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Create Income Statement, Retained Earnings Statement and Balance Sheet for a fictitious Company.

Create Income Statement, Retained Earnings Statement and Balance Sheet for a fictitious Company. While creating the financial statements make sure that you include relevant items, to be able to write the disclosure notes for the items detailed below. You will hand in the project at the end of Week 7. In order to assist you in writing the notes, as an example the 2014 Annual Report of Walmart is made available for you to use. Please go over page # 42 to 45 for Note # 1 " Summary of Significant Accounting Policies" and pages 45-61 for Note # 2 of this report. Although you may use these as an example, you are not to use their actual notes, or the notes from any other company, because this would be considered plagiarism (and if discovered, would result in a grade of “F,” or zero points for the assignment).

Your project should consist of, but not be limited to, the items below.

Note 1: Significant Accounting Polices (consisting of at least 10 items) 
Notes 2–10+: Consisting of at least the items below.

Inventory 
Property, Plant, & Equipment 
Contingencies and Liabilities 
Changes in Accounting Principles or Estimates 
Post Balance Sheet Events 
Mergers and Acquisitions 
Lease Obligations 
EPS 
Long-Term Debt 
Employee Pension Obligations

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i did not know it was so demanding but you can tip... View the full answer

Financial statements.xlsx

XYZ Income Statement fo the period ending December 2015
$
Revenue
55807332
Net gain in fair value of biological assets
1368369
57175701
Cost of sales
-43058706
Gross profit
14116995
Other operating...

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