Review of Financial Statements

Financial statements are essential account statement tools which include balance sheets, cash in in flow statements, and income statements that leave information on a ships comp perpetuallyy?s past and put financial history. Information on financial statements can be use by whatever number of public and private entities to determine if an organization?s financial status is healthy. Burger mightiness and McDonald?s are two organizations that use financial statements in conducting business. Further, this paper will anticipate the financial statements of each company, the firms which audit each companies financial statements, and go down accounting conceptions, terminologies, and transactions used in the financial statements. additional information will provided regarding when McDonald?s and Burger King were established and what trade in and services they provide to the public. overview of OrganizationsMcDonalds depression opened its doors in 1940 introducing the concept of the ?speedee service system? pass cut fries, hamburgers, and shakes to satisfy the athirst(p) client quickly at a low price. Over the following(a) 65 plus old age the McDonalds fare has changed from honourable french fries and hamburgers to salads, wraps, chicken nuggets and many a(prenominal) more items which allow to the ever changing tastes of consumers. McDonalds has been criticized over the years as beingness a major contributor superior obesity rates, in take apart due to the speedee service concept.

These objurgation have caused McDonald?s to afterthought wag items and helped the company to decree numerous changes to the menu which this instant offers nutritional guides for each menu item and fitter choices much(prenominal) as salads, fruit, and milk. McDonald?s has changed the oil colour used to kid pabulums to wangle the fries healthier and includes a choice of repast sizes and most recently started a modern line of drinking coffee berry drinks, which offers the desired Starbucks taste for a fraction of the cost. ?The fast nutrition chain currently has 31,000 restaurants cosmopolitan and... If you want to get a full essay, order it on our website: Ordercustompaper.com

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