FINANCIAL INFORMATION CASE STUDY

Financial information case study

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Financial information case study

Answer 1

Rolls-Royce is basically a company operating globally; it is providing integrated power solutions for its customers in defensive and civil energy market, aerospace, and marines. The company is providing support to all of its customers through an huge network which is operating worldwide. This is inclusive of manufacturing zone, offices, and customer's care and service facilities. In the recent decade it is seen that Rolls-Royce has been transforming their business. This is done by becoming much more global, today almost half orders out of the all orders are book from the Asian and Middle Eastern countries. After so many years of operations today portfolio Rolls-Royce has become much more diversified. This has become possible due to the both factors which are by the organic growth and the acquisition. Rolls-Royce has significantly increased its revenues which were generated by commencing services like the power systems they are producing (www.rolls-royce.com).

Answer 2

An Auditor's Report is basically written document which is also signed in the end and it presents the actual purpose, scope and all the results of the procedure of audit which has been performed. Results of an Auditor's report are inclusive of findings, opinions and in case of any misconduct ion of mistake it also gives the organisation some useful recommendations (www.ventureline.com).

An audit report is an official evaluation of financial status of any organisation; this is combined with the opinions of the appointed auditor and also collects data on the basis of financial transactions of the company. This is a really basic element for all the companies and it is useful for the evaluation of the company's records and providing then the financial information for presenting and they are also good for the future investors, as they might consider auditor's report to judge that how good investing the company really is for the investment they are willing to perform (www.readyratios.com).

The auditor's report of Rolls-Royce is formulised as a really balanced and understandable source of information for assessing the performance of the Company, its business model and all the strategies implemented in it. The auditing of financial statements of Rolls-Royce Holdings plc which was done for the fiscal year 2012 has been done by application of the frame work of financial reporting which is used in the preparation of Rolls-Royce's financial statements and are complied with the IFRS as this body is adopted by the entire European Union. All the financial statements of the organization are found to be in accordance to the laws applied in the Europe and are taking a much better care of the legislative issues of the economy. The auditors have categorically explained that there is none other than the auditors themselves and the company's selected representatives which were involved in the process of audit. Information from someone outside the organization was also not accepted in any case at all, this was done for complying with the companies' act of 2006 (Rolls-Royce Holdings ...