Accounting writing assignments Essay Example | Topics and Well Written Essays - 500 words

Accounting writing assignments - Essay ExampleIn order to obtain detailed pecuniary information about the company, it is necessary to analyse consolidated balance sheet and other financial statements of the company. The companys financial data clearly indicates that cut through has achieved $128,954 million in gross revenue for the fiscal year 2010. The company could effectively survive the impacts of 2009 global financial crisis and it attained a net income of $6,561 million in 2010. The annual report 2011 shows that the companys earnings per share is $1.66 although it has not issued dividends to shareholders. The consolidated balance sheet of the company illustrates that fords ingrained assets/total liabilities for the fiscal 2010 were $164,687 million. In addition, total shareholders equity of Ford was $-642 million.According to the managements discussion and analysis of financial condition and results of operations, most decently feature of the Ford is its flexibility to int egrate with various market situations (Ford Motor Company). The company distributes its costs and expenses under two categories such as cost of sales and selling, administrative and other expenses. This section clearly reflects that effective cost monitoring and control mechanisms have assisted the company to improve its profitability. The management report indicates that the ongoing global economic recovery has greatly benefited the company to improve its financial condition, which was very weak in the previous year (Ford Motor Company). In addition, the Ford possesses an efficient management team that effectively forecasts changing consumer tastes and specifications and thereby greatly aids R&D team to design innovative car models. The commonplace tone of the managements comments points that the company is passing through an economic recovery phase, and the micro-macro environments of the Ford offers potential opportunities to the company for the upcoming years (Ford Motor Compan y). At the same time, intense market competition is