a subject-by-subject format.

Include an introduction and a conclusion. Your discussion should include the answers to the following:

  • IFRS 2-1: In what ways does the format of a statement of financial or position under IFRS often differ from a balance sheet presented under GAAP?
  • IFRS 2-2: Do the IFRS and GAAP conceptual frameworks differ in terms of the objective of financial reporting? Explain.
  • IFRS 2-3: What terms commonly used under IFRS are synonymous with common stock and balance sheet?
  • IFRS 3-1: Describe some of the issues the SEC must consider in deciding whether the United States should adopt IFRS.
  • IFRS 4-1: Compare and contrast the rules regarding revenue recognition under IFRS versus GAAP.
  • IFRS 4-2: Under IFRS, do the definitions of revenues and expenses include gains and losses? Explain.
  • IFRS 7-1: Some people argue that the internal control requirements of the Sarbanes-Oxley Act (SOX) of 2002 put U.S. companies at a competitive disadvantage to companies outside the United States. Discuss the competitive implications (both pros and cons) of SOX.

 

Format your paper consistent with APA guidelines (see rubric).