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Accounting · Studypool
Audit (Preliminary Analytical Procedures)
Post ID: 3383838
INSTRUCTIONS
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Format: Write it in paragraph form, not bullet points—just like the Starbucks example I provided. You should follow the Starbucks example as it is a perfect example of how it should be made. It should be clean, professional, and follow how analytical procedures are written in audit reports.
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Main Sections to Include (with headings):
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Revenue Analysis
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Net Income/Loss Analysis
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Cash Flow Analysis
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Segment Performance
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Debt and Liquidity
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Operational Highlights
- etc. (maybe you have more or less sections depending on the findings.)
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Conclusion
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What to Do:
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Pull the actual 2024 and 2023 Boeing financial statements (from their annual reports or investor relations page).
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Compare year-over-year changes and explain what changed and why (e.g., revenue drop due to fewer deliveries, increased loss from defense contract charges, etc.).
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Use data and cite numbers. For example: “Revenue in 2024 was $66.5B compared to $77.8B in 2023, a 14.5% drop.”
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Charts:
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Include charts or graphs that visually show some of the trends (revenue, net income, cash flow, etc.).
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Make sure the charts are from trusted sources like Boeing’s reports, Statista, or AlphaStreet.
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Provide direct image links or embed the charts if possible.
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Highlight Key Points: Just like in the Starbucks example, briefly explain why each change matters from an audit perspective (e.g., “This indicates risk in revenue recognition policies”).
- Don't forget to provide a works cited as well.
I also need you to make a script for a presentation for presenting this part of the presentation. It should be 4-5 minutes long.