Review of Financial Statements

Financial statements ar essential accounting tools which include ease sheets, cash in flow statements, and income statements that provide information on a ships compevery?s past and present pecuniary history. randomness on monetary statements can be used by any number of public and private entities to determine if an presidency?s financial status is healthy. Burger King and McDonald?s are two organizations that use financial statements in conducting business. Further, this paper go forth 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 service system? offeri ng french fries, hamburgers, and shakes to cope with the athirst(p) customer quickly at a low price. over the next 65 plus years the McDonalds fare has changed from laureate french fries and hamburgers to salads, wraps, chicken nug grabs and many more items which seize to the ever changing tastes of consumers. McDonalds has been criticized over the years as cosmos a major contributor high obesity rates, in part due to the speedee service concept.

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

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