This assignment aims to show how situations on the market and in the business influence the...

 

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This assignment aims to show how situations on the market and in the business influence the financial condition of the business entity. You can use an existing company, or you can invent it. 1. Choose the industry in which your company operates (e.g., tourism, arts, IT, medical, consulting ... etc.). 2. Briefly describe what your company does (e.g., organizing trips, organizing mass events, building computer networks, selling safety masks, tax consultancy... etc.). 3. Prepare a balance sheet statement, income statement, and cash flow statement for the full years of 2019 (before the COVID-19 pandemic), 2020 (during the pandemic), and 2021. These reports must show the property situation, profitability, and liquidity of your company each year. Remember that all three reports are connected. Briefly comment on the main items of each of the financial statements (e.g., cash flow from financing was positive in 2020 due to taking a bank loan for financing lack of liquidity). This assignment aims to show how situations on the market and in the business influence the financial condition of the business entity. You can use an existing company, or you can invent it. 1. Choose the industry in which your company operates (e.g., tourism, arts, IT, medical, consulting ... etc.). 2. Briefly describe what your company does (e.g., organizing trips, organizing mass events, building computer networks, selling safety masks, tax consultancy... etc.). 3. Prepare a balance sheet statement, income statement, and cash flow statement for the full years of 2019 (before the COVID-19 pandemic), 2020 (during the pandemic), and 2021. These reports must show the property situation, profitability, and liquidity of your company each year. Remember that all three reports are connected. Briefly comment on the main items of each of the financial statements (e.g., cash flow from financing was positive in 2020 due to taking a bank loan for financing lack of liquidity).

Answer rating: 100% (QA)

1 The company I have chosen is a medical company 2 My company provides medical services These services can be anything from general check ups to more specialized services such as surgery 3 My company ... View the full answer