Examining Financial Statements - Landrys Restaurants Essay -- Busines

Examining Financial disceptations - Landrys RestaurantsFinancial statement users around the globe use financial statements to evaluate the performance of companies (Fundamentals of Financial Accounting, 2006). In vow to locate a companys reported assets, liabilities, expenses and revenues, statement users rely on four types of financial statements. The four financial statements include Balance Sheet, Income Statement, Statement of Retained Earnings, and Statement of Cash Flows (Fundamentals of Financial Accounting, 2006, p. 6). Each of these reports provides different information to the financial statement user. The Balance Sheet reports at a point in time a companys assets (what it owns), liabilities (what it owes) and stockholders equity (what is left over for the owners) (Fundamentals of Financial Accounting, 2006, p.7). The Income Statement shows whether a business made a profit (net income) during a specific period of time (Fundamentals of Financial Accounting, 2006, p. 10). The Statement of Retained Earnings illustrates what portions of the companys earnings was paid to stockholders and retained by the company for future operations (Fundamentals of Financial Accounting, 2006, p.12). Finally, the Statement of Cash Flows reports summarizes how a business operating, investing, and financial activities caused its cash balance to change over a especial(a) range of time (Fundamentals of Financial Accounting, 2006, p.13).This paper examines the Annual Report of Landrys Restaurants, Inc. Specifically, this paper demonstrates how certain financial elements can be located in Landrys financial statements. The key financial comp unmatchablents discussed include (1) net income, (2) total assets, (3) property and equipment a... ...ompany has made a profit over the prior year.ConclusionFinancial statements hunt down a significant role in providing insight into Landrys Restaurants financial condition. Is the liability or cost high and can one see move improveme nt in revenues each year are questions answered when analyzing financial statements. An investor can use financial statements in making a decision to invest in a company. By examining the different financial statements, one can identify Landrys Restaurants has grown over the past five years. Comparing assets, liabilities and owner equity, one is able to determine Landrys Restaurants is making a profit. ReferenceLandrys Restaurants (2003, December 31, 2003). Landrys Restaurants Annual Report. , 1.Fundamentals of Financial Accounting (1st ed.) F. Phillips, B. Libby, and P. Libby McGraw Hill, 2006. Boston, MA