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Abstract

The primary purpose of this study is to compare Bayer AG and Siemens AG companies’ annual reports from 2020 to 2022 inclusive. It is worthwhile mentioning that Bayer AG and Siemens are two different sectors and have been listed in the DAX list of Germany. To achieve the main objective, the author evaluates financial statements of mentioned companies from 2020 to 2022 inclusive in the case of assets, liabilities, cash flow statement inclusive of cash flow, free cash flow, and goodwill. In-depth review in the annual reports and related scholarly articles to support the remarkable concepts was taken. Findings support the notion that two different companies which are completely distinguishable based on their different sectors and indicating Siemens AG and Bayer AG are agile companies. However, Siemens AG is much better due to its large size. The superior contribution of this assignment or short study is to provide a comprehensive literature relevant to concepts and explication of them in-depth.