Financial Analysis for Managers 1
Financial Analysis Report
(Telus and Bell Canada Enterprises)
Introduction
All entities, business or not, must understand the purpose of auditing and concepts of financial statements in order to be economically successful. Bell Canada and Telus are two of the largest communication service providers in the country. These publicly traded companies offer a wide variety of service to the public. This paper is a compilation of the analysis of financial statements of both Telus and Bell for the years 2004 - 2006.
The Financial Analysis Report includes the following on Telus and Bell Canada:
? Risk Management
? Asset Utilization
? Operating Profitability
? Telecom Industry Comparison
? Identification and description of some largest Variable Expenses
? Cash Flow Statement Reviews
? Determination of any operating leverage (if there is any)
? Detailed explanation on which organization is better managed.
Bell Canada and Telus both hire the services of Deloitte & Touche LLP. Deloitte & Touche are an independent registered Chartered Accountants firm. Deloitte has been in business for over 150 years and is a very prominent company with a very good reputation regarding their auditing. The financial statements of both Telus and Bell Canada Enterprises (BCE) include four basic financial statements ? statement of income; retained earnings and income; consolidated balance sheet; and a consolidated statement of cash flows. Each organization uses a slightly different name for their quarterly and annual reports, but the content and structure i ...