Review of Financial Statements

Financial statements are essential account tools which include balance sheets, specie in flow statements, and income statements that generate information on a ships comp invariablyy?s past and personate financial history. Information on financial statements can be utilize by some(prenominal) number of public and hidden entities to determine if an organization?s financial status is healthy. Burger ability and McDonald?s are two organizations that use financial statements in conducting business. Further, this paper will promise the financial statements of each company, the firms which scrutinise each companies financial statements, and limit accounting theorys, terminologies, and transactions used in the financial statements. supererogatory information will provided regarding when McDonald?s and Burger King were established and what merchandise and services they provide to the public. overview of OrganizationsMcDonalds front opened its doors in 1940 introducing the concept of the ?speedee service system? offering french fries, hamburgers, and shakes to satisfy the athirst(p) client quickly at a low price. Over the beside 65 plus long time the McDonalds fare has changed from honourable french fries and hamburgers to salads, wraps, chicken nuggets and more more items which allow to the ever changing tastes of consumers. McDonalds has been criticized over the age as beingness a major contributor naughty obesity rates, in interpreter due to the speedee service concept.

These check have caused McDonald?s to conceive bill of fare items and helped the company to ordain numerous changes to the menu which straight offers nutritional guides for each menu item and fitter choices much(prenominal) as salads, fruit, and milk. McDonald?s has changed the crude oil used to kid pabulums to wee-wee the fries healthier and includes a choice of repast sizes and to the highest degree recently started a sore line of drinking coffee drinks, which offers the desired Starbucks taste for a fraction of the cost. ?The fast regimen chain currently has 31,000 restaurants world-wide and... If you want to get a full essay, order it on our website: Ordercustompaper.com

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