Posted: September 10th, 2021

The financial statements for your company are usually posted in Item 8 of the SEC 10-K document. The management discussion and analysis section are presented earlier in the report

The financial statements for your company are usually posted in Item 8 of the SEC 10-K document. The management discussion and analysis section are presented earlier in the report.
1. Comment on the management of risk and uncertainty as discussed in the Get research paper samples and course-specific study resources under   homework for you course hero writing service – Manage ment Discussion & Analysis (MD&A) report.
The audit of HP Company obtains the understanding of internal control over the financial reporting. For the risk analysis, the material is not appropriate. Moreover, all the required testing and evaluation and operation effectiveness of internal control based on the accessing the overall risk. Because of the inherent limitations of the company the internal control in financial reporting not able to detect the misstatements.
Therefore, the projection of any evaluation of effectiveness to the upcoming years is based on the controlled risk. Also, based on the changes in conditions and the degree of compliance with the policies may deteriorate.
2. Divisions and Product Lines may be discussed in the MD&A section. What cost accounting issues may arise in these areas as you consider our chapters for the week.
The company has the extensive portfolio of the various products, and they must focus on the allocation of financial, personnel and other resources for all the products. Moreover, they compare themselves with other companies that have the same portfolio or product lines. However, the company invests less in some of the areas in comparison with their competitors also the competitors of HP have more resource concerning financial, technical and marketing. However, at HP we focus on increasing our product lines with the lower cost of products.
3. Comment on any specific cost accounting-related information in the MD&A report. For example, management often explains higher or lower than expected performance in this section of the filing. Does management discuss cost or cost fluctuations, profitability, pricing, emerging markets, competitive positioning in the global market or any other key factors and performance indicators in the 10-K filing?
The company accrues the cost of the products warranties at the time of revenue recognition. Moreover, the company engages in the various program related to quality improvement and process which includes the monitoring and evaluating the quality of its component suppliers. The poor financial performance of the assets market with the lower rate of interest and the fluctuation of currency rate is lead to higher retirement expense. Interest and other expense also vary from the expectation depend on the change in interest, cost related to borrowing, currency exchange rate and cost compared to hedging activities. Moreover, the economic downturn will impact the company huge concerning sales and profitability.
References:
HP INC (FORM 10-K Report)
Retrieved From:
https://www.sec.gov/Archives/edgar/data/47217/000004721717000043/hp-103117x10k1.htm#s0C0963B4AFF43FB59FB351AA510DF0B6

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