Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2018 Financial Report: http://s2.q4cdn.com/280787235/files/doc_financials/sxcp/2018/q4/2018-10-K-SXCP.pdf OR http://s2.q4cdn.com/280787235/files/doc_financials/sxcp/2018/q4/2018-10-K-SXCP.pdf SECTION A: READING AND UNDERSTANDING FINANCIAL STATEMENTS NAME OF CORPORATION ANALYZED : Suncoke Energy Partners, LP. PART 1: GENERAL

2018 Financial Report: http://s2.q4cdn.com/280787235/files/doc_financials/sxcp/2018/q4/2018-10-K-SXCP.pdf OR http://s2.q4cdn.com/280787235/files/doc_financials/sxcp/2018/q4/2018-10-K-SXCP.pdf

SECTION A:

READING AND UNDERSTANDING FINANCIAL STATEMENTS

NAME OF CORPORATION ANALYZED: Suncoke Energy Partners, LP.

PART 1: GENERAL INFORMATION

The requested general information may be disclosed in several places in the corporation's annual report. Answer the following questions about the annual report you have selected:

1. In which city and state is (are) the corporate headquarter(s) located?

__________________

2. When is the fiscal year end of the corporation?

__________________________________

3. What is (are) the primary product(s) of the corporation?

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Indicate SIC code(s). If SIC code(s) is (are) not provided, find it out from the sources available in the library and state the source that you used.

____________________________________________________________________

_____________________________________________________________________

What SIC code means and why it is important?

_______________________________________________________________________

_______________________________________________________________________

4. Publicly traded corporations are required to have an annual audit. The auditor attests to the credibility of a corporation's financial statements. Who is the corporation's auditor?

______________________________________

There are four types of audit report: unqualified, qualified, denial, no opinion. Which one was issued for this company? If there was any specific explanation in the audit report, explain it.

Opinion: _________________________________

___________________________________________________________________ _________________________________________________________________

5. Shares of publicly traded corporations are traded in organized exchange markets (maybe more than one stock market).

a. Indicate the exchange market(s) on which the corporation's shares are traded:

-------------------------------------------

------------------------------------------

--------------------------------------------

  1. List the source from which you obtained the information about market listing?

Source: ------------------------------------

c. The ticker symbol is an abbreviation that identifies the corporation's shares on the stock exchange. What is (are) the ticker symbol(s) used to identify the corporation on the stock exchange(s)?

Ticker symbol (s): ---------------------------------------

Source of information: ----------------------------------

6. The first note in the annual report usually summarizes the significant accounting policiesused by the corporation in the preparation of its financial statements. This note gives key information that investors require in order to be able to compare the financial statements of different companies. It is here that you will find information about the firm's choice of inventory cost flow assumption (e.g., FIFO, LIFO, etc.) andimportant revenue recognition policies. Look at this note and briefly explain what is "significant" to note about how your company accounts for its transactions and operations. Attach a separate sheet if you need more space.

__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

7. The Management Discussion and Analysis (MD&A) is usually presented as a separate section and entitled as such. It is a requirement of the Security Exchange Commission (SEC) as well as many other exchanges. It is an opportunity for management to explain their perceptions of the operating results to the investors and other financial statement users. Answer the following questions concerning the MD&A.

a. Management may use the discussion and analysis as an opportunity to highlight certain financial events such as significant changes in revenues or costs. Management may use the discussion to highlight certain non-financial events such as the opening of new retail outlets, sale or purchase of a subsidiary. What highlights are mentioned by management for your company?

_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

b. Is the tone of the management discussion optimistic or pessimistic? Give a few examples to support your response.

______________________________________________________________________________________________________________________________________________________________________________________________________

c. Management may use the discussion as a forum for predicting events or stating the goals of the corporation. What predictions or goals were stated in the discussion and analysis section?

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Al Arens

1st Edition

0130463035, 9780130463036

More Books

Students also viewed these Accounting questions

Question

Prove, using Definition 6, that lim x -3 1/(x + 3)4 =.

Answered: 1 week ago