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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2202 |
Essay's paper body
with its $1 Billion dollar acquisition of Airborne Express, making it the third largest global provider of delivery services and a top competitor for UPS. Revenues for both competitors and their subsidiaries topped the $2 billion dollar range in 2003, making the market just a little tight for the big brown giant...
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The letter deemed the financial data to "present fairly and in all material respects, the financial position of United Parcel service, Inc. and its subsidiaries in conformity with accounting principals generally accepted in the United States of America"(UPS Annual report 2003).
Accounting Policies
The notes to the consolidated financial statements for UPS begin with the Summary of Accounting Policies, which details first that the financial statements include the accounts of all the consolidated subsidiaries, and are prepared to conform to accounting principles generally accepted in the United States of America, as does FedEx...
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