According to the textbook, the goal of financial reporting is to report financia

According to the textbook, the goal of financial reporting is to report financial information that is transparentand complete and truthfully report the financial performance of a company. lnvestors and other interestedparties need to read and understand all aspects of financing reporting.Use the lnternet to research Verizon Communications’financial statements, annual report, notes to thefinancial statements, president’s letter, and management discussion and analysis from the most recent yearin order to complete this assignment.Write a five to six (5-6) page paper in which you:1. Discuss the disclosure requirement on accounting policies, and identiff at least two (2) examples ofthe most commonly required disclosure. Explain the key ways in which the examples you provided areusefulto financial statement users. Analyze Verizon Communications’disclosure on accountingpolicies, and give your opinion on whether or not the information is helpful for decision making.Provide a rationale for your response.2. Explain the importance of the management discussion and analysis section of an annual report.Select three (3) items from Verizon’s management and discussion analysis of the annual report thatcould be usefulto potential investors. Provide three (3) specific examples of how the three (3) itemsyou selected could influence a potential investor’s decision to invest in Verizon.3. Describe segmented information, and explain the way in which companies determine segments.ldentiff at least three (3) advantages and three (3) disadvantages of segmented financial data. Giveyour opinion on whether or not the advantages outweigh the disadvantages. Outline the manner inwhich Verizon segments its financialdata. Suggest key actions that Verizon’s management can take inorder to improve the company’s segmented financial data. Provide a rationale for your response.4. Analyze the various types of auditofs reports, and determine the impact that the auditor’s report hason a company’s ability to obtain financing from a bank. Identiff the type of auditor’s report issued onVerizon, and speculate the manner in which you believe banks will perceive Verizon’s auditor’s report.5. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and otherWebsites do not qualify as academic resources.Your assignment must follow these formatting requirements:o Be typed, double spaced, using Times New Roman font (size 12), with on+inch margins on allsides;citations and references must follow APA or school-specific format. Check with your professor for anyadd itional instructions. o lnclude a cover page containing the title of the assignment, the student’s name, the professods name,the course title, and the date. The cover page and the reference page are not included in the requiredassignment page length.The specific course learning outcomes associated with this assignment are:o Analyze and explain the requirements for full disclosure in financial reporting.and complete and truthfully report the financial performance of a company. lnvestors and other interestedparties need to read and understand all aspects of financing reporting.Use the lnternet to research Verizon Communications’financial statements, annual report, notes to thefinancial statements, president’s letter, and management discussion and analysis from the most recent yearin order to complete this assignment.Write a five to six (5-6) page paper in which you:1. Discuss the disclosure requirement on accounting policies, and identiff at least two (2) examples ofthe most commonly required disclosure. Explain the key ways in which the examples you provided areusefulto financial statement users. Analyze Verizon Communications’disclosure on accountingpolicies, and give your opinion on whether or not the information is helpful for decision making.Provide a rationale for your response.2. Explain the importance of the management discussion and analysis section of an annual report.Select three (3) items from Verizon’s management and discussion analysis of the annual report thatcould be usefulto potential investors. Provide three (3) specific examples of how the three (3) itemsyou selected could influence a potential investor’s decision to invest in Verizon.3. Describe segmented information, and explain the way in which companies determine segments.ldentiff at least three (3) advantages and three (3) disadvantages of segmented financial data. Giveyour opinion on whether or not the advantages outweigh the disadvantages. Outline the manner inwhich Verizon segments its financialdata. Suggest key actions that Verizon’s management can take inorder to improve the company’s segmented financial data. Provide a rationale for your response.4. Analyze the various types of auditofs reports, and determine the impact that the auditor’s report hason a company’s ability to obtain financing from a bank. Identiff the type of auditor’s report issued onVerizon, and speculate the manner in which you believe banks will perceive Verizon’s auditor’s report.5. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and otherWebsites do not qualify as academic resources.Your assignment must follow these formatting requirements:o Be typed, double spaced, using Times New Roman font (size 12), with on+inch margins on allsides;citations and references must follow APA or school-specific format. Check with your professor for anyadd itional instructions. o lnclude a cover page containing the title of the assignment, the student’s name, the professods name,the course title, and the date. The cover page and the reference page are not included in the requiredassignment page length.The specific course learning outcomes associated with this assignment are:o Analyze and explain the requirements for full disclosure in financial reporting.

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