Business Machines (IBM), writes a letter to shareholders containing an annual report (2001) of the company. In this letter Rometty, aims to convince her readers of how well the company is doing even in a recession. She did that by means of presenting facts (plain) and also reaching to them in a softer more informal tone (persuasive). Rometty begins her letter by adopting a very positive and optimistic tone. “I am pleased to report that IBM had another strong year in 2011” by doing this she is able
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projects are not posted on Starbucks financials they are listed on the other companies’ financial records. References Starbucks Corporation. (2011, Fall). Starbucks Corporation Fiscal 2011 Annual Report. Retrieved from http://phx.corporate-ir.net/preview/phoenix.zhtml?c=99518&p=irol-reports
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new enhanced standards are necessary. The new standards hold officers accountable for their actions and pertain to “Corporate Responsibility for Financial Reports”. In Section three hundred two of the act of periodic statutory financial reports have to include certifications assigning officer or officers have reviewed the report. The report does not contain any untrue statements or material omission or be considered misleading. Financial statements are fairly present, signing officers are responsible
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revenues and incur expenses according to the financial statements. The auditor finds a press release from the chief decision maker and states that, “On page 6 of the annual reports of your (SPI) annual report, you (chief decision maker) identify seven product lines.” Finally, all the information is available because they are in the annual reports. According to FASB Accounting Standards Codification 280-10-50-11: Two or more operating segments maybe aggregated into a single operating segment if they have
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dividends are not declared. It is important to remember the SEC encourages companies to disclose their dividend policy in their annual report especially if the firm has recorded earnings, but does not dividends. 3) When Ace started producing the new product there were no competitors. With this understanding a notation of a subsequent event is presented in the reports. When this occurred an auditor might deduce that Ace’s competitive situation was evident at the end of the reporting period. The
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and understand the economics of the industry and the economy.) As part of this analysis, a written understanding of industry economics (national and regional) must be completed. Review Orrstown’s annual reports and stated strategies? Have these strategies been followed? Review past annual reports. In 2009 Orrstown named a new president and Chief Executive? What are his/her credentials? Has this individual performed well or poorly? Why/why not? Finally, comment on the quality of the Financial
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Second Homework 1. Publicly traded firms are required to produce annual reports and other disclosures. In what ways might a rival firm benefit from such disclosures? As part of your answer, identify at least one benefit that might have the effect of harming the disclosing firm. Analysts typically research and make buy and sell recommendations for about ten companies. Each analyst tends to follow firms that are all in the same industry. Why? Think about the process of gathering, understanding and
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International Survey of Corporate Responsibility Reporting 2011. We believe that this report represents the largest and most comprehensive survey of CR reporting trends ever published. Thirty-four hundred companies representing the national leaders from 34 countries around the world, including the largest 250 global companies based on the Fortune Global 500 ranking, were included in our research. Since we published our first report in 1993, KPMG’s International Survey of Corporate Responsibility Reporting has
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previously issued quarterly and audited annual financial statements for the fiscal year 2011, 20012 and 2013 including its recently released earnings from March 4, 2013.. Tech Data Corporation announced to restate in the recommendation of management, audit committee of its Board of Directors and after discussion with the Company’s independent accountants, Ernst & Young LLP. Tech Data Corporation will look for a 15 day filing extension for its Annual Report on Form 10-k of the fiscal year ended
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identify the processes that Starbucks use to comply with SEC regulations. Additionally, this paper will include the evaluation of Starbucks’ financial performance over the past two years using financial ratios on the data analyzed in the last two annual reports and SEC filings to conclude its
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