Accounting 250 Annual Report Project ESSAY

Accounting 250 Annual Report Project

Accounting 250

Annual Report Project (10 points)

ARP Company Assignments – If your last name begins with:

A – C ……………………………….Urban Outfitters is your company

D – G ………………………………..Chipotle is your company

H – L ………………………………..Nordstrom is your company

M– P ………………………………..Apple is your company

Q – S ……………………………….Starbucks is your company

T – Z …………………………………Williams-Sonoma is your company

Instructions:

For your assigned company, go to D2L and download the PDF file to review your company’s Annual Report and answer the following questions. Make sure you include the page number of the Annual Report where asked. You will not get the points if the page number isn’t included. Put the page of the Annual Report/Form 10K, not the page of the PDF.

In order to become familiar with the organization of a company’s Form 10-K, find the table of contents at the beginning of the document and review it to see the sections of the annual report. As described in Chapter 9, all annual reports for publicly traded companies will have a Management Discussion & Analysis section (MD&A), audited financial statements, and notes to the financial statements which provide supplementary information. By reviewing the table of contents, you will become more familiar with the organization of the report and will be able to navigate to the section you need to review.

Grading Rubric:

Each question is worth 1 point, and 1 point will be attributed to the organization and presentation of your typed and stapled packet, for a total of 10 possible points. Your project must have a cover sheet that includes your name and the name of your assigned company. For questions 8 and 9 where you are asked to attach the document – you must print the sheet directly from the Annual Report. Do not take a screen shot or copy and paste the document. You will not receive full credit if you don’t include a printed copy where asked. Partial points may be given for a question that has multiple parts.

YOU MUST DO THE COMPANY ASSIGNED TO THE LETTER OF YOUR LAST NAME. (POINT DEDUCTIONS FOR PICKING ANOTHER ANNUAL REPORT.)

Project Questions:

1. Find the Management Discussion and Analysis section of your annual report. Find 1 fact in this section that would be interesting to an investor. Please note the fact (copy and paste it to this report) and explain why you think an investor would find it notable. Note the page number where you found this fact.

2. Find 1 fact anywhere in the annual report that you think would be interesting to an investor. Please note the fact (copy and paste it to this report) and explain why you think an investor would find it notable. Note the page number where you found this fact.

For Questions 3-5, you will find the answer in the Notes to the Financial Statements, most likely in the first note, Summary of Significant Accounting Policies.

3. Each company states their policy for recognizing revenue, cost of goods sold, and gift cards (if they have them). Choose one of these policies (revenue, cost of goods sold, or gift cards), copy and paste the policy, and note the page number you found it on.

4. What method of depreciation (i.e. straight-line, double-declining balance, etc.) does the company utilize for Property, Plant & Equipment? Copy and paste the policy, and note the page number that you found this on.

5. What inventory cost flow assumption does the company utilize? Copy and paste the policy, and note the page number that you found this on.

6. Financial Statement Balances:

a. What is the Cash and Cash Equivalents balance for the current year and the prior year?

b. What is the Accounts Payable balance for the current year and the prior year?

c. What is the Current Assets balance and the Current Liabilities balance for the current year?

d. What is the Current Ratio for the current year? (Hint: Find the formula for Current Ratio in Chapters 2 and 9 of textbook).

7. Financial Statement/Common Stock Questions:

a. What is the ending Retained Earnings (Accumulated Deficit) balance for the current year and the prior year?

b. What is the Net Income (Loss)/Net Earnings (Loss), (the balance after income taxes, before EPS calculations) for the current year and the prior year?

c. What is the par value of the common stock? If your company doesn’t have a stated par value, then indicate no par value.

d. How many shares of common stock are authorized for the current year?

8. In Chapter 5 you learned about Sarbanes-Oxley and internal controls. Sarbanes-Oxley requires independent auditors, as well as management, to report on the effectiveness of the company’s internal controls. Attach the report made by the company’s Independent Auditors regarding the company’s Internal Control over Financial Reporting, not the opinion regarding the financial statements. (Hint: This may be included before the company’s financial statements, or it may be included after the notes to the financial statements, depending on your company. There is one company that has the two opinions combined.)

9. Attach the Balance Sheet (also known as the Statement of Financial Position), Statement of Stockholders’ Equity, Income Statement (also known as the Statement of Operations or Statement of Earnings) and Statement of Cash Flows as your final attachment. They may have a title of Consolidated Balance Sheet, Consolidated Income Statement, etc.

Accounting 250 Annual Report Project ESSAY

Write my Essay. Premium essay writing services is the ideal place for homework help or essay writing service. if you are looking for affordable, high quality & non-plagiarized papers, click on the button below to place your order. Provide us with the instructions and one of our writers will deliver a unique, no plagiarism, and professional paper.

Get help with your toughest assignments and get them solved by a Reliable Custom Papers Writing Company. Save time, money and get quality papers. Buying an excellent plagiarism-free paper is a piece of cake!

All our papers are written from scratch. We can cover any assignment/essay in your field of study.