Essay: Financial Information Including Assets

Sample Essay

The financial position and information of the Qantas Airlines will be ascertained through the following documents and procedures.

Annual reports of three previous years including the audit report and audited financial statements
Financial statements of recent quarter or period
Credit rating and standing of the company
Research analysis reports based on company’s financial statements
A report indicating the internal control mechanism implemented in the company
A list of all current and noncurrent liabilities
Inventory and inventory class schedule of the current year
A complete set of receivables with customer information and credit standing
A report indicating the procedures and methods followed for inventory management, receivables management, depreciation and amortisation for the past three years
A comprehensive list of all noncurrent assets including details of purchase, sale, lease and exchange of such assets
A report of various business locations of the company throughout the world with details of ownership, lease and rental agreements
List of all intangible assets owned by the company with details of internal development, purchase and amortisation of such assets
Evaluation of fixed, variable, direct and indirect expenses of the company
A report presenting profit margin of the company in various seasons for the past five years
Complete set of records of transactions with books and ledgers of the company