Question: Financial Statements Microsoft NOTE: The 2 0 2 2 Annual reports won t be available until about March of 2 0 2 3 so it
Financial Statements Microsoft
NOTE: The Annual reports wont be available until about March of so it is okay to use the annual reports for this project.
Your team can determine which source to use for this project. You must be consistent with your sources meaning, dont use Mergent Online for Income Statement and Yahoo Finance for the balance sheet. If you are going to use Mergent Online, use this source for all your financial statements.
Try to keep each financial statement; the income statement, balance sheet and statement of cash flows to one page. IMPORTANT: You can summarize or modify financial statements as you see fit. Some sources just give too much information and you can simplify the financial statement. You can summarize areas and dont have to list every item shown to you. The goal is to make your financial statement readable, practical for this project and professional looking as taught in your accounting class.
Also, DO NOT develop your competitors financial statements. If you have any questions, talk with your professor.
Using Excel and using the most recent published annual financial statement for your company, In Excel, develop your own financial statements. Develop and present the most recent annual MultiStep Income Statements, Classified Balance Sheets and Indirect Statement of Cash Flows for years.
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