You will analyze the financial statements of British Petroleum PLC (BP), a global energy corporation. You will work with your colleagues to develop an understanding of how the company accounts for various assets and liabilities on its financial statements, giving special attention to the fixed-asset investments, intangible assets, and short-term debt obligations of this company. The Group Project will allow you to apply course content realistically, enhancing your skills and knowledge of the accounting issues and concepts. You will perform independent research on BP PLC with your group and submit an Executive Summary of BP PLC, as of 2009. Include the following elements in your Executive Summary on BP PLC: 1. An overview of the company and the industries in which it operates 2. A summary of its current operations by continent 3. Details on its major holdings, from the parent company's perspective 4. Details on its main sources of revenue 5. Details on its major sources of financing, from the parent company's perspective 6. Details on the major types of long-term assets held by the corporation