ACC 561 Week 2in Accounting by ayako
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ACC 561 Week 2
Learning Team Assignment: Financial Statement Analysis
Choose three companies, one from each of the following three sectors: manufacturing, service, and retail sales. One company must be foreign.
Compute the quick and current liquidity ratios, the DuPont ratio, profit margin, asset utilization, and financial leverage of each of the three companies.
Write a paper in no more than 1,050 words discussing how differences in the industries and different IASB and FASB measurement conventions affect presentations. If one of the companies uses the cash basis of accounting, how would that differ from the accrual basis?
Format your paper consistent with APA standards.
Assessed Discussion Question
In what ways do the elements of the four financial statements (The four main financial statements being: balance sheet, the income statement, the statement of cash flows, and the statement of changes in owners equity.) interact with one another? How might changing one of the financial statements affect the other financial statements? Why is it essential to understand the relationship between the financial statements?