Question: please answer the following based on the coca cola 10k from 2019 Help *) 70% Mon 3:43 PM Dr. Boylan's Scavenger Hunt(2).docx 1009 Q- Search



Help *) 70% Mon 3:43 PM Dr. Boylan's Scavenger Hunt(2).docx 1009 Q- Search in Charts SmartArt Review Paragraph Tables yout Document Elements ANDE Abedie 11 A-A- SH Text Box Book Title List Pwah ' What is the name of the auditor: Ernst & Young d Year the client was established: 1892 6. Accounting Policies a which method does the company lie to account for inventory Does the company have an accounts receivable allowance/reserve? If so, what is the percentage of A/R does the allowance make up Name a critical accounting policy of the company d. Does the company have debt? If so, what types of debt: 7. Describe any unusual of significant transactions that happened in the past year, which required specific test work by the audit team & Engagement team specifics What types of transactions would you be concerned about with this client? b. What concerns for cash would you have for this client? What types of fraud would you be most concerned about? d. What concerns for material statements would you have? Wand PUROSE 100 Print Layout View 1 Pages 2012 319 of 4 Wonde MacBook Air 100% Tables Charts SmartArt Review Document Elements Layout For Styles Paragraph BE A Aasbedre all 05 20 AA Normal Ne Spacing Te ABE ponosed www sourde mape www.ence comunale kanownymouverloren The Form 10-K is an annual filling that publicly traded companies are legally required to file with the Securities and Exchange Commission. In general, this means any company listed on the NYSE or the NASDAQ System. The Form 10-K contains almost everything about the business that an investor would want to know before buying or selling shares of stock in the corporation or investing in the firm's corporate bonds. These documents are available to the public free and can be accessed physically in Washington, D.C. or downloaded online from several websites, often including the company itself, which often makes them easily available for existing and potential investors. A Form 10-K is essentially a document that the government requires management to prepare for you, a potential investor (or owner of the company's shares), explaining the company's finances, risks, opportunities, and current operations. It is full of the details that make a lot of people's cyes glaze over. Unfortunately, there is no way to simplify the volume of information Fortunately, once you have read a few 10-K filings, they will begin to look more familiar because they typically follow the same pattern. Items in a Form 10-K Filing The government requires certain information to be included in the Form 10-K, so no matter which company's 10-K you read through, you'll find they contain many of the same items. The following describes a few of them so you can feel more comfortable before you try and tackle your first SEC filing . Explanation of a company's operations, how it makes its money, and the markets in which it currently operates. This explanation lets you understand the business. You'll be surprised by some of the thing you find. One of the greatest investments of the 1990s was a mutual fund company called Janus that began as a tiny subsidiary of a railroad in Kansas City, Shareholders Peet Layout View Sec 1 Pages 1 of 3 Words: O of 1345 JUIN 15 MacBook Air Help F.Ed View insert Format Font Tools Table Window What is a Form 10K(1).docx (Read-Only) Search in Do 100% Review Layout Document Elements Tables Charts SmartArt Paragraph Styles Ina For 20 A A A E ES Abbcode Abbcode Normal Ne Spacing Text Box Shar Bel A A some of the things you find. One of the greatest investments of the 1960s was a mutual fund company called Janus that began as a tiny subsidiary of a railroad in Kansas City. Shareholders who read through the railroad's Form 10-K and found that this little money management unit was doing spectacularly made enough money to retire in just a few short years Dlacres of risks the company faces, including current lawsuits. Throughout my career, 1 have come to companies that otherwise looked very healthy, but after reading through their risk disclosures, they were facing the specter of bankruptcy due to pending lawsuits that threatened to take down the entire firm. Famous cases include the asbestos trials decades ago when businesses that were only tertiary related to construction were rued and forced into liquidation of reorganization, wiping out the business and its stockholders. The risk disclosures is not a section you will want to lightly skim through. You will want to set time side to read through them and understand them in depth. Current accounting rules are written in a way that if management cannot accurately predict the potential damage of certain risk, it may not have to put aside any reserve at all, so