Need accounting help with a GROUP FINANCIAL STATEMENT ANALYSIS PROJECT- Powerpoint

GROUP FINANCIAL STATEMENT ANALYSIS PROJECT ;

The objective is to prepare a report comparing two firms that are ;competitorsin the same industry (WE CHOSE HOME DEPOT VS LOWE’S) to determine which company appears to be a better investment from the viewpoint of a potential shareholder. ; The two companies should have same fiscal year end, preferably December 31. ; Report your findings in a powerpoint format. The length of these options is up to you, but there must be sufficient materials presented to provide a critical analysis of the project. ;

My job is to:

· ;According to the management report (also called “Responsibility for Financial Reporting”), who bears responsibility for the integrity and objectivity of the financial statements? ;

– What means does management use to assure that the financial information is reliable?

– ;An audit committee is comprised of several members of the board of directors. ; The committee acts as the liaison between the independent auditor and the corporation. ; What is the responsibility of the Audit Committee of the Board of Directors?

· ;Discuss the audit report:

– ;Who is the corporation’s independent auditor and in which city is the auditor located?

– ;List and explain the types of audit opinions.

– ;Read the auditors’ opinions of the companies and indicate the type of opinion expressed by the auditors. ;

– ;An auditor’s report will state the responsibility of the auditor. ; What is the responsibility of the auditor with regard to the financial statements.

– ;What guidelines do the auditors use to conduct the audit?

– ;Do the auditors believe the financial statements were presented fairly? ; What statements in the audit opinion support your conclusion?

· ;Present a comprehensive financial statement analysis. ; Prepare the common size statements and all the ratios and amounts for the measures given below for the three most recent years for both of your companies and present in a clear tabular form. ; Then discuss each category given below.

– ;Common-Size financial Statements ;

– ;Ratios from chapter 15 ; ( I can scan the pages. It is GARRISON NOREEN BREWER- MANAGERIAL ACCOUNTING 15TH ;EDITION)

I have a Powerpoint template about HOME DEPOT and LOWE’s you can use, UNLESS you have a ;better one.

Home Depot vs Lowe’s LAYOUT.ppt