Liberty University ACCT 212 Individual Learning
Project solutions answers right
Principles of Accounting II
Individual
Learning Project Instructions
This project will allow you the opportunity to
explore a company’s annual report and become familiar with the items it
contains. Choose a company from Standard & Poor’s Net Advantage whose
company’s name begins with the same letter as your last name. Locate the most
recent annual report, either from the Liberty University library’s access to Standard & Poor’s website, the EDGAR database (http://www.sec.gov/), or the company’s website. Once located,
open Individual Learning Project Questions document and add your answers
underneath each question. Do not delete
the questions. Questions 1–49 must be answered with Microsoft Word. Your
answers for these do not need to be in complete sentences. Questions 50–52 must
be answered in Microsoft Excel and your answers must include formulas.
Questions 53–55 must be answered with complete sentences and justification
within the Word document. Both documents (Word and Excel) must be uploaded into
the Assignment link.
To access the Liberty University Library online resources from off campus:
·
From the
Blackboard log-in page, right-hand side “Quicklinks” pull-down menu -- choose
“Library.”
·
Click
log-in button. Off-site access cannot be gained unless the user successfully
completes the log-in.
·
This must
take you to the “Library Research Portal”; if not, click on “Portal.”
·
Click on
the “databases” tab.
·
Click on
the “Databases by Letter,” and select the letter “S.”
·
Scroll
down until you see “Standard & Poor’s NetAdvantage.”
·
Click on
the link and then you may begin your search.
This assignment is due by 11:59 p.m. (ET) on
Monday of Module/Week 7.
Individual Learning
Project Questions
Name_______________________________
General Information:
1.
What is the
name of your corporation?
2.
Where are
the corporate headquarters?
3.
What is the
corporation’s fiscal year end?
4.
What are
the primary products or services of the corporation?
5.
Graph the
high and low price of the company’s stock for each quarter of the last two
years. What was the high and what was the low?
6.
Who is the
company’s transfer agent and where are they located?
7.
Who are
your company’s competitors?
Market Information:
8.
On which
stock exchange is your corporation’s stock traded?
9.
What is the
current market price of their stock?
10.
What is the
ticker symbol used to identify your corporation on the stock exchange?
Internet Information:
11.
What is the
Internet address of your corporation? Be sure it appears as a hyperlink.
12.
Is the
corporation’s Annual Report online?
13.
Are its
financial statements on-line?
14.
Is your
company listed on Annualreports.com?
15.
How long is
your company’s 10-K report at the Securities and Exchange Commission website
(Edgar Database)?
Cash Flow and Retained Earnings:
16.
List the
amount of cash flows from each of the 3 activities: Operating, Investing, and
Financing for the 2 most recent years. What was the increase or decrease in
cash for each of these years?
17.
Were there
any Non-Cash Investing/Financing Transactions? Describe the type and amount.
18.
What is the
dollar difference between accrual net income and Cash provided by Operations?
19.
What
investing activity provided the largest inflow of cash in the current year?
20.
What
investing activity used the largest amount of cash in the current year?
21.
What
financing activity provided the largest inflow of cash in the current year?
22.
What
financing activity used the largest amount of cash in the current year?
23.
Does the
company have sufficient cash inflows from the appropriate category? Describe
any problems the company many experience with cash flow from your analysis of
the cash flow statement.
24.
Show the
change in Retained Earnings for the 2 most recent years. What was net income
for each year? How much was paid out in dividends each year?
25.
Were the
dividends on common stock and/or preferred stock? What was the amount of each?
26.
Did
Retained Earnings change for any reasons other than net income or dividends?
Explain.
27.
What
classes of stock does your company have?
28.
How many
shares of each class of stock are authorized, how many are issued, and how many
are outstanding?
29.
Does your
company have any treasury stock? How many shares and what dollar amount?
30.
What is the
par or stated value of each of your company’s stocks?
Footnote Disclosures:
31.
How many
footnote disclosures does your company have?
32.
How many
significant accounting policies are listed under its Summary of Significant
Accounting Policies?
33.
What does
it include as Cash and Cash Equivalents?
34.
What method
does it use to value Inventory?
35.
What
method(s) does it use to depreciate its assets?
36.
Does it
have any leased assets? If yes, describe them.
37.
What
policies does it have in regard to Foreign Currency Translations?
38.
Describe
any pending lawsuits in which it is involved.
39.
Provide its
Earnings per Share for the 2 most recent years?
Report of the Independent Auditor(s):
40.
Who is/are
your company’s auditor(s)?
41.
Where are
they located?
42.
Does the auditor(s)
give a qualified opinion, an unqualified opinion, a disclaimer of opinion, or
an adverse opinion? What does that opinion mean? Is it good?
43.
What is the
auditor’s responsibility in regard to the financial statements?
44.
What is
management’s responsibility in regard to the financial statements?
45.
What
financial statements were included in the auditor’s opinion?
46.
Did the
auditor believe that the statements were presented fairly?
Management’s Report:
47.
Who bears
the responsibility for the integrity and the objectivity of the financial
statements?
48.
What does
management say they are doing to assure the public that the financial
information is reliable?
49.
What is the
responsibility of the Audit Committee of the Board of Directors?
Analysis:
(use Excel to complete this section)
50.
Provide
common-size analysis of your company’s income statement and balance sheet for
the 2 most recent years (must be done using Excel with formulas).
51.
Provide
horizontal analysis of your company’s income statement and balance sheet,
showing the dollar amount and percent of change using the 2 most recent years (you
must use an Excel spreadsheet with formulas).
52.
Perform
ratio analysis on your company using the ratios listed in Exhibit 13.16 on page
529 of your text (these must be in an Excel spreadsheet, using formulas to
calculate the ratios). You should present them in a similar format as the text:
group by category, list name of ratio, formula in words, and the ratio
calculation. Give a short explanation of your conclusions about your company
after each category of ratios (i.e. How liquid is your company? How efficiently
is it using its assets? etc.).
Conclusions:
53.
Are you
optimistic or pessimistic regarding the future of your chosen corporation?
Explain.
54.
Would you
invest in the stock of the company? Explain.
55.
Would you
invest in the bonds of the company? Explain.
No comments:
Post a Comment