Project – Financial Statement and Accounting Policy Disclosures The project can be completed individually or by a group (formed voluntarily by two partners). Each group only needs to submit one copy of the report. Each group should work independently. Copying or any form of plagiarism, once detected, will result in zero grade for the report grade. Due dates:  Identify a partner and a company you would like to follow by November 9th.  The final report is due by 20 nov  The report need to be thoroughly written, typed, and single spaced using an essay format. Project Requirements: Obtain the most recent copy (year 2011 or 2012) of the annual report (Form 10-k) from a merchandize company (e.g., Target, Gap, Best Buy, Dillard’s, Macys’, etc). Annual report can be easily located in a company’s website (such as: investor relationship – financial information – annual reports). For example: http://investor.shareholder.com/dillards/financials.cfm 1. Submit hard copies of the company’s Income statement and Balance sheet. 2. Who is the company’s independent auditor? Has the company got an unqualified (clear) opinion from its auditor? 3. What are the asset classifications contained in the company’s balance sheet? 4. What is the ending number of the following Balance sheet items?  Total assets  Current assets  Net realizable value of accounting receivable (if any)  Inventories  Current liabilities  Total shareholder’s equity  Retained earnings 5. Compute the current ratio (Total current assets/Total current liabilities), and explain the ratio. 6. What is the par value of the company’s common stock? How many shares of common stock are authorized, issues, and outstanding at the end of 2009? 7. What is the amount of the following income statement items for 2009?  Revenue (net)  Gross margin  Operating income  Income tax expense  Net income  Earning per share (undiluted) 8. Did the company have any discontinued operations and/or extraordinary items? If so, how the company reported these items in the income statement? 9. Identify the following items (Notes to the financial statements, check for significant accounting policies and item descriptions): a. The definition of cash equivalents. b. The company’s inventory valuation method. c. The company’s depreciation method. d. The company’s policy on estimating bad debt expenses.

 

Project – Financial Statement and Accounting Policy Disclosures

 

The project can be completed individually or by a group (formed voluntarily by two partners). Each group only needs to submit one copy of the report. Each group should work independently. Copying or any form of plagiarism, once detected, will result in zero grade for the report grade.  

 

Due dates:

• Identify a partner and a company you would like to follow by November 9^th.
• The final report is due by 20 nov
• The report need to be thoroughly written, typed, and single spaced using an essay format.

 

Project Requirements:

Obtain the most recent copy (year 2011 or 2012) of the annual report (Form 10-k) from a merchandize company (e.g., Target, Gap, Best Buy, Dillard’s, Macys’, etc). Annual report can be easily located in a company’s website (such as: investor relationship – financial information – annual reports). For example: http://investor.shareholder.com/dillards/financials.cfm

 

1.     Submit hard copies of the company’s Income statement and Balance sheet.

2. Who is the company’s independent auditor? Has the company got an unqualified (clear) opinion from its auditor?
3. What are the asset classifications contained in the company’s balance sheet?
4. What is the ending number of the following Balance sheet items?
• Total assets
• Current assets
• Net realizable value of accounting receivable (if any)
• Inventories
• Current liabilities
• Total shareholder’s equity
• Retained earnings
5. Compute the current ratio (Total current assets/Total current liabilities), and explain the ratio.
6. What is the par value of the company’s common stock? How many shares of common stock are authorized, issues, and outstanding at the end of 2009?
7. What is the amount of the following income statement items for 2009?
• Revenue (net)
• Gross margin
• Operating income
• Income tax expense
• Net income
• Earning per share (undiluted)
8. Did the company have any discontinued operations and/or extraordinary items? If so, how the company reported these items in the income statement?
9. Identify the following items (Notes to the financial statements, check for significant accounting policies and item descriptions):

a.      The definition of cash equivalents.

b.     The company’s inventory valuation method.

c.      The company’s depreciation method.

d.     The company’s policy on estimating bad debt expenses.

walmart comany selected for this work 2011 (i posted tutorial 28 Nov 2012) Pl reconsider then purchase it

CLICK HERE TO GET THE ANSWER !!!!