Question
follow the following steps towards completing the project Part #1: 1/ Select any Publicly Traded Company (Corporation) that has audited financial statements available to the
follow the following steps towards completing the project Part #1: 1/ Select any Publicly Traded Company (Corporation) that has audited financial statements available to the public (research the Security & Exchange Commission (SEC) website: https://www.sec.gov/. NOTE- preferably select a service or merchandise company. 2/ From #1 above, ensure that the company you selected have audited balance sheet, income statement for two comparative years (select the most recent years). 3/ Research the company background (can be found in the notes to the financial statements) or online and write a two to three paragraphs on the company objectives to include industry operating in, main revenue source, capitalization (equity, bonds etc.,) and any debts (Liability). 4/ The thesis of the paper is to demonstrate your knowledge of accounting principles and to prepare a financial forecast of the company using the information from the audited financial statements or the company's Annual Report. The financial forecast should discuss your interpretation of how the business will perform relative to current events and market conditions. For example, current event is COVID 19. You can research and discuss how the business is performing or expect to perform resulting from this event. Part II: 5/ Prepare one to two weeks of mock transactions that is typical to the company (such as salaries, purchases, sales etc.) These transactions must be congruent to the nature of the company you choose. Prepare supporting source documents such as invoice and title documents etc. 6/ Journalize the transactions using the General Journal and post to the general ledger and prepare a trial balance. Please support the paper with the full audited balance sheet and income statements from your research.
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