FINANCIAL STATEMENTS ATTACHED ALREADY – Overview: The final project for this course is the creation of a financial statement analysis. A business’s financial statements offer important insights into its
performance and financial health that help guide internal managers’ and external investors’ resource allocations. For a financial analyst, being able to accurately
read and interpret these statements is a critical tool in making sound recommendations to clients or company executives. Analysts also need to understand how
the limitations of these statements and the legal and ethical obligations that underpin them impact business decisions.
Prompt: In this milestone, you will submit your chosen company’s financial statements for a three-year period and a portion of the analysis step (Part II),
Section A: Financial Statements’ Role. First, submit the three financial statements, including 1) income statement, 2) balance sheet, and 3) cash flow statement
for a three-year period for your chosen company (one that has been in existence for at least five years). Lastly, you will define the purpose of the three financial
statements and explain why it is important that these statements be completed accurately and ethically.
Specifically, the following critical elements must be addressed:
I. Financial Statements. Locate and submit the following financial statements for your chosen company for the last three years:
a) Income Statement
b) Balance Sheet
c) Statement of Cash Flow
II. Analysis.
a) Describe the financial statements’ roles in evaluating company performance. Briefly and in general terms:
1. Assess the strengths and limitations of financial statement analysis in evaluating a company’s performance. Be sure to explain how those
strengths and limitations affect your analysis. In other words, what can the company’s financial statements tell you about its
performance and limitations, and how does that information affect interpretation of results?
2. Explain why it is important that these statements be completed accurately and ethically and what the ramifications are if they are not.
Guidelines for Submission: Your paper must be submitted as a 2–3 page Microsoft Word document with double spacing, 12-point Times New
