Question
In no more than one typed page, provide a statement of your decision to become CFO of the firm based on your interpretation of all
In no more than one typed page, provide a statement of your decision to become CFO of the firm based on your interpretation of all the facts presented. The job includes a base salary of $20 million, a bonus tied to the accounting profits of the firm, a bonus tied to the stock price of the firm, stock option grants, restricted stick grants, stock appreciation rights, benefits, and perks. Financial statement analysis from the standpoint of management relates to all of the questions raised by creditors and investors because these user groups must be satisfied for the firm to obtain capital as needed. Management must also consider its employees, the general public, regulators, and the financial press. Look to the analyses and address: how well has the firm performed and why, what changes should be implemented to improve future performance, what operating areas have contributed to success and which have not, the strengths and weaknesses of the companys financial position, and the issues that might arise with respect to the public, labor, regulators, customers, creditors, and investors that might be important.
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