Financial Overview of Under Armour, Inc.
Progress Report 1
October 31, 2013
Company Background
Under Armour is an American sports clothing and accessories company. Under Armour is a supplier of casual apparel and sportswear. The global headquarter of Under Armour is located in Baltimore, Maryland. The firm has started offering footwear in the year 2006. The European headquarters are in Amsterdam’s Olympic Stadium while the additional offices are in Hong Kong, Jakarta, Indonesia, China, Canada, Toronto, Denver and Guanghour. Under Armour was established in the year 1996. Kevin Plank is the founder of Under Armour. Under Armour is one of the leading provider of high performance sports, and there are almost 1400 employees working in Under Armour (Zimmerer, 2002). The Under Armour is traded on the New York Stock Exchange, and the ticker symbol of the Under Armour is UA. The name of Auditing firm is “PWC”, Price Water House. The goal of the firm is to assist the Board of Directors of Price Water house is to monitor along with the integration in the process of financial reporting, internal control system and the financial statements and reports of the firm. The firm has to maintain the legal and the regulatory requirements and the performance of the firm for the global international audit function. The qualification, performance and independence are also the purpose and the responsibility of the firm, along with the compensation and responsibility of the appointment for outside auditors Under Armour is a sportswear firm which is built a leading brand name in the emerging market for the hi-tech athletic gear (Suarez, 2013). The synthetic fibre is being used by the firm in the apparel for the marketing of its products for the enhancement of performance that are alternatives to traditional cotton or mesh gear as Under Armour gear are designed to get away moisture along with the regulation of body temperature. Under Armour had expanded its retail offering along with the
October 31, 2013
Company Background
Under Armour is an American sports clothing and accessories company. Under Armour is a supplier of casual apparel and sportswear. The global headquarter of Under Armour is located in Baltimore, Maryland. The firm has started offering footwear in the year 2006. The European headquarters are in Amsterdam’s Olympic Stadium while the additional offices are in Hong Kong, Jakarta, Indonesia, China, Canada, Toronto, Denver and Guanghour. Under Armour was established in the year 1996. Kevin Plank is the founder of Under Armour. Under Armour is one of the leading provider of high performance sports, and there are almost 1400 employees working in Under Armour (Zimmerer, 2002). The Under Armour is traded on the New York Stock Exchange, and the ticker symbol of the Under Armour is UA. The name of Auditing firm is “PWC”, Price Water House. The goal of the firm is to assist the Board of Directors of Price Water house is to monitor along with the integration in the process of financial reporting, internal control system and the financial statements and reports of the firm. The firm has to maintain the legal and the regulatory requirements and the performance of the firm for the global international audit function. The qualification, performance and independence are also the purpose and the responsibility of the firm, along with the compensation and responsibility of the appointment for outside auditors Under Armour is a sportswear firm which is built a leading brand name in the emerging market for the hi-tech athletic gear (Suarez, 2013). The synthetic fibre is being used by the firm in the apparel for the marketing of its products for the enhancement of performance that are alternatives to traditional cotton or mesh gear as Under Armour gear are designed to get away moisture along with the regulation of body temperature. Under Armour had expanded its retail offering along with the