Posted: February 21st, 2015
Annual Report Assignment – DUE MARCH 11, 2015
Financial Accounting I
For the Annual Report Assignment you must first locate the annual audited financial statements of Microsoft Corporation for the year ended June 30, 2014. You can locate the financial statements by searching the internet for the website entitled “Microsoft Investor Relations Home Page”.
Required: (20 marks)
Using the June 30, 2014 audited financial statements and other information at this website, please answer questions # 1 through and including # 4 below:
Who is responsible for preparation of financial statements? How is this responsibility fulfilled?
What are the responsibilities of the auditors and how do they fulfill their responsibilities? Which audit firm performs the audit of the company?
What is the main business of the company?
Compute the following ratios or amounts :
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