Business Homework
Business Homework
The name of the company in the report is Sally Beauty Holding, Inc. the company is an international specialty distributor and retailer of professional beauty supplies. It has annual revenues of more than $ 2.5 billion. The net earnings are $214 million. Sally Beauty Holding has 995 operated stores by the company and 156 franchise stores.
Some of the beauty products that are offered by the company to its customers include products for skin, hair, and nails. The customers of this company include salon professionals and retail customers. The strategy, which the company has used to enhance its growth, is through acquisition and organic store openings. This is a financial, annual report for Sally Beauty Holding for the year 2011.
The company has independent registered public accounting firm that does auditing for the company. The responsibility of the independent public accounting firm is to express an opinion on internal control over the financial reporting of the company based on the audit. Auditing conducted according to the standards of the Public company accounting oversight board.
When auditing, it includes assessing the principles of accounting used and the estimates made by the management. During this process, evaluation of the financial statement presentation is also done. Auditing includes all the evidence that support the amounts and disclosures of the financial statement.
The management of the company is responsible of maintaining and establishing adequate internal control of financial reporting. The management of the company that signed the report included the CEO and CFO. The income tax that the company paid for the year 2011 was $122, 214. It indicated in the financial reports for the year 2011.
Reference
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