skip to Main Content
The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

REVIEW (Review the following resources): – Balance Sheet & Income Statement Relationship: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/financial-statements-tutorial/v/balance-sheet-and-income-statement-relationship – Basic Cash Flow Statement: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/financial-statements-tutorial/v/basic-cash-flow-statement RESPOND (300 word count range): Financial accounting reports provide users with detailed information related to a company’s performance. The contents of each can be analyzed independently through industry comparisons and trend assessment. In addition, interrelationships between statements exist. – Research and identify at least one corporation, and describe the way in which the company’s balance sheet and income statement and their statement of cash flows is interrelated – provide examples specific to the company’s reports. – What are the expectations of accounting users, including investors, when it comes to quality reporting, and what are the consequences of poor quality reporting? – Did you observe any quality issues within the statements you reviewed? SEPARATE DISCUSS (100 word count): For the purpose of this discussion I’m using the Income Statement, Balance Sheet and Statement of Cash Flows for The Boston Beer Company ending December 28, 2019. I googled “companies with easy to read annual reports” and this one came up as one of the recommendations. I thought it would be pretty straight forward, however in exploring the first example given by the Corporate Finance Institute I found the following: 1. The net income from the bottom of the income statement links to the balance sheet and cash flow statement. Bostons Beer net income for period ending 12/28/19 was $110,041 Balance Sheet – I could not tie this amount out with the balance sheet. If I calculate the change in retained earnings between 12/29/18 and 12/29/19 I come up with $109,712, a difference of $329 Cash Flow – The Statement of Cash Flows does reflect the net income of $110,041. Accounting users including investors expect relevant and accurate reporting. According to Lev (2011) companies that don’t share relevant information face a substantial share price discount, a higher cost of capital, and a more volatile stock price. The only quality issues I observed was that I didn’t see a supporting schedule for the other income and other expense which were both reported as net. I thought it would be helpful to see more detail.

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don’t hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®