Google 2016 annual report-target corporate to get all the necessary information

Analysis fo year 2017

Balance Sheet (values in 000's)

period ending	1/28/2017
current assets
cash and cash equivalents	2,512,000
short-term investments	0
net receivables	0
inventory	8,039,000
Other Current Assets	1,169,000
Total Current Assets	11,990,000
Long-Term Assets
Long-Term Investments	0
Fixed Assets	24,658,000
Goodwill	0
Intangible Assets	0
Other Assets	783,000
Deferred Asset Charges	0
Total Assets	37,431,000
Current Liabilities
Accounts Payable	10,989,000
Short-Term Debt / Current Portion of Long-Term Debt	1,718,000
Other Current Liabilities	1,000
Total Current Liabilities	12,708,000
Long-Term Debt	11,031,000	11,945,000
Other Liabilities	1,878,000
Deferred Liability Charges	861,000
Misc. Stocks	0
Minority Interest	0
Total Liabilities	26,478,000
Stock Holders Equity
Common Stocks	46,000
Capital Surplus	5,661,000
Retained Earnings	5,884,000
Treasury Stock	0
Other Equity	($638,000)
Total Equity	10,953,000
Total Liabilities & Equity	37,431,000

Cash flow (values in000's)

period ending	1/28/2017
Net Income	2,737,000
Cash Flows-Operating Activities
Depreciation	2,298,000
Net Income Adjustments	508,000
Changes in Operating Activities
Accounts Receivable	0
Changes in Inventories	293,000
Other Operating Activities	36,000
Liabilities	($543,000)
Net Cash Flow-Operating	5,436,000
Cash Flows-Investing Activities
Capital Expenditures	($1,547,000)
Investments	28,000
Other Investing Activities	46,000
Net Cash Flows-Investing	$1,473,000)
Cash Flows-Financing Activities
Sale and Purchase of Stock	($3,485,000)
Net Borrowings	($664,000)
Other Financing Activities	0
Net Cash Flows-Financing	($5,497,000)
Effect of Exchange Rate	0
Net Cash Flow	($1,534,000)

IV. Adjusting Entries:

A. Explain the type of depreciation method Target Corporation uses and why they use this method.

B. Identify an example of an adjusting entry (other than depreciation), such as prepaid expenses, supplies, or unearned revenue, and whether or not Target Corporation has this account listed on the balance sheet. You could consider why this might not be listed.

VI. Communication: For this part of the assessment, you will prepare memorandums to upper management addressing certain scenarios or situations.

A. As the controller of Target Corporation, compose a memo to the CEO addressing the advantages and disadvantages of transitioning from GAAP to IFRS.

B. As the controller of Target Corporation, compose a memo to the CEO addressing the following scenario: Your biggest customer has just gone bankrupt, and you must inform the CEO how this will affect your accounts receivable. Assume that the accounts receivable balance is at least $100,000.

When writing your paper considers the following:

A company may use several different depreciation methods or just one. This information will be disclosed in the notes. If the company has not explained why they use the method, you will want to consider the pros and cons of the method and use the information you know about the method to provide why you think they chose the method.

For the adjusting entry think about gift cards (accrued liabilities) and prepaid (accrued expenses), etc. Many items are adjusted based on revenue and expense recognition principles.

Transitioning from GAAP to IFRS does have advantages and disadvantages.

When discussing Accounts Receivable make sure you do consider whether Target Corporation uses the direct write-off method, or an allowance? How would handling this scenario be different based on the method used? What accounts would be affected based on the method used to account for bad debt?

Please do make sure you fully address each critical element with appropriate detail and that you defend your content in your paper with scholarly sources.

Support your arguments with at least three peer-reviewed sources cited in APA format.