A company has selected is Facebook and the financial report facebook provides a vast coverage over different topics.
Companies financial report includes business risk, staff comments, properties, legal proceedings as well as other aspects of mine safety disclosures. Facebook has successfully provided all the data in its financial data report and the data is very streamlined to be understood. Starting from business and discussing about different enquiries as well as the stockholders interest is provided into the financial report. Financial report has four parts in the last part exhibits the financial statement schedules and the signatures of for the company. Company has also provided the information about controls as well as procedures in financial statements and supplementary data.
Companies basic structure, directors as well as the executive officers in the corporate governments of Facebook is also discussed in the financial report.
Facebook has obtained is data throughout the year by maintaining the database in electronically manage database system which is integrated into each and every department of the company for a better data management. By analysing the overall data facebook has successfully integrated everything into its financial report. By looking at the actual data and comparing the financial report we can see that Facebook has correctly provided all the information in the financial reports.
The report is very well written and provides an introduction which maintains a flow throughout the report. This specific report is streamline as well as flow oriented which start from business and goes to the exhibition of the financial statement schedules. Best streamlined structure of the report makes it easier to follow.
FB financial Report – https://s21.q4cdn.com/399680738/files/doc_financials/annual_reports/FB_AR_2016_FINAL.pdf