General Electric Financial Reporting Analysis

Comprehensive Annual Financial Report (CAFR) is a report used by cities, and local governments to provide the public with their financial records each year, while adhering to government accounting standards board (GASB) guidelines. The report presents a comprehensive picture of the reporting entity’s financial condition, it provides how funds are spent and allocated throughout the year.

GE Healthcare is a unit of the wider General Electric Company. It has a global orientation, employing more than 46, 000 staff committed to serving healthcare professionals and patients in over 100 countries. It is headquartered in the United Kingdom (UK)-the first GE business segment outside the United States. It has a turnover of approximately $ 17 billion. The headquarters hosts GE healthcare corporate offices as well as finance, sales, global sourcing departments, X-Ray marketing, manufacturing, design and shipping. The finance and sales departments at the headquarters handle GE Healthcare’s high level decisions, but each modality often has its own similar

1. Reviewing GM’s financial information in GM Exhibit 1 and its stock price in GM Exhibit

prior year. (See Exhibit 1 for GE financials, 1996–2006.) By the end of 2002, GE’s stock was trading at

b.) The financial statements that are commonly prepared for external reporting purposes are the Balance Sheet, Income Statement, and Statement of Cash Flows. General Mills gives these statements a title of Consolidated Statements of Earnings, Consolidated Balance Sheets and Consolidated statements of Cash Flows. Consolidated means that General Mills is factoring in all of its subsidiaries into its aggregated accounting figures that are represented on these statements.

From ready-to-eat cereal to convenient meals to wholesome snacks, General Mills is one of the biggest food products manufacturers and competes in growing food categories that are on-trend with consumer tastes around the world. The company markets many well-known brands, such as Haagen Daazs, Yoplait, Betty Crocker, Totinos, and Cheerios, among others. Main rivals include Kellogg, Kraft, Conagra Foods, and Sara Lee. General Mills sells its products in three segments: U.S. retail (63% of net sales), International (25% of net sales), and Bakeries and Foodservices (12% of net sales). In addition, General Mills sells cereals and ice cream through its Cereal Partners Worldwide and Haagen Daazs Japan

Aggreko PLC (Aggreko) provides temporary powerand temperature control solutions . The company's lease and provides its services on a rental basis . Renting its services power generators , temperature control , humidity control , oil-free air luggage.

Also; Citigroup, Inc. another competitor for the GE Company made a total of $64.95 billion in 2011, and when we compare it with GE and SI its earnings where even less in the same year, making General Electric a leader in the industry. With this valuable information GE management can analyze its competitor’s financial statements results and from there they can evaluate their faults and create new ways to increase their annuals earnings and secure their place as one of leading companies in their industry. Another way GE can go forward in the industry is by adapting its services and products to other countries that need them.

In late June when General Electric Company Chairman and CEO Jeff Immelt announced that GE would

The first “opinion” letter confirms that the General Mills upheld valid internal control over financial reporting as of May 28, 2006. The second “opinion” letter assures that the consolidated financial statements were fairly presented as of May 28, 2006.

Gap Inc. is a leading global apparel retail company offering apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Having distinct brands across multiple channels and countries allows Gap Inc. a strong competitive advantage.

General Electric Company (GE), founded on April 15, 1892, as a result of the merger of American Inventor Thomas Alva Edison 's Edison General Electric Company and Thomson-Houston Electric Company is an American Multinational Conglomerate. The diversified infrastructure and financial services company produces products and services that consist of oil and gas production equipment, household appliances, power generation, medical imaging, industrial products, business and consumer financing and aircraft engines. The Company operates in approximately 175 countries and about 300,000 employees around the globe. The company 's headquarters is located in Fairfield, Connecticut, USA. GE is able to run efficiently through the following eight business markets of Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances and Lighting, and GE Capital (Reuters).

From a Managerial perspective the ability of the company to generate revenues is very important. Also from the investors point of view it is very important the company is able to meet running its operations. Firstly looking at the current and quick ratio values for Google Corporation for the year 2011 we can see that both maintained a fair value of 5.92 and 5.7 respectively. The high values of these ratios and very less difference between two values show that the company has been extremely efficient in meeting its operating activities. Also on comparing with the industry average values of 3.53 and 2.82 for the current and quick ratio we can see that Google is much more efficient that other companies in the industry.

To start off with the most important factors that make the company profitable are sales of goods and sales of services as they contribute to the total revenue. From viewing the sales, the sales have increased from 2013 to 2014 and according to the financial forecast, GE is expected to experience future sales in 2015 and onwards given the premise that there is no recession in the subsequent years. This sales growth would be at a rate of 2.5% while the US economy is growing at

Their annual report and accounts for the year ended 2011 was considered as our analysis is set to cover this period.