Identify the significant risks that potentially could impede your company from achieving each objective.

ACCTG. 390W – COMPANY CASE STUDYThis assignment has multiple parts and deliverables:1.Individual Corporate Strategy Report2.Individual Excel-based Financial Information report3.Team Company PresentationPart I: Individual Company Report (3 to 5 pages)Each member of the team is required to prepare this portion of the assignment individually and without assistance from the other members of the group. 1.Identify overall corporate objectives of your company and strategies implemented to achieve those objectives. To best understand and respond to the above question, I recommend that you first think through the overall business model of your company, including its targeted customers, products and/or services, markets, key business processes (internal allocation of resources), key alliance relationships (partnerships with external organizations), and external forces that impact the company’s ability to meet its strategic objectives. These items are a checklist of what is generally important to a company’s economic operations BUT it is not exhaustive – you will need to analyze your company to identify what affects the overall business model – these items are a good starting place. To the extent you find them important, they should be described in your paper.2.Identify the significant risks that potentially could impede your company from achieving each objective. This includes risks inherent in the industry, the company and even accounting policy choices. The 10-K lists a large number of risks in Part 1A. Not all of these risks are significant. You need to consider what your company does and identify the risks that are unique to that industry or that company specifically. For example, the following is not a significant risk: “Adverse economic and geopolitical conditions and dislocations in the credit markets could have a material adverse effect on our financial condition, results of operations, cash flow and per share trading price of our common stock.”Almost all companies will have this risk disclosure (or something similar) – this is like saying “If a meteor hits earth and destroys all living things, our business may be adversely affected” – no kidding. Find something more unique and explain how it affects the strategies you identified.3.Select one (you can always select more if you think necessary) of the significant accounting policies and explain why this policy is important to your company. Risk assessment also occurs at the financial statement level. Identify what you consider to be the significant accounting policy areas for your company. “Significant” implies two characteristics: (1) the policy surrounds a transaction or operating characteristic that is material to the company and (2) there exists some complexity with regards to the accounting policy choice. For example, almost all notes to the financial statements contain an accounting policy note (almost always Note 2) – most will also refer to an accounting policy on cash and cash equivalents. Unless your company uses cash in some unique fashion, this is a boilerplate disclosure that really is meaningless. Find a footnote that matters – one that has an effect on the strategies you described in part a. You can also review the “MD&A,” management’s discussion and analysis, for items that may be useful.Provide a detailed explanation of the technical guidance with respect to this policy. How does your company’s choice with respect to this accounting policy compare with that of your company’s competitors? Are there other alternatives or choices that might be selected for these types of transactions? Do these accounting policies seem aggressive or conservative?