TopAceEssays

The purpose of this assignment is exposure to a ‘real’ financial statement annual report for a stockmarket based popular company (see semester company list). The following learning outcomes will be
assessed:
Please note that Competency 6 is the peak competency. Competency 1 to 5 are building blocks for
competency 6. This post test therefore is cumulative in nature.
C1: Identify accounting, accounting standards, and objectives of financial and managerial accounting.
C2: Identify and differentiate between the four basic financial statements, purposes and elements.
C3: Describe an effective accounting information system and management’s role.
C4: Analyze cost behaviors using various financial analysis.
C5: Identify, construct, and appraise budgets for effective management.
C6: Analyze financial statements to evaluate operations and performance.
Instructions:

1. Review 12 company’s financial information and decide on 1 company to process financial statement
   briefing and analysis. Each individual in class must conduct research a different company. No overlaps
   are allowed. Once you decide on a company, then message me and declare your company. The first
   person who selects and I confirm with, then the company is granted and the company is taken off as an
   option.
   You will need to conduct research to locate the company’s financial statements and/or annual reports.
   For example: Amazon investor link: https://ir.aboutamazon.com/investor-relations?c=97664&p=irolirhome Once you are in this website, which is the Amazon website, scroll down to investor’s relations
   (left hand side) and pull up the Annual Reports. You will conduct research on the latest annual report.
   For example, this Summer school course will conduct research on 2022, since there is a full set of
   financial statements.
   Amazon is only an example and will not be used for research. If I provide you the link, you must search
   for the annual financial statement link yourself. Just remember, you need to access the latest annual
   report.
   Also there is a link to library services and you have excellent resources from librarians.
   I have provided some sites for you. If they are not included, then you will need to search for them.
   Lowe’s: https://lowes.gcs-web.com/
   Toyota Motor Corporation: https://www.sec.gov/Archives/edgar/data/1094517/000119312516630645/
   d19734d20f.htm (latest annual report is 2022)
   General Motors: https://investor.gm.com/investor-relations or
   https://investor.gm.com/sec-filings?field_nir_sec_form_group_target_id%5B
   %5D=471&field_nir_sec_date_filed_value=2018#views-exposed-form-widget-sec-filings-table
   Spirit Airlines: http://ir.spirit.com/FinancialDocs
   Southwest Airlines: http://www.southwestairlinesinvestorrelations.com/news-and-events/newsreleases/2019/01-24-2019-113106440
   WalMart: (conduct research on 2021 – not 2022)
   https://s2.q4cdn.com/056532643/files/doc_financials/2018/annual/WMT-2019_Annual-Report.pdf
   Fedex: http://investors.fedex.com/financial-information/annual-reports/default.aspx
   ExxonMobil: https://corporate.exxonmobil.com/en/investors/annual-report
   General Electric: https://www.ge.com/investor-relations/annual-report
   Johnson and Johnson: https://www.jnj.com/about-jnj/annual-reports
   Caterpillar: https://www.caterpillar.com/en/investors/reports.html
   Anheuser-Busch Company: https://www.ab-inbev.com/investors.html
   Or find required financial report filings at the Security Exchange Commission:
   https://www.sec.gov/edgar/searchedgar/companysearch.html
   Again, communication must be made to the instructor on #1 preferred company and a secondary
   preferred company. Instructor will give a formal approval based on the number of request, to each
   individual. Individuals are encouraged to immediately notify instructor so that preferred company is
   granted.
   Make sure to obtain an approval through the message center, prior to beginning work.
2. Download and read, in detail, at least 3 financial documents provided relating to selected company.
   The required readings and research are as follows: latest annual report or 10-K filing, annual letter to
   shareholders and management’s discussion and analysis. Students may research more documents than
   mentioned; however, the student must research the noted document listed above, at minimum. You will
   find other documents very helpful such as financial highlights. While you are not required to research
   this document, it will be very helpful in summarizing financial outcomes.
3. Write a comprehensive report containing with the following elements: (If report is partially
   completed, the report will not be accepted. You must have all parts completed before I will grade your
   report. Remember this is a comprehensive report and must be summited as a whole.
   a. Declared Company – Write 1-3 pages about the company and its direction from a financial
   standpoint (This is based on combination of narrative and quantitative measurements in the
   annual report.) (Measures C6)
   i. It is suggested to write this section after researching items b-i below.
   b. Discuss the users of the annual report. Describe how users can utilize the information. The
   suggested length be ½ – 1 page. (Measures C1-C2)
   c. Identify the main financial statements in the annual report and describe the basic financial
   statement elements. Discuss if the financial statements follow GAAP and how can a user identify
   if it is compliance with GAAP. The suggested length be 1 to 1 ½ page. (Measures C2)
   d. Discuss accounting information system related to internal control systems. Based on SarbanesOxely Act, internal controls must be discussed and therefore, report contains these topics. The
   suggested length should be 1 page. (Measures C3)
   e. Risk Factors – Summarize 5 of the numerous risk factors stated in the report. Risk factors are
   standard requirement of each company’s report. Discuss risks’ impact on company and
   management. The suggested length be 1 – 1 ½ page. (Measures C4-C6)
   f. The annual report information should discuss budget outcomes. Discuss budget results and
   management’s reflection and//or action of budget outcomes. The suggested length be ½ – 1 page.
   (Measures C4-C5)
   g. Create a vertical analysis for the most recent year for one major financial statements
   (consolidated) (Measures C6)
   h. Create a horizontal analysis for the most recent year and immediate prior year for one major
   financial statements (consolidated) (measures C4 & C6)
   i. There are various categories of financial ratios discussed in this course. For each category
   Profitability, Solvency, Efficiencies, and Liquidity ratios, calculate at least 2 ratios (per
   category), utilizing the financial statements contained in the annual report. Show the formula
   and the result. Discuss the results and its meaning. The student may integrate information in the
   report that explains ratio analysis and outcome
4. The report must be in one document. Final report should be submitted here. Piecemeal reports will
   not be accepted and will automatically receive a 0. Citations and citation page are required, if
   applicable.
   Report deliverables specifications:
   Times New Roman font
   size 12
   doubled space
   moderate margin.
   Citation page is required.
   Please review the provided rubric for grading criteria.

Get Homework Help Now