Compare the accounts of two major supermarkets

Introduction to Report The attached report ordain poll and compare the fiscal status of two UK supermarkets, Morrisons plc and Somerfield plc, for a assurance investor who wishes to become a minor shareholder in i of the two companys. To carry out this investigation the 2002 fiscal accounts of both companys charter been used, this information will also include the financial data from the 2001 encompassing stop, for further proportion in the midst of years. Please note the following points ~ a, For both companys the period for 2002, includes 52 weeks trading and the period for 2001, includes 53 weeks trading. No transformation for this residuum has been chthoniantaken, as both companys have the same dissension and to expurgate the figures would only result in minor alterations and no strong changes to the conclusions made in the report. b, As each posture of financial accounts is shown in different formats amid the two companies, with the confused components a nd determine represented at different stages and headings. I have re-structured the addition & group A; loss accounts and the balance sheets for the two companys. So that the relevant information is shown in a standard, Profit & ampere; Loss Account and Balance Sheet, therefore making comparisons between the two companys easier and more beneficial. Where this has not be possible and potentiality conflicts of interest have occurred, these limitations to the analysis have been noted and attract in the report text. c, The writer of the report has no connective to either company, through employment or otherwise. Company translation W.m. Morrisons Supermarkets plc operates 113 Morrisons supermarket stores ( 4,039 thousand sq.ft ) throughout the United Kingdom. The Companys supermarkets sell groceries, fresh and nipping foods, home and unemployed products, music and video, health and beauty products. It offers over 20,000 different products under its own or other... If you want t! o father a full essay, order it on our website: OrderCustomPaper.com

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