This is a group project. My task involves reviewing significant accounting polic

This is a group project. My task involves reviewing significant accounting policies, accounting disclosures, and auditor’s reports. Please make sure to refer to the attached guidelines and project grading file. refer only to part I of the instructions
company: biogen inc
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000875045/000087504524000009/biib-20231231.htm
Instructions
Financial Analysis and Business Valuation Project
The main purpose of this project is to apply the various steps (concepts and tools) of
financial statement analysis and business valuation covered in the course to estimate intrinsic
(fundamental) value of a firm. You are required to select a publicly traded US corporation (must
be approved by the instructor) and conduct fundamental analyses to estimate intrinsic value of the
firm.
As a part of the valuation process, you need to analyze the companies’ financial statements
and examine other sources of information, such as articles, books, accounting pronouncements,
and industry literature to gain an in-depth understanding of the business environment, accounting
statements and financial reporting issues. You can obtain financial statements from the Securities
and Exchange Commission (SEC) filings (10-K, 10-Q etc.) of your company and its competitors.
Besides, you can use a number of online services such as LEXIS/NEXIS-Universe,
CEOexpress.com, Dow Jones News/Retrieval Service, Global Disclosure, Zack’s Investment
Research, and Fortune 500 to gather information about the company, its industry, competition, and
its economic environment in general.
The whole project is divided into three parts.
Part I : Business Environment and Restated Accounting Statements (due
in Week 3)Part I: Business Environment Analysis and Restated Accounting Statements
In Part I of the project, you evaluate the environment and competitive forces of the industry
in which your selected firm operates. You then assess the firm’s competitive positioning within
the industry and evaluate corporate strategy. The following are the two sections of Part I:
Business Environment Analyses
→ Use the framework provided in the textbook (also reference articles provided in
Canvas) to conduct business environment analysis and competitive analysis of the firm
assigned to your group.
→ Identify close competitors and provide explanation for the choices.
→ Arrange your analyses in the following contents:
• Introduction:
• Industry Analyses: Porter’s Five Forces
Financial Analysis and Business Valuation Project Dr. A. Barua, College of Business, FIU
• Competitive Analyses
• Conclusion
Accounting Analyses and Restate Financial Statements
→ For accounting analysis, you will be using financial information reported (financial
statements and disclosures) by the firm assigned in the EDGAR system of the SEC.
→ Review significant accounting policies, accounting disclosures, and auditor’s reports
→ Prepare standardized financial statements (Income statement, Balance Sheet, and Cash
Flow Statement).
Contents:
• Introduction:
• Review significant accounting policies, accounting disclosures, and auditor’s
reports
• Standardized Financial Statement (in appendix)
• Conclusion
• Appendix:
o Original financial statements as they reported
o Standardized financial statements: Income Statement, Balance Sheet, and Statement of Cash Flow.