the exposure does not show up in the financial statements. Financial statements, such as the income statement and balance sheet, which show you how much money a company made its debt levels, and other important data. The financial statements are the most important part of the Form 10-K filing because, together, they allow you to see what is going on with a company's finances. The process of reading these financial statements is not as difficult as it sounds, but there are dozens of pitfalls that you should be looking for as you read the 10-K, Discussing those here is far beyond the scope of this article, but if you read Investing Lesson 3 - How to Reda Balance Sheet and Investing Lesson 4 - Income Statement Analysis, you'll find in-depth wrticles and analyses to help you make sense of these important financial statements Aggregate operating teases that do not count as debt on the balance sheet but are real obligations nonetheles. Many forms of debt can make a company go bankrupt that do not show up on the balance sheet due to accounting rules, but the low requires the payments be disclosed in the Form 10-K : To help you understand this concept better, imagine that you owned a small clothing boutique at the local mall and had no debt. You signed a lome to the mall owner guidelines that determine how the finances must be disclosed), you may end up showing little or no debt on your balance sheet. However, if revenues decline and you stop sending checks to the landlord, the mailowercan kick you out of your storefront and force your company. bankda 10. the media payment. These obligations are disclosed somewhere in the Form 10-K, often under section called operating leases." "fixed payments or minimum cash payments due." Find it. Read it now it A description of the company's acting policies and practices in that you are 1 Page 2 of 3 Words: of 1345 Print Layout View 100% AN 15 MacBook Air Help Ed View Format Font Tools Table Window What is a Form 10K/1).docx (Read-Only) Q- Search in Doc Tables 100W Charts SmartArt Review Paragraph Document Elements Inaar A A-- Alice de Albcode Norma No Spacing Text Box Shape A description of the company's secounting policies and practices. Imagine that you are considering buying stock in a washing machine manufacturer. Suddenly, the company makes national headline news because thousands of models are breaking down beyond repair. Is the company on the hook for taking them back from customers in the Form 10-K filing a company must disclose its wanty policies and estimated warranty costs for products itsells or manufactures Signed letters from the CEO and CFO wearing under oath that the books are accurate to their knowledge. These letters were made a requirement after the accounting frauds following the dot-combust when World.com and Enron dominated the headlines. They are a way for the government to prosecute executives that knowingly falsify their Form 10-K or other required disclosures A letter from the company's independent water. This letter should detail the scope of the diting firm's certification of the financial records, as well as any material deficiencies it uncovered. redite thinks the company could face imminent demite, you might see the maior reference a questions to the company's ability to contine is a poing concern of some derivation there. If you ever come across those words, or a similar phrase, alarm bells should Patterns Form 10-K Fings by Industry and Sector As you develop your own circle of competence around certain industries and sectors, you'll notice specific things that we nique in the 10 Kings of the firm you are analyzing For emple, if you are investing in bankstocks, you'll realize that is common to find Informacion in the Form 10-K fing on the financial institution's book of loansdetailing the geographic breakdown of the money it has boned to customers, the type (residential mortgage will businew, real estate development, automobile, adent loan, e) of loan it has made, and the wind verse interest income it's on those loans. Additionally, it will disclose Sac 1 Pages 2 of a Word of 1345 100% UN 15 MacBook Air Help Format Font Tools Table Window What is a Form 10K(1).docx (Read-Only) 100% - Search in Doc Charts SmartArt Paragraph ina Styles Abcodle Abbcodle A 20 A-A- Normal No Spacing Text Box Shape Signed letters from the CEO and CFO wearing under oath that the books are accurate to their knowledge. These letters were made a requirement after the accounting trade following the dor.com bust when World.com and Erro dominated the headlines. They are a way for the government to prosecute executives that knowingly falsify their Form 10-K or other required disclosures A letter from the company's independent auditer. This letter should detail the scope of the waiting firm's certification of the final records, as well as any material