Review the Bank of America general business information, letter or report to shareholders, and management’s discussion and analysis of the company provided in the annual report.
- Summarize the business. Considering also:
- The business entity as a whole including the demographic location
- Where is the business located?
- Does the business have a physical building?
- It may help to understand if a business location compliments or discredits what is presented in the financial statements.
- How the business is organized
- Corporation
- Partnership
- Proprietorship
- Length of time in business
- History of the business
- Is the company currently involved in litigation?
- The business entity as a whole including the demographic location
- Explain management’s analysis of the company and predictions for the future.
Part II
Deliverable Length: 1 page
Review Bank of America financial statements and then respond to the following questions:
- Calculate the following ratios:
- Net profit
- Debt to equity
- Net quick
- Perform a trend analysis on net income after interest and taxes.
- What is the overall financial condition of the company based on your analysis?
NEW CONTENT
Part III
Deliverable Length: 2 pages
- In your opinion, how is the reliability of financial statements (including statements prepared by management)
- How the financial statements you have reviewed complies with the SEC Code of Ethics, especially:
- Fair and full reporting of financial information
- Full compliance with SEC rules and regulations
- Unethical financial dealings
- Accountability
