Topic 8 essay questions on financial statements and a couple questions on Northrop Grumman 2015 annual reports
Northrop Grumman 2015 annual reports website
8 essay questions on financial statements and a couple questions on Northrop Grumman 2015 annual reports
1) What 3 items of important information does the income statement reveal about the financial performance of the company over the last three years?
2) What 3 items of important information does the balance sheet reveal about the financial position of the company over the last two years?
3) Can you identify the major sources of funding used by the company from the information presented in the company’s Cash Flow Statement? If not, how could you get this information?
4) Who is responsible for: a) the issuance, and b) the content of the company financial statements?
5) What assurance, if any, is there that the financial statements are in compliance with GAAP, and are free of material misstatements?
6) Of what use, if any, are the notes to the financial statements? Give 2 facts learned from reading footnotes.
7) What can you learn from Business Section of the 10-K? Give two facts about the company that you picked from the Business Section. Note: For question 7 , I am looking at using “Item 1A. Risk Factors” on US government reductions in governmental spending (page 16), and unable to adequately to protect NG intellectual property rights.
8) What Can you learn from the Management’s Discussion and Analysis of Financial Condition and Results of Operations in the 10-K? Give two facts about the company from this section.