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Hello there, I need help with my finance homework assignments. Please see the attachment for instructions. Please make sure to follow the exact instructions. Thanks,
Hello there,
I need help with my finance homework assignments. Please see the attachment for instructions. Please make sure to follow the exact instructions.
Thanks,
MSFS 670 XBRL Study Module and Homework MSFS 670 - Session 10 (HW S10) XBRL_Program Check-S10 Instructions Begin the XBRL assignment. Each team member should complete the tutorial individually and submit Exercises 1 & 2. UPDATE: Apparently, RR Donnelly acquired Bowne back in 2010 but just took down the XBRL viewer in the last couple months. Here is a link to RR Donnelly's eXaminer product where you can register for free: https://examiner.rrd.com/ This is a self-paced study module with a graded homework assignment due in your assignment folder no later than the date shown in the related Conference and Course Schedule. In each section, I offer lecture notes on aspects of XBRL that take you to vetted XBRL resources that offer review of the concepts covered in the lecture. During this activity, remember, we do not have to learn a lot of XBRL code. What we have to learn is 1) the terminology, 2) how to read some code (similar to reading html code from an Internet doc), 3) how to select appropriate code from an XBRL taxonomy, and 4) how to check code in financial statements. At the end of module are several homework problems that you will submit for grading. Background on XBRL eXtensible Business Reporting Language (XBRL) is a language for the electronic communication of business and financial data and has been implemented by International Financial Reporting Standards (IFRS), the United States Generally Accepted Accounting Principles (U.S. GAAP), and many other national and international accounting standards bodies. In the United States, the Securities and Exchange Commission (SEC) requires public companies to file their financial statements in XBRL. The following article from Accounting Web provides a good summary todate of the path to XBRL compliance and the SEC's filing requirements: Public companies must submit XBRL exhibits to SEC in 2011. Essentially, we are now in \"Phase 3\ACCT 614 XBRL Mapping Assignment 2012 US GAAP Financial Reporting Taxonomy https://edgardashboard.xbrlcloud.com/flex/viewer/XBRLViewer.html?header-title=Laredo%20 DELTE Shad Clothes Inc Balance Sheet 20XX in millions ASSETS Cash & Cash Equivalents Short term Investments` Merchandise Inventory Other Current Assets Total Current Assets $1,885 $0 $1,615 $809 $4,309 Property, Plant & Equipment, Net Other Long-term Assets Total Assets $2,523 $590 $7,422 LIABILITIES & STOCKHOLDERS' EQUITY Accounts Payable Accrued Liabilities Current Maturities Income Taxes Payable Total Current Liabilities $1,066 $998 $59 $5 $2,128 Long Term Debt Total Liabilities $2,539 $4,667 Common Stock: $0.05 par value: 2,300 authorized, 1,106, issued and 485 outstanding. Additional Paid-in Capital Accum Other Comprehensive Income (Loss) Retained Earnings Treasury stock at cost (621 presented) $55 $2,867 $229 $12,364 ($12,760) Linkbase Presentation: 104000 - Statement - Statement of Financial Position, Classified Calculation: 104000 - Statement - Statement of Financial Position, Classified Total Stockholders Equity Total Liabilities & Stockholders' Equity $2,755 $7,422 ?header-title=Laredo%20Oil%2c%20Inc.%20(10-Q)&instance=http://www.sec.gov/Archives/edgar/data/1442492/000119983512000681/lrdc-20120831.xml# Name AssetsAbstract CashAndCashEquivalentsAtCarryingValue Prefix us-gaap us-gaap Namespace http://fasb.org/us-gaap/2012-01-31 http://fasb.org/us-gaap/2012-01-32 Balance Debit Debit Period Instant Instant dc-20120831.xml# Data Type XBRL Type xbrli:monetaryItemType monetaryItemType xbrli:monetaryItemType monetaryItemType ACCT 614 XBRL Mapping Assignment 2012 US GAAP Financial Reporting Taxonomy https://edgardashboard.xbrlcloud.com/flex/viewer/XBRLViewer.html?header-title=Laredo%20Oi DELTE Shad Clothes Inc Income Statement 20XX in millions INCOME STATEMENT Revenues Cost of Goods Sold Gross Profit $14,549 $9,275 $5,274 Operating Expenses Operating Income (Loss) $3,836 $1,438 Interest Income Interest Expense Income before Taxes Income Taxes Net Income (Loss) $5 ($74) $1,369 536 $833 Weighted - average number of shares - basic Weighted - average number of shares - diluted Earnings per Share - basic Earnings per Share - diluted Cash dividends declared and paid per share 529 533 $1.57 $1.56 $0.45 Linkbase ?header-title=Laredo%20Oil%2c%20Inc.%20(10-Q)&instance=http://www.sec.gov/Archives/edgar/data/1442492/000119983512000681/lrdc-20120831.xml# Name Prefix Namespace Balance Period dc-20120831.xml# Data Type XBRL Type
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