Question

"Use the Internet to research Verizon Communications’ financial statements, annual report, notes to the financial statements, president’s letter, and management discussion and analysis from the most recent year in order to complete this assignment." For this assignment, what would be the most recent year? 2018 or 2019? 2019 isn't over yet so have they come out with the 2019 annual report, or would I use the 2018 annual report and financial statements?

Answer 1

We need to use 2018 Audited financial report for above purpose. We can get following information like :

Annual Report ,Notes to financial Statement ,President letter , management Discussion and Analysis Normally in Quarter report ( 2019 not yet over , so we will not get any Annual Audit report for 2019)

Normally Quarter end report does not considered Management discussion and analysis + detail Notes to account .

At present , we can get only “2019 proxy Statement “ . This proxy statement mainly cover following points:

1. Election of Director
2. Governance Framework
3. Details about Board and Committees
4. Specific Audit Matter
5. Executive Compensation
6. Srock Ownership
7. Shareholders proposal

Proxy statement will be good before voting . But to get complete performance , details financial – need to refer 2018 Audited financial