ACCOUNTING 202

DUE DATE: Sunday, April 17 (11:59 P.M.)

Submit in Canvas

ANNUAL REPORT PROJECT

STUDENT NAME:

General project instructions:

Please read this document carefully, if you submit the assignment incorrectly and are asked to resubmit it for any reason, it will be considered as at least one day late.

Choose a company in which you are interested. Your company must be a Fortune 500 company and it must be traded on a national stock exchange (NYSE, NASDAQ). If you want to look at a list of possibilities, go to www.fortune.com, which has a list of the Fortune 500 companies.

You will have an easier time if you do not choose a foreign owned company, public utility, financial institution (bank) or brokerage firm, or an insurance company.

Download a copy of the annual report or 10-K. You will be referring to it constantly and taking screen shot to complete all parts of this project.

Do not create a new or separate document to answer these questions; just complete this document that I have provided. Almost all the information for this project should come from your companys annual report (or 10-K).

Throughout all the parts of the project, information is requested from specific pages in the annual report. You will need to take a readable screenshot or picture of the page(s) requested and insert it in this document where requested.

If you need help taking a screenshot please watch this video: https://youtu.be/EoTpIYLBtKs

If you need help cropping, or sizing, a screenshot please watch this video: https://youtu.be/BkeBauCpuUg

When a question asks you to explain, describe, analyze, etc., use complete sentences and well-organized paragraphs.

Part 1 (15 pts.) (Use the same company for all parts of the project.)

Obtain the Annual Report for your company

Obtain and download an annual report, or a Form 10-K, for your Fortune 500 Company. If you have a choice between an annual report and a Form 10-K, use the annual report. A useful resource is fortune.com. This site provides links to the Web sites of Fortune 500 companies. The easiest way to obtain a companys annual report is to Google the company plus annual report. For example, if my company was Walmart, I would Google, Walmart annual report. Make sure to select the most recent years annual report.

Name of company chosen: ___________________________________

(You will use the same company for all parts of the project)

Year of the annual report: ______________

Information about the company:

Describe the nature of the companys business.

List the companys primary products or services (use brand names where available).

What is the address of the companys corporate headquarters?

What is the address of the companys Web site?

Who is the chairman of the companys board of directors?

Who is the companys CEO?

Provide the following market data:

On what stock exchange is the companys stock traded?

What is the ticker symbol for the company?

What was the price of the companys stock at the end of one day during this past week?

Price: _______________________ Date: ______________________

Overview of annual report

Locate the following areas of your annual report and note the page number(s) of each:

a. Five-year summary of selected financial data. This contains several key numbers that will be required in future assignments. Page(s) ____________

(Insert screen shot of your answer here.)

b. MANAGEMENT DISCUSSION AND ANALYSIS. This section discusses operating results, industries in which the company operates, financing and investing activities, significant events, trends and developments. Page(s) ________

(Insert screen shot of page 1 of your answer here.)

c. THE FINANCIAL STATEMENTS AND NOTES TO THE FINANCIAL STATEMENTS.

This section contains the balance sheet (also called statement of financial position), income statement, statement of cash flows and statement of stockholders equity. The accompanying notes, as indicated at the bottom of each of the above statements, are an integral part of the financial statements. The financial statements cannot be understood without reference to the notes.

You will use these in the remaining parts of the project:

Balance Sheet Page________

What were the companys total assets for the most recent year? ____________

(Insert screen shots of the balance sheet here.)

Income Statement Page________

What were the companys gross revenues for the most recent year? ________________

(Insert screen shots of the income statement here.)

Statement of Cash Flows Page_______

What was the companys net change in cash for the most recent year? ________________

(Insert screen shots of the statement of cash flows here.)

Statement of Stockholders Equity Page_______

What was the companys ending balance for the most recent year? ________________

(Insert screen shots of the statement of stockholders equity here.)

Notes to the financial statements:

Summary of significant accounting policies Note #_____ Page_______

Long-term debt Note #_____ Page_______

Plant Assets (aka Property, Plant & Equipment) Note #_____ Page_______

Commitments and contingencies Note #_____ Page_______

(Insert screen shots of the beginning of each note here.)

d. MANAGEMENT REPORT ON INTERNAL CONTROL Page_______

(Insert screen shots of first page here.)

e. THE INDEPENDENT AUDITORS REPORTS. The independent auditors may issue two reports or combine them into one report. If there are two, one report should discuss internal controls and the other should discuss the financial statements.

REPORT ON INTERNAL CONTROL Page_______

(Insert screen shot of your answer here.)

REPORT ON THE FINANCIAL STATEMENTS Page_______

(Insert screen shot of your answer here.)

How to submit this assignment:

Complete and submit this document in Canvas on or before the due date. Do not create a new document.

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