Financial Statement Comparison
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This paper presents an analysis of the similarities and differences between the required annual reports filed by a publicly traded company, and the required reporting done by government entities on the CAFR. It gives special attention to what is required in a company's financial statement by the SEC. Consequences of failure to comply are also examined.
From the Paper:"According to an essay published on the IBM website, a publicly traded company's annual report presents data about the year's operations in addition to examining the company's future plans and prospects. Annual reports generated by public companies include a balance sheet, income statement, statement of cash flows, auditor's report and management's discussion and analysis of the result of operations. Corporations that fail to comply with the SEC's mandated reporting requirements can face a variety of sanctions including fines and even having the sale of the..."
Cite this Descriptive Essay:
Financial Statement Comparison (2008, December 01) Retrieved February 21, 2024, from https://www.academon.com/descriptive-essay/financial-statement-comparison-122821/
"Financial Statement Comparison" 01 December 2008. Web. 21 February. 2024. <https://www.academon.com/descriptive-essay/financial-statement-comparison-122821/>