FIN689 Advanced Financial Management and Analysis

Analyze EBAY’s financial statements and develop a recommendation as to whether this company is a good candidate for acquisition by the private equity fund you work for. For this paper obtain the 10-K reports for this company for the most recent five fiscal years. In your paper Requirements: 10 pages double spaced Must be 10 to 12 double-spaced pages in length (not including title and references pages and formatted according to APA style. Within these 10 to 12 pages provide data tables and calculations. These tables and calculations should be approximately 40% to 50% of the total work product. Must utilize academic voice. Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper. Must use at least three scholarly sources. Must document any information used from sources in APA style. State the purpose of your report. Analyze your company’s financial operations for the previous five yearsCategorize the earnings quality of the organization.Consider quality of financial reports earnings quality cash flow quality and balance sheet quality. Categorize the earnings quality of the organization. Consider quality of financial reports earnings quality cash flow quality and balance sheet quality. Determine appropriate analyst adjustments to earnings and cash flow.

Calculate adjusted after-tax earnings and cash flow for each of the past five years.Adjust for the impact of any acquisitions completed in the previous five years; specifically adjust earnings and cash flow for the full year impact of any acquisitions.Adjust for the impact employee pension plans.Adjust for the impact of foreign currency and hedging transactions.Determine the impact of accounting assumptions for pension plans employee stock compensation plans and intercorporate investments on the company’s financial statements.State the impact of any other changes in accounting assumptions over the past five years on the financial statements.Analyze the company’s effective tax rateDetermine the likelihood and timing of realization of any deferred tax liabilities or assets.Explain the availability and potential use of any tax loss credits and carryforwards.Identify significant risks that would impact the investment recommendation. This could be industry concerns potential changes in accounting standards or current economic events that may impact the company in the future.State your recommendation of (1) Strong buy candidate; (2) Potential buy candidate subject to specific issue resolution; or (3) not a potential acquisition candidate. Calculate adjusted after-tax earnings and cash flow for each of the past five years.

Adjust for the impact of any acquisitions completed in the previous five years; specifically adjust earnings and cash flow for the full year impact of any acquisitions.Adjust for the impact employee pension plans.Adjust for the impact of foreign currency and hedging transactions. Adjust for the impact of any acquisitions completed in the previous five years; specifically adjust earnings and cash flow for the full year impact of any acquisitions. Adjust for the impact employee pension plans. Adjust for the impact of foreign currency and hedging transactions. Determine the impact of accounting assumptions for pension plans employee stock compensation plans and intercorporate investments on the company’s financial statements. State the impact of any other changes in accounting assumptions over the past five years on the financial statements. Analyze the company’s effective tax rateDetermine the likelihood and timing of realization of any deferred tax liabilities or assets.

Determine the likelihood and timing of realization of any deferred tax liabilities or assets. Explain the availability and potential use of any tax loss credits and carryforwards. Identify significant risks that would impact the investment recommendation. This could be industry concerns potential changes in accounting standards or current economic events that may impact the company in the future. State your recommendation of (1) Strong buy candidate; (2) Potential buy candidate subject to specific issue resolution; or (3) not a potential acquisition candidate.