Reference no: EM133164214
Task: Contents of the Annual Report
The purpose of this task is to let you see some of the other important contents of the annual report of a large company, especially the auditor's report. Your tutor will introduce you to the key elements of the Cash Flow Statement and see how it relates to the Statement of Financial Position and the bank account.
Context
Here you will find a set of Financial Statements for BMW. These are the latest accounts available and are for the year ended 31 December 2020 :
BMW Group Report 2020
Task
Review the annual report for BMW for 2020
From the table of contents, see how many pages are there in the full set of financial statements!?
Can you find the auditors opinion? Why is this important?
Review the Cash Flow Statement
Can you spot the adjustments from accruals based profit to cash?
Why do you think the cash flow statement is split into the three sections?
What do you notice about the cash and cash equivalents line on the Statement of Financial Position?