deficiencies i uncovered. If the wadinorthinks the company could face imminent demise, you might see the saditor reference a questions to the company's ability to continue as going concern" or some derivation thereof. If you ever come across those words, or a similar phrase, alarm bells should beringing Patterns in Form 10-K Filings by Industry and Sector As you develop your own circle of competence wound certain industries and sectors, you'll notice specific things that are unique in the 10-K filings of the firms you are analyzing For example, if you are investing in bank ocks, you'll realize that is common to find Information in the Form 10-K ning on the financial institution's book of loans detailing the peographic breakdown of the money it has loaned to customers, the type (residential mortgage, small business, real estate development, automobile, student loan, etc.) of loans it has made, and the weighted average interest income it's generating on those loans. Additionally, it will disclose the non-performance and des experience it is having with those loans, and the reserves it is puting side from income to cushion against future problems with those loans Using 10-K Forms in your leve met Analysis Briefly, the bullet points listed above are the important parts of a 10-K. Leaming to read one is kewwimming Al some point, you have to jump in the pool and get wet. You don't need to start wwimming faster than Michael Phelps, so don't feel presse per into sections dealing with things like advanced pension accounting immediately. Instead, tip through the pages and read what you do understand. Keep doing this, building on your knowledge brick by brick Leaming to invest is a process, and everyone was somewhere. You can learn this, and you will learn this If you are willing to put in the work Additional formation A Form 10-Q filing is a briefer version of the Form 10-K filing. The Form 10-filing is filled the end of each business quarter with the SEC. To learn more, check out this financial statement guide for new investors Bec 1 Pages 3 of 3 Words of 1345 1001- 15 MacBook Air SC 00 000 000 69 Help *) 70% Mon 3:43 PM Dr. Boylan's Scavenger Hunt(2).docx 1009 Q- Search in Charts SmartArt Review Paragraph Tables yout Document Elements ANDE Abedie 11 A-A- SH Text Box Book Title List Pwah ' What is the name of the auditor: Ernst & Young d Year the client was established: 1892 6. Accounting Policies a which method does the company lie to account for inventory Does the company have an accounts receivable allowance/reserve? If so, what is the percentage of A/R does the allowance make up Name a critical accounting policy of the company d. Does the company have debt? If so, what types of debt: 7. Describe any unusual of significant transactions that happened in the past year, which required specific test work by the audit team & Engagement team specifics What types of transactions would you be concerned about with this client? b. What concerns for cash would you have for this client? What types of fraud would you be most concerned about? d. What concerns for material statements would you have? Wand PUROSE 100 Print Layout View 1 Pages 2012 319 of 4 Wonde MacBook Air 100% Tables Charts SmartArt Review Document Elements Layout For Styles Paragraph BE A Aasbedre all 05 20 AA Normal Ne Spacing Te ABE ponosed www sourde mape www.ence comunale kanownymouverloren The Form 10-K is an annual filling that publicly traded companies are legally required to file with the Securities and Exchange Commission. In general, this means any company listed on the NYSE or the NASDAQ System. The Form 10-K contains almost everything about the business that an investor would want to know before buying or selling shares of stock in the corporation or investing in the firm's corporate bonds. These documents are available to the public free and can be accessed physically in Washington, D.C. or downloaded online from several websites, often including the company itself, which often makes them easily available for existing and potential investors. A Form 10-K is essentially a document that the government requires management to prepare for you, a potential investor (or owner of the company's shares), explaining the company's finances, risks, opportunities, and current operations. It is full of the details that make a lot of people's cyes glaze over. Unfortunately, there is no way to simplify the volume of information Fortunately, once you have read a few 10-K filings, they will begin to look more familiar because they typically follow the same pattern. Items in a Form 10-K Filing The government requires certain information to be included in the Form 10-K, so no matter which company's 10-K you read through, you'll find they contain many of the same items. The following describes a few of them so you can feel more comfortable before you try