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Identify and explain the main sections of the annual report

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  • Post Date 2018-11-05T12:28:12+00:00
  • Post Category Essays

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Identify and explain the main sections of the annual report

Annual Report Project

INSTRUCTIONS:
Obtain a current annual report for any U.S. company you are interested in analyzing. You may download it from its website or from the LRC data base called Mergent Online. Each student must choose a different company to analyze. MY company is Starbucks Write a 2-3 page paper in which you: 1. Identify and explain the main sections of the annual report. 2. Discuss the key factors that influenced the company`s financial performance during the year. 3. Discuss the primary assets held by the company. 4. Explain how management characterizes the internal control environment of the company Your assignment must: Be typed, double spaced, using Times New Roman font(size 12), with one-inch margins on all sides; references must follow APA format.
CONTENT:
Annual Report Project-Starbucks Name: Course: Professor Name: (February 23, 2012) .  Main sections of the annual report The main sections of the annual report indicate the big picture of the financial report. The common sections are auditor`s report, financial statements, notes to the financial statements and the management discussion and analysis (Investor.starbucks.com., 2009). The auditors` report is critical in the Starbucks financial report in that in indicates the accuracy of the numbers used. Auditors highlight future concerns of the company by all the stakeholders. The editors basically indicates the direction of the company, whether declining or inclining and the probable areas of improvement (Investor.starbucks.com., 2009). Financial reports in the Starbuck are critical, in that they establish the income statement, balance sheet and statements on cash flows. This is critical in identifying the actual position of Starbuck Coffee Company in the market. The notes to the financial statements indicate the potential challenges with the numbers used in the report and the means in which the editors arrived at the numbers (Investor.starbucks.com., 2009). This is essential in maintaining accuracy of the annual reports in the Starbuck Coffee Company. The section detailing the management discussion and analysis is critical in that it identifies rising and falling of the financial results. Factors affecting the operations of Starbuck Coffee Company are cl...

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