Press Release Report Accounting, the Language of Business Analyzing a Press Release What's a Press Release Generally, companies that are publicly owned publish financial results each quarter in the form of a news release sometimes referred to as an earnings release Typically, the release contains a few pages of text describing financial results of business operations during the quarter and financial statements are typically attached Three companies are listed below P lease select one of these companies these companies were chosen for a reason do not substitute your own choice of a company All 3 companies issued an earnings press release in November 2021 and you should use that release not earlier and not later Here are the three companies JW Nordstrom Etsy Capri The Final Product Here are the questions that you need to address Be sure to use the press release released at the time specified above and answer based on quarterly (not the year to date) data To get started, answer the following In the first few pages of our textbook, the author sets out the objective of most businesses What is that objective Provide a bit of explanation of the meaning of that objective So, for example, if the text says that the objective of a business is to go green (that is not the answer), explain what going green means What does the company say in its release about that objective Make reference to specific data, both dollars, and change from the prior period In effect, what does the company say about achieving that objective during the quarter What does senior management have to say about the company's performance during the quarter Give one other piece of information that the company discusses in its press release that is important Be specific and indicate why This question is about stakeholders What is a business stakeholder Select one business stakeholder and tell me which is selected Then tell me why that particular stakeholder would be interested in the information in the press release Make it specific don't say I chose employees and they are interested because they want the company to do well You could say that about any business stakeholder This question relates to financial statements that may be attached to your press release Concerning the company's balance sheet Is there a balance sheet attached to the press release If so, do the words balance sheet appear in the title of the balance sheet If not, what does the company call it If the answer above is no , how were you able to recognize the balance sheet If the answer is yes , you do not need to answer this part Concerning your company's income statement Is there an income statement attached to the press release If so, do the words income statement appear in the title of the income statement If not, what does the company call it If the answer above is no , how were you able to recognize the income statement If the answer is yes , you do not need to answer this part Are the financial statements for your company precise to the dollar Comment briefly Hint begin at the top of the income statement (which is the name of the company) and begin reading down slowly and carefully and you will find the answer Students frequently answer this question incorrectly Follow my hint and look carefully This should be an easy one Answer the following for the company you have chosen What amount of resources owned by the company is reported in its financial statements How can you tell What is the amount of the totalclaim of shareholders against the assets of the company you have selected How can you tell What is the amount of the totalclaim of creditors against the assets of the company you have chosen How can you tell Does the company you selected to sell to its customers on credit How can you tell Be sure your answer is based on information in the press release andnot on anecdotal information An answer like I shop there and I know they accept credit cards willnot work Does the company you chose have any debt on which it is paying interest How can you tell be specific and cite data

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Press Release Report : Accounting, the Language of Business - Analyzing a Press Release What's a Press Release? Generally, companies that are publicly owned publish

Press Release Report: Accounting, the Language of Business - Analyzing a Press Release

What's a Press Release?

Generally, companies that are publicly owned publish financial results each quarter in the form of a news release sometimes referred to as an "earnings release". Typically, the release contains a few pages of text describing financial results of business operations during the quarter and financial statements are typically attached.

Three companies are listed below. Please select one of these companies - these companies were chosen for a reason - do not substitute your own choice of a company!!!! All 3 companies issued an earnings press release in November 2021 and you should use that release - not earlier and not later.

Here are the three companies.

JW Nordstrom

Etsy

Capri

The Final Product:

Here are the questions that you need to address. Be sure to use the press release released at the time specified above and answer based on quarterly (not the year to date) data.

To get started, answer the following.
1. In the first few pages of our textbook, the author sets out the objective of most businesses. What is that objective? Provide a bit of explanation of the meaning of that objective.So, for example, if the text says that the objective of a business is to "go green" (that is not the answer), explain what "going green" means.
2. What does the company say in its release about that objective? Make reference to specific data, both dollars, and change from the prior period. In effect, what does the company say about achieving that objective during the quarter?
3. What does senior management have to say about the company's performance during the quarter?
4. Give one other piece of information that the company discusses in its press release that is important. Be specific and indicate why.

This question is about stakeholders.
1. What is a business stakeholder?
2. Select one business stakeholder and tell me which is selected. Then tell me why that particular stakeholder would be interested in the information in the press release. Make it specific - don't say "I chose employees and they are interested because they want the company to do well". You could say that about any business stakeholder...

This question relates to financial statements that may be attached to your press release.
1. Concerning the company's balance sheet:
  1. Is there a balance sheet attached to the press release?
  2. If so, do the words "balance sheet" appear in the title of the balance sheet? If not, what does the company call it?
  3. If the answer above is "no", how were you able to recognize the balance sheet? If the answer is "yes", you do not need to answer this part.
2. Concerning your company's income statement:
  1. Is there an income statement attached to the press release?
  2. If so, do the words "income statement" appear in the title of the income statement? If not, what does the company call it?
  3. If the answer above is "no", how were you able to recognize the income statement? If the answer is "yes", you do not need to answer this part.
3. Are the financial statements for your company precise to the dollar? Comment briefly. Hint: begin at the top of the income statement (which is the name of the company) and begin reading down slowly and carefully and you will find the answer.Students frequently answer this question incorrectly. Follow my hint and look carefully. This should be an easy one.

Answer the following for the company you have chosen.
1. What amount of resources owned by the company is reported in its financial statements? How can you tell?
2. What is the amount of the totalclaim of shareholders against the assets of the company you have selected? How can you tell?
3. What is the amount of the totalclaim of creditors against the assets of the company you have chosen? How can you tell?

Does the company you selected to sell to its customers on credit? How can you tell? Be sure your answer is based on information in the press release andnot on anecdotal information. An answer like "I shop there and I know they accept credit cards" willnot work.
Does the company you chose have any debt on which it is paying interest? How can you tell - be specific and cite data.