Word Essay

financial section

Contents
30 Management’s Discussion of Financial Responsibility ............................ We begin with a letter from our Chief Executive and Financial Officers discussing our unyielding commitment to rigorous oversight, controllership, informative disclosure and visibility to investors. Management’s Annual Report on Internal Control Over Financial Reporting ...................................................................................... In this report our Chief Executive and Financial Officers provide their assessment of the effectiveness of our internal control over financial reporting. Report of Independent Registered Public Accounting Firm .................. Our independent auditors, KPMG LLP, express their opinions on our financial statements and our internal control over financial reporting. Management’s Discussion and Analysis (MD&A) 32 Operations........................................................................................................... We begin the Operations section of MD&A with an overview of our earnings, including a perspective on how the global economic environment has affected our businesses over the last three years. We then discuss various key operating results for GE industrial (GE) and financial services (GECS). Because of the fundamental differences in these businesses, reviewing certain information separately for GE and GECS offers a more meaningful analysis. Next we provide a description of our global risk management process. Our discussion of segment results includes quantitative and qualitative disclosure about the factors affecting segment revenues and profits, and the effects of recent acquisitions, dispositions and significant transactions. We conclude the Operations section with an overview of our operations from a geographic perspective and a discussion of environmental matters. 45 Financial Resources and Liquidity .......................................................... In the Financial Resources...