At the outset, let me give the requisite reminder that the views I express today are my own and do not necessarily represent the views of the Commission or its staff.
You will obtain the annual report of a Fortune company and answer questions regarding the application of concepts studied in your financial accounting course. The Annual Report Project: Will increase your interest in financial accounting by allowing you to personally choose the annual report you will review Provides hands-on exposure to financial statements of real-world companies Emphasizes the importance of the notes to the financial statements Provides an opportunity to examine the application of procedures and methods discussed in your accounting textbook Encourages you to work with spreadsheets The Annual Report Project consists of five assignments and is designed to be a useful supplement for undergraduate financial accounting courses.
The following is a list of the topics covered in each Annual Report Project assignment: Obtain the most recent annual reports of two U. Do not select a public utility, financial institution or brokerage firm, insurance company, co-operative or government entity.
In addition, please note that summary annual reports are not acceptable. The completion of your annual report project assignments will be easier if you obtain a printed copy of the annual report rather than retrieve the report from an Internet site.
However, your instructor may allow you to download the annual report from the company Web site. A useful resource is fortune. This site provides links to the Web sites of Fortune companies.
The Investor Relations Information Network www. Choosing a company Choose companies in which you are interested. Perhaps the company has been featured in the news lately. Perhaps you own stock in the company. Perhaps you would like to own stock in the company.
If you want to look at a list of possibilities, find a copy of the April issue of Fortune magazine which lists the Fortune or try www. Answer the following questions. Name of company chosen: Indicate phone number called, Internet address, etc. Why did you select this particular company?
Information about the company: What is the industry classification for the company according to Fortune or the Internet site you are using?Get instant Homework Help for your questions, 24/7 online Tutors for assignment help and support, worlds largest Database of notes, documents and many more.
Mar 05, · The following is a test that I recently gave to my State and Local Government Accounting class here at the university.
I am delighted to share it (and the answers) with you in exchange for a small donation to Project torosgazete.com is important in . The first question came from a member of the technical staff at FASB, who wanted to know the SEC’s view on adopting international financial reporting standards (IFRS) into the U.S.
reporting system, and specifically on any possible future convergence project between FASB and the IASB. The Retail Salary Survey reports compensation data for benchmark jobs related to selling merchandise in small quantities to the general public either via physical location or via internet, catalog, door-to-door or direct response.
The survey includes automobile dealers, apparel stores, building materials stores, electronics and appliance stores, food and general merchandise stores.
Strategic financial evaluation is more than making a "yes" or "no" investment decision. It requires examining the strategic fit of the investment decision, particularly as it relates to the overall corporate vision, the financial analysis, as well as a valuation of any options surrounding the investment decision.
Financial Accounting Standards Board Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes, is intended to substantially reduce uncertainty in accounting for income taxes. Its implementation and infrastructure requirements, however, generate a great deal of uncertainty.