Human_Right_in_Vietnam

Annual Report Analysis By: Nghia Truong Instructor’s: Brandy Havens Course: Intermediate Accounting 1 SUMA 11 Sec H Friday, August 12, 2011 1/ who are the firm’s auditors' Do they provide a clean opinion on the financial statements' The firm’s auditor Boeing Corporation is The Audit Committee (the committee) is established by and amongst the Board of Directors. The Audit Committee does provide a clean opinion on the corporation financial statements. In fulfilling their responsibilities hereunder, it is recognized that the members of the Committee are not full-time employees of the Company and are not, and do not represent themselves to be, accountants or auditors by profession. As such, it is not the duty of the Committee or its members to conduct "field work" or other types of auditing or accounting reviews or procedures, and each member of the Committee shall be entitled to rely on (i) the judgment of those persons and organizations within and outside the Company that it receives information from and (ii) the accuracy of the financial and other information provided to the Committee by such persons or organizations 2/ Have there were any subsequent events, errors and irregularities, illegal acts, or related-party transactions that have a material effect on the financial statements' The corporation does not have any subsequent events, errors and irregularities, illegal acts, or relate-party transactions that have a material effect on the financial statements. 3/ Describe the trend in total assets and total liabilities for the years presented The trend of total asset is increase yearly and total liabilities also increase yearly. 4/ what are the company’s three largest assets for the most recent year presented' The company largest assets for the most recent year presented are fixed asset, account receivable and inventories. 5/ what are the company’s three largest liabilities for the most recent year presented' The company largest liabilities for the most recent year presented are accrued liabilities, current liabilities, and account payable. 6/ what types of stock do the company has' How many outstanding shares are there for each type of stock for the most recent year presented' The company have preferred and common stock. 7/ Does the company use the single-step income statement, multiple-step income statement, or a variation of both' Boeing Company use multiple –step income statement, because Boeing income statement uses multiple subtractions in computing the net income shown on the bottom line. The multiple-step profit and loss statement segregates the operating revenues and operating expenses from the no operating revenues, no operating expenses, gains, and losses. The multiple-step income statement also shows the gross profit (net sales minus the cost of goods sold). 8/ Does the income statement contain any separately reported items, including discontinued operations or extraordinary items, in any year presented' If it does, describe the event that caused the item. (Hint: There should be a related footnote.) 9/ Describe the trend in net income over the years presented. Boeing company net income increase over the years from 2009-2011 Boeing commercial airplanes second quarter revenue increase by 19% to 8.8 billion on higher deliveries, improved model mix and higher services volume. 10/ Does the company have other comprehensive income' If yes, what is the nature of the transaction(s)' Comprehensive income is a loss or gains on foreign currency transactions are an example. For most firms, comprehensive income is more volatile, exceeding net income in some years, but falling below net income in other. Comprehensive income also is an equal’s net income minus all recognized changes in equity during a period. Boeing Company does not have comprehensive income. 11/ Does the company use the indirect or direct method of the cash flow statement' Boeing Company use direct method for company to creating a statement of cash flows during a given reporting period. The method uses actual cash flow information from the company's operations segment, instead of using accrual accounting values. 12/ what is the trend in cash from operations for the years presented' Boeing cash from operations was increasing and reflecting strong operating performance and continue investment in development program. 13/ what are the two largest items included in cash from investing activities' Investing in marketable securities total $8.8 billion at 2011 quarter-end up from $7.8 billion at the beginning of the quarter. Annual Report Analysis By: Nghia Truong Instructor’s: Brandy Havens Course: Intermediate Accounting 1 SUMA 11 Sec H Friday, August 12, 2011 1/ who are the firm’s auditors' Do they provide a clean opinion on the financial statements' The firm’s auditor Boeing Corporation is The Audit Committee (the committee) is established by and amongst the Board of Directors. The Audit Committee does provide a clean opinion on the corporation financial statements. In fulfilling their responsibilities hereunder, it is recognized that the members of the Committee are not full-time employees of the Company and are not, and do not represent themselves to be, accountants or auditors by profession. As such, it is not the duty of the Committee or its members to conduct "field work" or other types of auditing or accounting reviews or procedures, and each member of the Committee shall be entitled to rely on (i) the judgment of those persons and organizations within and outside the Company that it receives information from and (ii) the accuracy of the financial and other information provided to the Committee by such persons or organizations 2/ Have there were any subsequent events, errors and irregularities, illegal acts, or related-party transactions that have a material effect on the financial statements' The corporation does not have any subsequent events, errors and irregularities, illegal acts, or relate-party transactions that have a material effect on the financial statements. 3/ Describe the trend in total assets and total liabilities for the years presented The trend of total asset is increase yearly and total liabilities also increase yearly. 4/ what are the company’s three largest assets for the most recent year presented' The company largest assets for the most recent year presented are fixed asset, account receivable and inventories. 5/ what are the company’s three largest liabilities for the most recent year presented' The company largest liabilities for the most recent year presented are accrued liabilities, current liabilities, and account payable. 6/ what types of stock do the company has' How many outstanding shares are there for each type of stock for the most recent year presented' The company have preferred and common stock. 7/ Does the company use the single-step income statement, multiple-step income statement, or a variation of both' Boeing Company use multiple –step income statement, because Boeing income statement uses multiple subtractions in computing the net income shown on the bottom line. The multiple-step profit and loss statement segregates the operating revenues and operating expenses from the no operating revenues, no operating expenses, gains, and losses. The multiple-step income statement also shows the gross profit (net sales minus the cost of goods sold). 8/ Does the income statement contain any separately reported items, including discontinued operations or extraordinary items, in any year presented' If it does, describe the event that caused the item. (Hint: There should be a related footnote.) 9/ Describe the trend in net income over the years presented. Boeing company net income increase over the years from 2009-2011 Boeing commercial airplanes second quarter revenue increase by 19% to 8.8 billion on higher deliveries, improved model mix and higher services volume. 10/ Does the company have other comprehensive income' If yes, what is the nature of the transaction(s)' Comprehensive income is a loss or gains on foreign currency transactions are an example. For most firms, comprehensive income is more volatile, exceeding net income in some years, but falling below net income in other. Comprehensive income also is an equal’s net income minus all recognized changes in equity during a period. Boeing Company does not have comprehensive income. 11/ Does the company use the indirect or direct method of the cash flow statement' Boeing Company use direct method for company to creating a statement of cash flows during a given reporting period. The method uses actual cash flow information from the company's operations segment, instead of using accrual accounting values. 12/ what is the trend in cash from operations for the years presented' Boeing cash from operations was increasing and reflecting strong operating performance and continue investment in development program. 13/ what are the two largest items included in cash from investing activities' Investing in marketable securities total $8.8 billion at 2011 quarter-end up from $7.8 billion at the beginning of the quarter. Human right in Vietnam is a isssue betwen US and Vietname communist government