As a team, select an industry to analyze. A list of companies classified by industry can be obtained by accessing www.fpinformat.ca and then choosing "Companies by Industry." You can also find a list of industries and companies with each industry via http://ca.finance.yahoo.com/investing

(click on "Annual Reports" under "Tools"). Using a Web browser, each team member should acquire the annual report for one publicly traded company in the industry, with each member selecting a different company.

Required:

On an individual basis, each team member should write a short report answering the following questions about the selected company. Discuss any patterns across the companies that you as a team observe. Then, as a team, write a short report comparing and contrasting your companies.

1. What formats are used to present the

a. Statements of financial position?

b. Income statements?

c. Operating activities section of the statement of cash flows?

2. Find a footnote for each of the following and describe its contents in brief:

a. An accounting rule applied in the company's statements.

b. Additional detail about a reported financial statement number.

c. Relevant financial information but without numbers reported in the financial statements.

3. Using electronic sources, find one article reporting the company's annual earnings announcement. When is it dated and how does that date compare to the statement of financial position date 4. Using electronic sources, find two analysts' reports for your company.

a. Give the date, name of the analyst, and his or her recommendation from each report.

b. Discuss why the recommendations are similar or different. Look at the analysts' reasoning for their respective recommendations.