Evaluating the two companies financial statements

Assignment Help Corporate Finance
Reference no: EM1348163

A company has recently met with the auditors to discuss the scope of the year's audit. I need help with these questions.

1. Discuss the reason for an integrated audit.
2. Give a recent failure of a corporate governance. What action did the public think was necessary to improve the quality of corporate governance in this example?
3. Give a definition of auditing and corporate governance to help in the understanding of an integrated audit.

Choose 2 companies, one in the manufacturing industry and one in the service industry, find their financial statements for the last 2 years.

In a 3 to 4 pages, explain the differences in the financial statements for the two companies. All references must be cited

1.What accounts are found on one set of financial statements that are not found on the other set? Compare and contrast the capital structure of the two companies.
2. When evaluating the financial statements of the same company, identify and analyze what happened to that company for the 2-year period being compared, If there was an increase or decrease in an account, what happened in the company to cause the change? For example, if the company's profit increased during the period, what happened in the company to cause this increase?

Evaluate the two companies' financial statements without using ratio analysis when evaluating these companies' financial statements.

 

Reference no: EM1348163

Questions Cloud

What actions were built into your strategic plan : What actions were built into your strategic plan to achieve competitive and financial success with that strategy, Why you selected the strategy you used
Example of good or service market : Give an example of a good or service market that is close to perfectly competitive, and then defend your choice. (Us tobacco for service market)
What strategies would you implement for pricing : Now you are losing a few of your clients to a local competitor who has undercut your pricing, resulting in more net losses in clients. What strategies would you implement for pricing your services?
Find out the masses of the fragments : A 3.00-m-long, 400 kg steel beam extends horizontally from the point where it has been bolted to  framework of a new building under construction. A 74 kg construction worker stands at the far end of the beam.What is the magnitude of the torque abo..
Evaluating the two companies financial statements : A corporation has recently met with auditors to discuss scope of year's audit. Talk about the reason for an integrated audit and give a recent failure of a corporate governance.
Define what needs to be done to manage risk on a project : Define what needs to be done to manage risk on a project. When must this be done? How can risk assessment matrix aid in this process?
Java program to ask user to enter favorite color : Write a Java program to ask the user to enter favorite color, a favorite food, favorite animal, and first name of a friend or relative.
How to calculate the angular momentum of the system : What mass (in grams) of steam at 100°C must be mixed with 377 g of ice at its melting point, in a thermally insulated container, to produce liquid water at 58.0°C? The specific heat of water is 4186 J/kg·K. The latent heat of fusion is 333 kJ/kg, ..
Production cost variances : When determining end of period production cost variances, which of the following product costs components will require flexing?

Reviews

Write a Review

Corporate Finance Questions & Answers

  Calculate the price of the straight preferred stock

Barnes Air Conditioning, Corporation, has two (2) classes of preferred stock: floating value preferred stock & straight preferred stock. Both issues have a par value of 100 dollar.

  Determine effect of economic exposure

Longhorn a firm based in Mexico but purchases its materials in Philippines. If the peso strengthens what effect will this have in terms of economic exposure?

  Taxation, financial disclosure and ownership structure

Discuss and explain the differences between businesses in the United State & in other countries with respect to financial disclosure, taxation, and ownership structure.

  Explain the organization chart of finance function

Explain the organization chart of finance function in a typical organization. What is  the key function of each role/position? Explain the difference between the  treasury and controller function.

  Explain what is yield that jane would earn

Explain what is the yield that Jane would earn by buying it at this price and holding it to maturity?

  Calculate the monthly car payments

You are planning buying a new, $15,000 car, & you have $2,000 to put toward a down payment. If you can negotiate a nominal yearly interest rate of 10% & finance the car over 60 months,

  Determination of monthly payments

Suppose you borrow $350000 to create a new home. The bank charges an interest rate of 5 percent compounded monthly. If you pay back the loan after 25 years find your monthly payments.

  Investment in fixed assets or borrow funds

Analysis on whether to go for investment in Fixed Assets or borrow funds - what conclusion can you draw from it

  The net present value criterion

A firm is considering to invest $75,000 in a personnel training program. The $75000 outlay will be charged off as an expense by the firm this year.

  Briefly explain business, audit and security risk

Understanding risks is important for any business. As discussed in our text by Bryant, Hunton, and Bagranoff, risks are  categorized   in four major parts:

  Find the initial cost and total value

The management of Mitchell labs announced to go private in 2002 by purchasing in all 3 million of its outstanding shares at 19.50/share. By 2006 management had restructured the firm by selling off petroleum research division for 13 million.

  Formulate and justify an investment policy statement

Mr. Franklin is thirty-five years of age, is in good health, & pursues an active life style. He is married & his spouse is same age and is in also very good health.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd