Project #9993 - Accounting

Module 1 - Case

Introduction to Executive Tools for Decision Making

 

Case Assignment Task:

In this initial case for ACC201, you are going to become familiar with the set of financial information that is available in the public financial statements of companies. You will be using the financial statements to answer the following questions for each of your companies. You are to write a 3 to 4 page paper which incorporates the items below:

  1. Choose any three publicly traded companies as long as you have at least one company that deals with a product and at least one company that deals with a service.

  2. Next, go to the web site of each company and find their annual report to shareholders. You will generally find this in "investor" or "shareholder" information. You may need to dig in by several layers before you come to financial statements. If the company has a search feature on its web site, enter "annual report."

  3. For each company answer these questions: How much cash is available for the company to pay its current debts? Is the company in trouble or in good shape? [Hint: compare Current Assets with Current Liabilities. Assume that all Current Assets will be converted into cash before all of the Current Liabilities become due.] You will need to provide supporting details such as numbers from the financial statements.

  4. Is each company increasing or decreasing its investment in its operations? [Hint: look at "Cash Flow from Investing Activities on the Statement of Cash Flows. Then note the change in Non-Current Assets on the Balance Sheet from one year to the next.]

  5. How well is each company doing in its operations? [Hint: Look at the three year trend in Net Income on the Income Statement and at Cash Flow from Operating Activities on the Statement of Cash Flows.]

  6. Finally, based on your answers to the above questions, give each of the presidents of your companies a letter grade (A, B, etc) for his/her performance over the most recent year reported in the financial statements. Explain your grade.

  7. When your paper is done, send it in to CourseNet.

Notice that the annual report is divided into two distinct sections. The first is public relations and tells the world what a wonderful company this one is. The second includes a plethora of financial information including the three primary financial statements: the Income Statement, the Balance Sheet, and the Statement of Cash Flows.

Case assignment expectations

Use information from the modular background readings as well as any other reliable resources you use. Please cite all sources and provide a reference list at the end of your paper.

LENGTH: 3-4 pages typed and double-spaced.

The following items will be evaluated in particular:

  1. Your ability to choose any three publicly traded companies
  2. Your ability to locate the financial statements on the web site for those three companies
  3. Use those financial statements to answer basic financial performance questions about each company

 

 

Module 2 - Case

Financial Statements

 

 

 

Case Assignment:

There are three main parts to this case that requires you to prepare and submit a three to five page paper. Please make sure this paper is well organized and covers all of the items below.

Part I. Search the course background information, the Internet and/or the Cyber Library. Discuss the terms listed below. Your discussion should expand on the definition as given in the module background. Explain why these concepts are important to financial statements.

  • Generally Accepted Accounting Principles (US GAAP);
  • International Accounting Standards (IFRS);
  • Securities and Exchange Commission (SEC);
  • Annual report; and
  • 10-K, 10-Q, and 8-K

Part II. Explain the basic formats of financial statements such as income statement, balance sheet, statement of cash flows, and statement for retained earnings.

Part III. Explain the accounting equation with actual dollar amounts, prepare a table showing the equation, and show a list of accounts belonging to each category in the equation. You should include at least five accounts for each category.

Modular Case Assignment Expectations:

The submission should be 3 to 6 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references in APA format.

Module 3 - Case

Income Statement

 

 

Case Assignment:

There are three main parts to this case that requires you to prepare and submit a three to five page paper. Please make sure this paper is well organized and covers all of the items below.

Part I.

  • Why is revenue recognition a significant issue? How do we determine when revenues are recorded for accounting purposes?
  • Explain the difference between a product and period expense.
  • Discuss the matching concept as it relates to accounting for revenues and inventory.

Part II. Refer to the latest annual financial statements for the two following companies: Apple: http://investor.apple.com/ and Samsung: http://www.samsung.com/us/aboutsamsung/ir/newsMain.do. Generally, this information is found in the Investor Relations area of the website.

Clearly identify the companies, the time period, and include the link to the financial statements you are analyzing in your report.

  • What accounting conventions do the two companies follow, US GAAP or IFRS?
  • Locate the income statement for the past two years for both companies. Prepare a table comparing five items or more from each statement.
  • Comment on the changes from one year to another. Is the company doing better or worse? Did revenues and expenses increase or decrease?
  • Is it easy to discern trends or compare the information from year to year and between the two companies? Please, comments on both aspects and show some examples.

 

Modular Case Assignment Expectations:

The submission should be 3 to 5 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references in APA format.

Module 4 - Case

Balance Sheet

 

 

The main purpose of this module is to review the balance sheet in more detail.

Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. In addition, clearly

  • Distinguish between an expense (expired cost) and an asset.
  • Distinguish between current and long-term assets.
  • Distinguish between current and long-term liabilities.
  • Review Apple’s balance sheet and provide two examples of each of the above categories.
  • Discuss retained earnings and how income or loss and dividends affect this account. Review Apple’s retained earnings account and explain how it changes between the two past years.
  • Comment on at least three differences between Apple’s and Samsung’s balance sheets.
  • Does Apple or Samsung have more debt?
  • Which of the two companies is the bigger one? Explain your reasoning.

Modular Case Assignment Expectations:

The submission should be 3 to 5 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references in APA format.

Module 5 - Case

Statement of Cash Flows

 

 

 

The main purpose of this module is to review the statement of cash flows in more detail.

Is there a difference between direct and indirect methods to make a statement of cash flows? Discuss and note two or three specific differences. In addition, clearly

  • Distinguish between cash flows from operating activities and cash flows from investing activities.
  • Compare the statement of cash flows with income statement using terms of net income and cash at end of the year.
  • Which of the two financial statements (income statement and statement of cash flows) is the better one? Explain your reasoning.
  • Comment on differences between Apple’s and Samsung’s statement of cash flows.

Modular Case Assignment Expectations:

The submission should be 3 to 5 pages and need to include answers to all the questions listed above. Show formula for computations, compare two financial statements, discuss the results, and include references in APA format.

Module 6 - Home

Integration and Reflection

 

 

Modular Learning Objectives

By the end of this module, the student shall be able to satisfy the following outcomes expectations:

  • Module
    • Participate in a threaded discussion in which you will reflect on course concepts.
    • Prepare and submit a self-reflective essay.

 

Course Overview

Integration and Reflection

As your study in this course draws to a close, it is important to integrate the course content to ensure a comprehensive understanding of the concepts presented in each module. It is also important to "step back" and reflect on new levels of understanding, skills, and knowledge that were developed as a result of your efforts put forth throughout this course. It is particularly important to reflect on the course objectives (what you intended to learn in this course).

 

Once you are familiar with the resources available to you in the course background information, you will work with this material for the last weeks of the session.

The course objectives were:

  1. Describe the difference between Financial and Managerial Accounting (Module 1).

  2. Identify the purpose of and several uses of Financial Accounting (Module 1).

  3. The student should be able to explain the role of financial accounting in business (Module 2).

  4. The student should be able to explain the matching concept and measurement process (Module 3).

  5. The student should be able to analyze balance sheet accounts (Module 4)

  6. The student should be able to analyze the statement of cash flows (Module 5).

  7. Participate in a threaded discussion in which you will reflect on course concepts (Module 6).

  8. Prepare and submit a self-reflective essay (module 6)

     

Modular objectives:

In this module you will:

  • 1. Participate in a threaded discussion in which you will reflect on course concepts (Threaded Discussion)
  • 2. Prepare and submit a self-reflective essay

To close out this course please proceed to the module 6 threaded discussion forum and then the Self-Reflective Essay.

When you write the Self Reflective Essay (a module 6 requirement) you also need to state whether you achieved these course outcomes.

 

Subject Business
Due By (Pacific Time) 07/29/2013 12:00 am
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