As a team, analyze consolidated financial statements and make recommendations to leadership based on your findings....

As a team, analyze consolidated financial statements and make recommendations to leadership based on your findings. accounting

Expert Solution

As a team, analyze consolidated financial statements and make recommendations to leadership based on your findings.

Answer.

There are certain qualities within an organization which could lead them into business for creating certain standards followed by other companies. The leader is one with innovative skills and regular growth with the high quality product and services.

Here the consolidated financial statements chosen is of APPLE:

Recommendations to the Leadership would be made on the basis pf certain factors:

- Vision and mission: The company's mission is to provide better experiences to the customers through quality services and innovative experiences. The company is currently working for it and is improving day by day.

- Be more strategic: With the regular timings, the company is working to achieve it's organizational goal for the purpose of increasing net income and value to APPLE. It is been considered as one of the biggest organization in the world for innovative services.

- Professional Capabilities: The company is ensuring that any complaint received from the customer would be taken care immediately in order to retain the customers as well as the brand value.

- Growth: The growth of this company is visible to every one. From competing with Microsoft for survival and now becoming the biggest brand, this company is improving every single day.

- High Quality decisions: The main focus of this company is on smartphones and its camera is the ultimate example of maintaining the quality. No one could ever match the quality of it's camera.

These qualities would be better considered for the recommendations purpose towards leadership.

ekkarill92 answered 2 years ago

Research the FASB ASC codification about non-controlling interests in consolidated financial statements. Share your findings and...

Research the FASB ASC codification about non-controlling interests in consolidated financial statements. Share your findings and your interpretation of the rules. Be sure to include cites from the FASB codification.

what constitutes "consolidated financial statements. Explain the meaning of consolidated financial statements. the definition of consolidated...

what constitutes "consolidated financial statements. Explain the meaning of consolidated financial statements. the definition of consolidated financial statements from the FASB's Master Glossary. outline the year-end steps to comply with the new FASB statements.

Which of the following is a limitation of consolidated financial statements? Consolidated financial can mask the...

Which of the following is a limitation of consolidated financial statements? Consolidated financial can mask the performance of weaker companies. Ratios and percentages derived from consolidated financial statements can be deceptive because they are composite (weighted) averages. Consolidated statements can eliminate detail about product lines, divisional operations, and the relative profitability of various business segments Answers “a” and “b” only All of these are limitations of consolidated financial statements.

Analyze the situation in the "Chace Shipping" case study reading for this unit. Make your recommendations...

Analyze the situation in the "Chace Shipping" case study reading for this unit. Make your recommendations for how William Chace should respond to the opportunities to bid on contracts for his ship, Glory. Specify a range of options, including which options would be suitable if Mr. Chace wishes to: Minimize the risk of loss. Maximize the chance of profit. Pursue the largest expected return. Support your recommendations with detailed analyses presented in a Word document. Paste your graphs, tables, or...

Company A released financial statements for year end 2021. The financial statements were consolidated financial statements,...

Company A released financial statements for year end 2021. The financial statements were consolidated financial statements, which combined results of their own business, with the results of Company B. Based on this information, what type of business combination occurred on the date these two companies combined ? A) Statuatory Acquisition B) Statuatory Consolidation C) Statuatory Merger D) Hostile Takeover

Noncontrolling interest appears in the financial statements of: the parent company and the consolidated financial statements...

Noncontrolling interest appears in the financial statements of: the parent company and the consolidated financial statements the consolidated financial statements only the subsidiary company and the consolidated financial statements the parent company only

For what purposes are the consolidated financial statements prepared?

A1 Systems Inc. is a U.S.-based company that prepares its consolidated financial statements in accordance with...

A1 Systems Inc. is a U.S.-based company that prepares its consolidated financial statements in accordance with U.S. GAAP. The company reported income of $8,000,000 in 2014 and stockholders’ equity of $30,000,000 as of December 31, 2014. The CFO of A1 Systems has learned that the U.S. Securities and Exchange Commission (SEC) is considering requiring U.S. public firms to use IFRS in preparing consolidated financial statements. The company wishes to determine the impact that a switch to IFRS would have on...

Bessrawl Corporation is a U.S.-based company that prepares its consolidated financial statements in accordance with U.S....

Bessrawl Corporation is a U.S.-based company that prepares its consolidated financial statements in accordance with U.S. GAAP. The company reported income in 2014 of $1,000,000 and stockholders’ equity at December 31, 2014, of $8,000,000. The CFO of Bessrawl has learned that the U.S. Securities and Exchange Commission is considering requiring U.S. companies to use IFRS in preparing consolidated financial statements. The company wishes to determine the impact that a switch to IFRS would have on its financial statements and has...

Continuing with the scenario from your product overview, report your findings and recommendations to the stakeholders...

Continuing with the scenario from your product overview, report your findings and recommendations to the stakeholders of your company. Your job is to help the company launch a new pet food line. The food line will be for both cats and dogs, and the company is excited because the product is made of all natural ingredients. You will need to make some key strategic recommendations about how to launch and promote this new product line. Create a presentation to share...

Question