Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

The Annual Report Project (ARP) is intended to provide real-world ex of the accounting and financial reporting principles. Specific purposes of the project are as follows:

• To demonstrate types of financial statement formats used by American corporations.

• To enable you to learn where to find key financial information on your company.

• Provide practice in written communication of financial information, a skill which would be invaluable during professional career.

Basic Instructions

1. Choose a large publicly traded corporation and get a recent annual report (2011 or 2012, if possible).

2. Familiarize yourself with contents of annual report. You certainly don’t have to read it word for word—no one else does—but you must know where to find CEO’s narrative, auditor’s report, the financial statements, and notes to the financial statements.

3. prepare short narrative report which includes information listed in the next section. Your grade on the project would reflect my perception of how well you address each issue, so ensure that your explanations and/or opinions are complete and well founded.

4. Your report must be prepared on the word processor. The report must be neatly prepared and must observe general rules of good grammar, punctuation, and sentence structure. Your report must be no shorter than 2 and no longer than 4 single spaced pages. Points would be detracted for failure to these requirements.

The Annual Report Project must include three sections with the following information:

Section 1: Basic Corporate Information

a. Official name of corporation
b. Location of corporate charter and corporate headquarters
c. Primary product or service
d. Short corporate history
e. Major subsidiaries (if identified)
f. Name of CEO
g. Makeup of Board of Directors

Section 2: Company Financial Situation

a. Financial performance during past year
b. Factors affecting financial performance
c. Number of outstanding common shares at yearend
d. Two competitive strengths
e. Two competitive weaknesses
f. Name of independent auditing firm

Section 3: Selected Financial Data

a. Sales or net sales
b. Total assets
c. Cash flows from investing activities
d. Gross profit (if available)
e. Total liabilities
f. Cash flows from financing activities
g. Operating income
h. Total stockholders’ equity
i. Present ratio, ROA, and Net profit margin
j. Net income
k. Cash flows from operating activities

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92658

Have any Question? 


Related Questions in Accounting Basics

Nbspexplain brieflya written representationsb internal

Explain briefly (a) written representations, (b) internal control communications, and (c) management letters. In your answer, include the general content of the communication, the parties involved with the communication, ...

The balance of the 060 par common stock account for company

The balance of the $0.60 par Common Stock account for Company was $60,000 before its recent 3-for-1 stock split. The market price of the stock was $30 per share. What occurred as a result of the split? a. The par value p ...

Assignment 1 - this assignment has 2 parts 1000 word theory

Assignment 1 - This assignment has 2 parts, 1000 word theory interpretation essay and a response to a practical application of the theory. The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure ...

Accounting theory assignment-read the articles on study

Accounting Theory Assignment- Read the articles on study desk: Volkswagen The scandal explained Instructions This assignment is a research based essay where you are required to relate a practical example to accounting th ...

1 what are the three classifications of restrictions of

1. What are the three classifications of restrictions of retained earnings, and how are such restrictions normally reported on the financial statements? 2. Indicate how prior period adjustments would be reported on the f ...

Instructionchapters 1 2 3 4your assignment must be planned

Instruction:. Chapters: 1, 2, 3, 4 Your assignment must be planned, organized, typed properly, no hand written assignment will be accepted. Use pdf file to send your assignment. Please note that this assignment is an exc ...

Problem - journalize and post the following entries you

Problem - Journalize and post the following entries. You will need to create additional T accounts as needed. Our sales terms are always 3/15 n45 for sales made on account unless stated otherwise. See if you can trace th ...

Principle of accounting -u2dbdeliverable length 150-200

Principle Of Accounting -U2DB Deliverable Length: 150-200 Words What do you think is the connection between a diary you may have had when you were young and the recording process that you have recently learned about? Wha ...

The assignment will require the group to undertake research

The assignment will require the group to undertake research using the website of the Australian Stock Exchange (ASX) and/or the Company whose industry is Food, Beverage & Tobacco that you have chosen. Elder Ltd is the ap ...

Common-size balance sheet of michael hill international ltd

Common-size Balance Sheet of Michael Hill International Ltd for the years 2014 and 2015: Particulars 2015   $000 % of total 2014    $000 % of total ASSETS         Current assets         Cash and cash equivalents 6797 1.9 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate