Learning Team Assignment: Review of Financial Statements Paper You are attending a managerial meeting in your publicly held organization to hear a proposal for a possible corporate merger with a competitor. After a brief discussion, the chief financial officer conducts a presentation showing the competitor’s financial statements. Some of your colleagues have little or no financial background. You have decided to further their understanding by conducting a financial comparison of two publicly traded organizations. · Resources: Electronic Reserve Readings, Week Two readings · Select two publicly traded organizations. · Prepare a 1,050- to 1,400-word paper to provide an introductory overview of the financial statements, addressing the following:o Provide a brief overview of each organization and highlight key information available on each statement, including the following items for each organization: · What is the organization’s product or service? · When was the organization established? · What accounting organization audited its financial statements?o Identify the financial statements utilized by your selected organizations.o Define basic accounting concepts, terminology, and transactions discussed in the organization’s financial statements, and list the accounts affected by the transaction. Also, identify financial statements affected by the transaction.
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