I need to compare Google's accounting practices from their year 2004
annual report with Microsoft's acconting practices from their 2005
annual report.
This is what I am going to need:
- A list of the majour areas of accounting disclousers and then a
summary of the differences. (For example.. In revenue recognition,
microsoft recognizes revenue when an ad is viewed, while google
recognizes revenue when an ad is clicked).
- How the differences affect the profitability, liquidity or solvency
of the companies..
- The motivation for why the managers / board of directors chose to
use these diffenent accounting methods.. (For example, a manager may
chose an inventory mehtod that is calculated as last in first out
(LIFO) to show a higher revenue to make the company look better, or
choose to recognize revenue as soon as they ship something so they can
show more revenue, esp on something sold the day before the fiscal
year closes).
I need this in 24 hours from now (at most 30 hours from now). I will
also tip on how well the information pertains to my requirements and
how easy it is for me to write up a two page report.
I made it easy by including the location of the information about the
accounting practices, and yes I do want to compare a 2004 to a 2005
annual report; it should really yeild no big differnce...
The 2004 annual report from google can be found at:
http://investor.google.com/pdf/2004_AnnualReport.pdf
The 2005 annual report from Microsoft can be found at:
http://www.microsoft.com/msft/ar05/downloads/MS_2005_AR.doc
Most of the Accounting Practices Information can be found in the Notes
of the Financial Statements. In the google Annual report, the Notes
of Financial Statements begin on page 73 and the Microsoft Notes can
be found on page 42. |