ALL groups must submit an Executive Summary Report (of approximately 500 words), and a copy of presentation power-point slides at the beginning of Session 11. Topic for Individual Presentation Given the 2013/2014 annual reports of two publicly listed companies in the same industry sector. Using the information on those reports (and from other sources as appropriate), provide a 20 minute presentation which should include the following (note: the consolidated figures only are to be used): (i)Balance sheet 1.Discuss the major elements of each companys balance sheet focusing on similarities and differences. 2.Comment on methods used to measure assets and liabilities 3.What do the balance sheets indicate regarding the strengths and weaknesses of each companys financial position? (nt: Use key analytical methods including horizontal and vertical analysis of the balance sheets and financial ratios focusing on balance sheet structure) (ii)Income statement 4.Discuss the major elements of each companys income statement focusing on similarities and differences 5.Comment on methods used to recognize and measure income and expenses 6.What do the income statements indicate regarding the strengths and weaknesses of each companys financial performance? (nt: Use key analytical methods including horizontal and vertical analysis of the income statements and financial ratios focusing on profitability) (iii)Statement of cash flows 7.What do the statements of cash flows indicate regarding the strengths and weaknesses of each companys financial performance and position? (nt: Use key analytical methods including horizontal and vertical analysis of the statements of cash flows and financial ratios focusing on cash flows) (iv)Financial prospects and suggestions for improvement 8.Using information obtained above and other sources as appropriate discuss the financial prospects for the 2 companies over the next 3 years and any suggestions you may have for improvement.