Annual Report Expedia Term Paper

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Sister Judy Olsen Accounting II Annual Report: Expedia INC Expedia Inc operates as an online travel company in the United States and internationally. Founded as division of Microsoft in 1996, Expedia had a corporate spin-off in 1990 and was later purchased by TicketMaster in 2001. The company provides travel products and services to leisure and corporate travelers, and other service providers through a portfolio of brands, including Expedia.com, hotels.com, Hotwire.com, Expedia Affiliate Network, Classic Vacations, Expedia Local Expert, Expedia CruiseShipCenters, Egencia, eLong, Inc., and Venere Net SpA. Expedia, INC’s companies operate more than 100 branded points of sale in more than 60 countries. This company offers airline tickets, hotel rooms, car rentals, destination services, cruises, and package travel provided by various commercial airlines, lodging properties, car rental companies, destination service providers, cruise lines, and other travel product service companies. The annual report is a comprehensive report on a company’s activities throughout the proceeding year. In addition, the annual report consists of various sections of a single company. Nevertheless, there are certain key parts to the annual report to highlight. The first key point is the auditors report. By analyzing this, this explains if the numbers are accurate or not. This is a great section to forecast on concerns about the future operation of the business. Secondly, the next key point is the financial statements. The financial statement consists of the balance sheet, the income statement, and the state of cash flows. This is where the actual financial results for the year are located. In the balance sheet the assets, liabilities, and capitalization show the numbers for the current year and the previous year. By looking at this it is a downright overview to see what

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