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Intro to Computers

In: Business and Management

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Financial Analysis Phillips 66
Toccara Smalls
Atlanta intercontinental university
BUSN 125- Business Math
September 3, 2015

Abstract
This paper is an analysis of the financial statement of Phillips 66. The researcher will present horizontal and vertical analysis of the income statement and balance sheet among other things.

Introduction This paper presents an analysis of Phillips 66 financial statement. Specifically discussed in this document will be the following: Preparation of Financial Statement, Business Problem Solving, Recovery Methods, Indebtedness, Horizontal Analysis, Vertical Analysis, and Ratios and Percentages. The document will conclude with a summary of this discussion.
Preparation of Financial Statement
Financial statements will give you a clear and accurate visual of how your business is currently performing, so you have a means of monitoring its progress and identifying opportunities for growth. The type of financial statement that lays out the basis for a fortune 500 company like Phillips 66 include a thrall preparation of the balance sheet, income statement, statement of retained earnings, and statement of cash flows; which are the most important steps in the accounting cycle because it represents the purpose of financial accounting statement (Brook, 2013). Ideally the financial statements are prepared by transferring the account balances on the adjusted trial balance to a set of financial statement templates in order to establish a logistical plan for the future well-being of the company.
Business Problem Solving
A key component to the success of a fortune 500 such as Phillips 66 must adopt a methodical approach to solving all problems so that you won’t find your business in constant crisis management. Running a business means solving and tackling problems with a well thought-out plan to avoid making rash decisions. Some general

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