Review of Financial Statements

Financial statements atomic number 18 essential accounting tools which include match sheets, cash in flow statements, and income statements that provide information on a ships compevery?s past and present monetary history. randomness on monetary statements can be used by any number of public and private entities to determine if an placement?s financial status is healthy. Burger King and McDonald?s are two organizations that use financial statements in conducting business. Further, this paper depart 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 realized 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 sys tem? offering french fries, hamburgers, and shakes to fill the athirst(p) customer quickly at a low price. over the next 65 plus years the McDonalds fare has changed from reputable french fries and hamburgers to salads, wraps, chicken nug repairs and many more items which spare to the ever changing tastes of consumers. McDonalds has been criticized over the years as being a major contributor high obesity rates, in part due to the speedee service concept.

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

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