Burger King Holdings Inc.

Burger King Holdings Inc. was formed in 23 July 2002 and incorporated in Delaware. The safekeeping friendship restaurant system includes restaurants owned by the follow and franchises. The go with is the second largest fast food hamburger restaurant chain (BurgerKingHoldingsInc, 2008). Controls exercise by the company The controls set by the company are to moderate that the fiscal statements provide reasonable assurance on the reliability of the financial statements and financial reporting. interior controls ensure that the financial statements are prepared fit in to GAAPs. Internal controls ensure correct maintenance of records, transactions are recorded according to GAAPs and the prevention of unauthorized use or disposal of companys assets. The effectiveness of the internal controls should be reviewed regularly to determine their adequacy although the controls shed in place may not prevent and detect misstatements accustomed its limitations due to changing conditions or degree of complianceExamples of controls are the security and affair controls put in place to prevent access and use of person-to-person information possessed by the company that if leaked, may expose the company to litigations (BurgerKingHoldingsInc, 2008) Financial statements The perfect revenues for the company have been growing over the years. The total revenue in 2004 was $1. 7 gazillion rising to $2. 4 billion in 2008. The companys revenues are generated by franchise and company owned restaurants.In year 2008, 88% of gross revenue were from franchise restaurants. The operating income and realize income over the same period grew from $73 gazillion in 2004 to $ 354 cardinal in 2008 for operating income while meshwork income rose from $ 5 one thousand million in 2004 to $ 190 million in 2008 The diluted earnings per role i. e. earnings after adjusting for dilutive effects rose from $106. 1 in 2004 to $ 137. 6 in 2008 Total assets grew from $ 2. 5 billion to $ 2. 6 bil lion in 2008.Total stockholders equity besides witnessed growth from $ 716 million in 2007 to $ 845 million in 2008 Net cash flows from operating activities grew from $67 million in 2006 to $ 243 million in 2008 Other aspects of the companys performance is the opening of 202 unfermented restaurants which brings the companys total number of restaurants to 11,505 as of June, 30 2008 Techniques to hit the books financial statements The financial statements are prepared and disclosed according to the GAAPs as well as presented according to the SEC regulations.The financial statements have been presented ground on the reportable segments of the company i. e. USA and Canada EMEA/APAC and Latin America. As seen earlier, the companys revenues are generated from companys restaurants and franchise restaurants. The analysis has also been done according to the source of revenue Comparison of restaurant sales from the three reportable segments has been done in the financial statements (Burge rKingHoldingsInc, 2008) ImpactThe preparation of the financial statements according to reportable segments helps the company to cast strategies for the various business segments in line with their performance. Comparison of sales growth in the segments over the years helps the company to evaluate the performance of each source of revenues thus formulate strategies that can improve growth References BurgerKingHoldingsInc. (2008, August 28th). Form 10-k. Retrieved April 10th, 2009, from Burger King Holdings Inc. http//media. corporate-ir. net/media_files/irol/87/87140/BKC_AR08/10-k. html