Financial Statement of Billabong International - Assignment Example

The paper "Financial Statement of Billabong International" is a good example of a finance and accounting assignment. As per the requirement of the unit and with your approval, I hereby enclosed the detailed analysis of the financial statements of ‘Billabong International’, considering the period starting from 2004 to 2008.

The company’s mission, vision, product and service and business strategies will give an overall picture of Billabong Limited. The profitability, liquidity and financial stability ratio calculations can be used to understand the financial position of Billabong. Some of those calculations are useful to compare the company with its competitors. The final part of the report is concentrated on identifying significant accounting policies, earnings management, and corporate social responsibility of Billabong International.

My effort was to produce the report according to your provided outline and hopefully, it will satisfy the requirements.

With best regards,

Yours sincerely

Khadiza Amin

(ID: 10035467)

Executive Summary

The report provides an analysis of the financial statement of Billabong International. This report is divided into three basic parts. The first part of the analysis consists of a background summary of the company’s products and services, its mission, and the strategic position of the company in relation to its competitors etc. It was found that Billabong International is a retail company made up of a number of businesses, which conduct its operation with a number of different brands. The company always focuses on continuous cost reduction with the help of its supply chain.

An analysis of the company’s profitability, liquidity, and capital structure has been done in part two, on the basis of the annual reports from 2004 to 2008. The analysis shows the financial position of the company and in some instances, comparison with its competitors reveals that the company is ahead of its competitors in different ways. This part also includes the economic factors that have an impact on the company’s financial performance together with any other factors that could affect the company’s overall performance. Comments on the auditors’ report have been made, and their independence and followed procedures have been discussed as well. It was found that the auditors’ independence was ensured and the audit was done according to the regulations.