2. Identify the significant risks that potentially could impede your company (ACADIA Pharmaceuticals Inc.) from achieving each objective. This includes risks inherent in the industry, the company and even accounting policy choices. The 10-K lists a large number of risks in Part 1A. Not all of these risks are significant. You need to consider what your company does and identify the risks that are unique to that industry or that company specifically. For example, the following is not a significant risk: Adverse economic and geopolitical conditions and dislocations in the credit markets could have a material adverse effect on our financial condition, results of operations, cash flow and per share trading price of our common stock.Almost all companies will have this risk disclosure (or something similar) this is like saying If a meteor hits earth and destroys all living things, our business may be adversely affected no kidding. Find something more unique and explain how it affects the strategies you identified.3. Select one (you can always select more if you think necessary) of the significant accounting policies and explain why this policy is important to your company.

Risk assessment also occurs at the financial statement level. Identify what you consider to be the significant accounting policy areas for your company. Significant implies two characteristics: (1) the policy surrounds a transaction or operating characteristic that is material to the company and (2) there exists some complexity with regards to the accounting policy choice. For example, almost all notes to the financial statements contain an accounting policy note (almost always Note 2) most will also refer to an accounting policy on cash and cash equivalents. Unless your company uses cash in some unique fashion, this is a boilerplate disclosure that really is meaningless. Find a footnote that matters one that has an effect on the strategies you described in part a. You can also review the MD&A, managements discussion and analysis, for items that may be useful.Provide a detailed explanation of the technical guidance with respect to this policy. How does your companys choice with respect to this accounting policy compare with that of your companys competitors? Are there other alternatives or choices that might be selected for these types of transactions? Do these accounting policies seem aggressive or conservative? To respond to this question, you are almost certainly going to have to review the accounting guidance on the type of transactions you selected dont be shy use the Accounting Standards Codification to gather the current guidance on your policy. 4. Find the investor relations website and listen to at least the most recent analysts call on earnings. Include a description of the issues the analysts discuss with the company leadership and have provided in any analysts reports. Provide your own interpretation. 5. Provide a conclusion that includes a buy/hold/sell recommendation for your companys stock.Provide a summary analysis that supports your recommendation.Most if not all of the information can be found in the companys Form 10-K for the most recent year. Public documents filed with the Securities and Exchange Commission can be found in the EDGAR system at www.sec.gov (for additional info go to: http://www.sec.gov/edgar/quickedgar.htm#.U9qvMuNkR8E. Most companies also have an investor relations section of their website with information. The Bloomberg machines located in the Wells Fargo Financial Markets Lab in the Love Library also have the SEC filings (see the Excel-based project in Part 2 for more information). You should provide proper citations using either MLA or APA style (you may choose either, but be consistent.