Financial Management Analysis of Toyota and General Motors Research Paper

Financial heed Analysis of Toyota and General Motors - Research Paper mannikinIn this regard, it testament be worth mentioning that the success or failure of any headache social unit can be largely depicted from the facts presented in the fiscal reports of the companies. This approach is often regarded as financial management digest of any business, depicting its current business positioning. Contextually, the role of conducting financial management outline is deemed to be quite effective in this modern day business. The effectiveness of the performance of any business can mainly be determined through a comprehensive analysis of varied financial reports comprising capital management, income statement, balance sheet and statement of funds (Nieuwenhuizen, 2007).With this concern, the research paper intends to conduct an effective analysis of financial management, which compares and contrasts two particular companies namely Toyota Motor Corporation and General Motors Company (GM) . The analysis will mainly address analyzing the financial data of previous three years of both the companies in equipment casualty of capital management, balance sheet, income statement and statement of funds.Both Toyota and GM are recognized as the principal market players operating in the automobile sector for numerous years. These companies have been able to attain quality competitive position in terms of delivering quality products and/or services to their respective customers worldwide. Evidently, Toyota is a Japanese based automobile manufacturer, which enraged its customer base through offering quality products to them. The company is as well as widely recognized for its adoption of lean manufacturing approach along with the practice of Total Quality Management (TQM). These aspects further ensure that the company could be able to deliver quality products to the customers with utmost consistency, thereby gaining uttermost profitability. Specially mentioning, Toyota becam e much renowned in applying effective corporate