Access these links to learn more about Finance and Accounting and related topics.
Finance and Accounting oversees all the monetary transactions of Corporate View and its strategic business units. By monitoring our finances, we are able to make the best use of our resources and provide the board of directors with the information needed to make informed decisions. We are responsible for monitoring departmental budgets, funding for new projects and new product development programs, and investments.
In addition to these internal functions, we monitor Corporate View's financial image in the marketplace and maintain accurate tax records for the IRS and other taxing authorities. We also assist in completing various reports and summaries of Corporate View's financial performance for stockholders, the Securities and Exchange Commission (SEC), and other government agencies.
All Corporate View financial records are audited annually by a major accounting firm. (See the list below.) Quarterly and annual reports are subject to the same generally accepted accounting principles and auditing standards.
During the last quarter, Corporate View stock fluctuated, reflecting the natural ups and downs of the market as you will see in the quarterly report. You'll notice that a new product (the VoiceCom III) was delayed in production and shipped ten days late. Because the product wasn't available when promised, the corporation looked bad. A drop in the stock price reflected Wall Street's dissatisfaction.
After the product was shipped, prices started to creep up. After the VoiceCom III started getting great press from reviewers, the stock prices jumped up even higher.