Question

Hi my favorite study buddies :) I need some guidance. I only have 1 section of this assignment to do. Its for a team assignment. The companies we are using are Barnes and Noble and Netflix. I have the last bullet to discuss. I dont really know where to begin

Prepare a summary comparing the organizations’ two most recent fiscal years based on the following:

• Discuss the interrelationships noted among data provided by each statement.

• Describe where key components of the basic accounting equation are illustrated in the organization’s financial statements.

• Describe any control techniques

Answer 1

Correction. The last bullet is ...• Describe any control techniques or issues discussed in the statements.

That is my section...And im lost because I know nothing about this, and dont even know where to begin and try and find this information out. Is this something someone can assist me with?

Answer 2

hoping someone is smart enough to help..I will check back in a few. Trying to get another assignment done :(

Answer 3

By control techniques I guess they are talking about either ownesrhip control (poison pills, proxy fights) or performance control?

Answer 4

okay...so how would I describe this as it pertains to Netflix and barnes and Noble...?? Im even more lost now...

Answer 5

what class are you taking?

Answer 6

Fin330

Answer 7

Sorry, but I don´t go to your school. I guees you got to tell me the name...

Answer 8

why do you need the name of my school to help me with this question...? Just wondering

Answer 9

Because I need to frame the question... I need to use the context since I haven´t entirely understand the assignment.

Answer 10

I go to UF

Answer 11

Univeristy of Florida.

Answer 12

I´m sorry you got me wrong... I need the name of the subject...not
your school...

Answer 13

oh. lol. You mean the name of the assignment? Sorry, I told you I was dumb.lol

Answer 14

Yes, I meant that!

Answer 15

oh okay Let me look

Answer 16

This is all it tells me...

Resource: Review of Financial Statements Paper
Prepare a 1,050- to 1,400-word summary comparing the organizations’ two most recent fiscal years based on the following:

• Discuss the interrelationships noted among data provided by each statement.

• Describe where key components of the basic accounting equation are illustrated in the organization’s financial statements.

• Describe any control techniques or issues discussed in the statements.

Answer 17

But my section is just the last bullet...and NetFlix and Barnes and Noble are the compamys I am to use

Answer 18

Ok.. it gives somoe clues... and whats the name of the class FIN 330??? what is it about?

Answer 19

FINANCIAL ANALYSIS FOR MANAGERS

Answer 20

I guess the assignment is about looking for discussions of control techniques used by the management of those firms (i.e. targets for growth of balance sheet accounts or target levels for financial ratios). You should look within the annual report of those two companies, refer to those discusions and give your personal opinion.

However the wording of the assignement is kind of ambiguos! I guess this is my best shot

Answer 21

You will find key issues discussed in the chairman/CEO/Directors report section which is at the beginning of the company's Annual Report

Answer 22

okay...problem is I dont know how to read balance sheets, or find annual reports

Answer 23

Nitin009 that´s a nice hint. There´s a section called MD&A (management discussion and analysis) at the beginning.

Answer 24

Thanks Jorge. @Kelly ... you can download an annual report from the company's website. The section I'm talking about is not about numbers, it's written with words like a news report.

Answer 25

ph, okay. That helps. Thanks

Answer 26

i mean oh

Answer 27

Good luck :)