DMBA 620 Week 2 Assignment (UMUC)

DMBA 620 Week 2 Assignment (UMUC)
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DMBA 620 Week 2 Assignment (UMUC)
Delta Airline
1) What 3 items of important information does the income statement reveal about the financial performance of the
company over the last three years?
2) What 3 items of important information does the balance sheet reveal about the financial position of the company
over the last two years?
3) Can you identify the major sources of funding used by the company from the information presented in the
company's annual report? Please look at the Statement of Cash Flows, formerly called the Source and Uses of
Funds Statement.
4) Who is responsible for:
a) the issuance, and
b) the content
of the company financial statements? (Note: this information may be difficult to find. Look for statements by
management and the independent auditing firm.)
5) What assurance, if any, is there that the financial statements are in compliance with GAAP, and are free of
material misstatements?
6) Of what use, if any, are the notes to the financial statements? Give an example of something learned from the
footnotes of your company.
7) What can you learn from the Business Section of the 10-K? Give two facts learn from reading this section.
8) What can you learn from the Management Discussion and Analysis of Financial Condition and Results of
Operations (MD&A)? Give two facts learned from reading this section.