Review of Financial Statements

Financial statements atomic number 18 essential accounting tools which include equaliser sheets, cash in flow statements, and income statements that provide information on a ships compevery?s past and present fiscal history. education on monetary statements can be used by any number of public and private entities to determine if an agreement?s financial status is healthy. Burger King and McDonald?s are two organizations that use financial statements in conducting business. Further, this paper pull up stakes address the financial statements of each company, the firms which audit each companies financial statements, and sic accounting concepts, terminologies, and transactions used in the financial statements. additional information will provided regarding when McDonald?s and Burger King were effected and what merchandise and services they provide to the public. overview of OrganizationsMcDonalds first opened its doors in 1940 introducing the concept of the ?speedee ser vice system? offering french fries, hamburgers, and shakes to contact the athirst(p) customer quickly at a low price. everyplace the next 65 plus years the McDonalds fare has changed from revered french fries and hamburgers to salads, wraps, chicken nug dos and many more items which leave to the ever changing tastes of consumers. McDonalds has been criticized over the years as organism a major contributor high obesity rates, in part due to the speedee service concept.

These criticism have caused McDonald?s to rethink carte du jour items and helped the company to enact numerous changes to the menu which now o ffers nutritional guides for each menu item ! and fitter choices such as salads, fruit, and milk. McDonald?s has changed the oil used to fry pabulums to make the fries healthier and includes a choice of meal sizes and most recently started a new line of alcohol addiction chocolate drinks, which offers the desired Starbucks taste for a fraction of the cost. ?The profligate food chain currently has 31,000 restaurants worldwide and... If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay