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Financial Statement Of The Company

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Amazon Financial Statements
Introduction
This paper relates to finance and accounting. The main objective is to assess and examine financial statement of the chosen company. Amazon Inc. was chosen as the target company. It is a retail giant with more than $350 billion of market capitalisation. The company is headquartered in Seattle, Washington. Its main business sector is internet retail. Since Amazon is the US company and its stocks are listed on Nasdaq, the company has to file regularly reports with the SEC. The reports can be found on the website of the regulator at Error! Hyperlink reference not valid.. One of those reports is covered by this paper. It is an annual report which called the 10-K. It contains financial information and key statements. Therefore, it is possible to derive data for the company’s assets, liabilities, equity and its financial performance.
Financial Statements
According to Needles et al. (2012), publishing of the financial statements is part of financial reporting process. The company thereby informs general public, investors, creditors and shareholders about the changes in its financial position and performance over a certain period. The key financial statements are balance or statement of financial position, income statement and cash flow statement. In addition, there is the statement of shareholders’ equity. A balance sheet contains information on a particular date. In case with 10-K, the date is December 31 of a particular year. Therefore,

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