Read the management discussion and analysis

Assignment Help Financial Accounting

Reference no: EM133373352

Questions: Examine revenue and related accounts. Revenue is the largest item on the income statement, so we need to assess it on a quantitative and qualitative basis.

a. Read the management's discussion and analysis (MD&A) section of the 10-Ks, which is found in Item 7 of the table of contents. Explain how the companies' senior managers explain net sales or revenue in the most recent fiscal year. Provide the page number(s) you are using from the 10-K as your reference to this question. Also, discuss at least two other items of interest discussed in the MD&A for each company.

B. Find the footnote or notes to the financial statements on sales revenue recognition and gift card revenue recognition policy if applicable. Provide the page number of the note for each company and how the company recognizes revenue. Also, in your response compare the revenue recognition to each other. Remember that the notes to the financial statements are an integral part of the financial statements, so are part of Item 8 and follow the audited financial statements.

C. Find the footnote or notes to the financial statements on the operations of the business and segment information. Provide a summary of what the company considers their business and segments. Include a discussion of why segment information is important information. Provide the page number you found this information. Remember that the notes to the financial statements are an integral part of the financial statements, so are part of Item 8 and follow the audited financial statements.

Reference no: EM133373352

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