Warren Buffett and the Interpretation of Financial Statements Determining if a Company Has a Durable Competitive Advantage

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Accounting 2200 Professor John Jastremski

Term Project Fall 2021

Warren Buffett and the Interpretation of Financial Statements

Determining if a Company Has a Durable Competitive Advantage

Step 5: Template for Final Submission (70 points)

Instructions: Download and open this file on your desktop or laptop/tablet. The document is in Word format (Office 2010; the extension is *.docx). Type your responses into the appropriate cells in the table. Save the file (save it as a Word document with the *.docx extension or as a PDF file), then upload into Blackboard by the due date, 12/3/2021. DO NOT UPLOAD PICTURES, SCREEN CAPTURES, JPG/JPEG, GIF, etc.

Table 1. Student and company information.

Student name:
Name of company selected:
Ticker symbol:

Table 2. Method of how financial statements will be provided. Use an “X” to specify one of the options below.

Indicate with an X below	Description of How Financial Statements Will Be Provided:
	I previously uploaded a copy of the financial statements into Blackboard. The financial statements are either a Word document, an Excel file or in PDF format.
	I did not previously upload the financial statements; I provided a link to the financial statements. Copy and paste the link in the cell below. BE SURE THE LINK WORKS. TEST IT – BETTER YET, GIVE IT TO SOMEONE ELSE AND HAVE THEM TEST IT.
Link to financial statements:

Table 3. List of chapters and financial statement components selected.

	Chapter #	Indicate the Financial Statement for the Component: Income Statement (minimum 3); Balance Sheet (minimum 3); Cash flow Statement (minimum 1)	Name of Financial Statement Component Used in your Analysis
1
2
3
4
5
6
7
8
9
10

Table 4. (1 – 10) For each item listed in table 3, complete each of the following ten tables (use one table for each component):

· provide (at least) three years of data.

· interpret what can be learned from the data.

· weigh the significance of the data you are presenting.

4.1

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

4.2

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

4.3

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

4.4

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

4.5

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

4.6

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

4.7

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

4.8

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

4.9

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

4.10

Chapter #:
Type answer here:
Name of financial statement component or ratio:
Type answer here:
Data for a minimum of 3 years (list in the order of newest to oldest):
Type answer here:
Based on this data-point, what can you conclude about the company’s durable competitive advantage?
Type answer here:
Weight the significance of this data-point by choosing one of the options below (choose only one by placing an X in the column to the left):
	A. Extremely important in influencing my opinion about the firm’s competitive advantage.
	B. This is an important datapoint, but not as important as others I selected.
	C. This is an important data-point, but in my opinion, an unfavorable value or trend is not enough to prevent me from concluding that the firm has a durable competitive advantage.

Summary

In the space below, state your conclusion about why the firm does or doesn’t have a durable competitive advantage. Use the data you have provided to support your opinion. State your opinion as succinctly as possible.

Type response here: