ALL WORK MUST BE ORIGINAL AND NO PLAGIARISM. Each Question Must be 1 paragraph each with in text citation and reliable references
Select a public company of interest and research the company’s recent earnings announcements. Try using Google Finance or Yahoo Finance, for example, by searching on the company of your choice. Read about the company’s earnings: and answer, what was the market’s reaction to the self-reported earnings announcement? Briefly analyze the reported earnings per share; what is the company’s earnings outlook for the coming year? What are the company’s ‘business-related’ comments for the period in question [first quarter, for example]? What is the company reporting about near-term trends in revenue/growth/earnings? What were the company’s accomplishments for the period?
Researching the FASB Website. Go to the website of the Financial Accounting Standards Board (www.fasb.org). Identify the most recently issued financial reporting standard and summarize briefly (in one paragraph) its principal provisions. Also search under Project Activities to identify the reporting issue with the most recent update. Describe the issue briefly and the nature of the action taken by the FASB.
Researching the IASB Website. Go to the website of the International Accounting Standards Board (www.ifrs.org). Search for the International Financial Reporting Standards (IFRS) summaries. Identify the most recently issued international financial reporting standard and summarize briefly (in one paragraph) its principal provisions.