and tackle your first SEC filing . Explanation of a company's operations, how it makes its money, and the markets in which it currently operates. This explanation lets you understand the business. You'll be surprised by some of the thing you find. One of the greatest investments of the 1990s was a mutual fund company called Janus that began as a tiny subsidiary of a railroad in Kansas City, Shareholders Peet Layout View Sec 1 Pages 1 of 3 Words: O of 1345 JUIN 15 MacBook Air Help F.Ed View insert Format Font Tools Table Window What is a Form 10K(1).docx (Read-Only) Search in Do 100% Review Layout Document Elements Tables Charts SmartArt Paragraph Styles Ina For 20 A A A E ES Abbcode Abbcode Normal Ne Spacing Text Box Shar Bel A A some of the things you find. One of the greatest investments of the 1960s was a mutual fund company called Janus that began as a tiny subsidiary of a railroad in Kansas City. Shareholders who read through the railroad's Form 10-K and found that this little money management unit was doing spectacularly made enough money to retire in just a few short years Dlacres of risks the company faces, including current lawsuits. Throughout my career, 1 have come to companies that otherwise looked very healthy, but after reading through their risk disclosures, they were facing the specter of bankruptcy due to pending lawsuits that threatened to take down the entire firm. Famous cases include the asbestos trials decades ago when businesses that were only tertiary related to construction were rued and forced into liquidation of reorganization, wiping out the business and its stockholders. The risk disclosures is not a section you will want to lightly skim through. You will want to set time side to read through them and understand them in depth. Current accounting rules are written in a way that if management cannot accurately predict the potential damage of certain risk, it may not have to put aside any reserve at all, so the exposure does not show up in the financial statements. Financial statements, such as the income statement and balance sheet, which show you how much money a company made its debt levels, and other important data. The financial statements are the most important part of the Form 10-K filing because, together, they allow you to see what is going on with a company's finances. The process of reading these financial statements is not as difficult as it sounds, but there are dozens of pitfalls that you should be looking for as you read the 10-K, Discussing those here is far beyond the scope of this article, but if you read Investing Lesson 3 - How to Reda Balance Sheet and Investing Lesson 4 - Income Statement Analysis, you'll find in-depth wrticles and analyses to help you make sense of these important financial statements Aggregate operating teases that do not count as debt on the balance sheet but are real obligations nonetheles. Many forms of debt can make a company go bankrupt that do not show up on the balance sheet due to accounting rules, but the low requires the payments be disclosed in the Form 10-K : To help you understand this concept better, imagine that you owned a small clothing boutique at the local mall and had no debt. You signed a lome to the mall owner guidelines that determine how the finances must be disclosed), you may end up showing little or no debt on your balance sheet. However, if revenues decline and you stop sending checks to the landlord, the mailowercan kick you out of your storefront and force your company. bankda 10. the media payment. These obligations are disclosed somewhere in the Form 10-K, often under section called operating leases." "fixed payments or minimum cash payments due." Find it. Read it now it A description of the company's acting policies and practices in that you are 1 Page 2 of 3 Words: of 1345 Print Layout View 100% AN 15 MacBook Air Help Ed View Format Font Tools Table Window What is a Form 10K/1).docx (Read-Only) Q- Search in Doc Tables 100W Charts SmartArt Review Paragraph Document Elements Inaar A A-- Alice de Albcode Norma No Spacing Text Box Shape A description of the company's secounting policies and practices. Imagine that you are considering buying stock in a washing machine manufacturer. Suddenly, the company makes national headline news because thousands of models are breaking down beyond repair. Is the company on the hook for taking them back from customers in the Form 10-K filing a company must disclose its wanty policies and estimated warranty costs for products itsells or manufactures Signed letters from the CEO and CFO wearing under oath that the books are accurate to their knowledge. These letters were made a requirement after the accounting frauds following the dot-combust when World.com and Enron dominated the headlines. They are a way for the government to prosecute executives that knowingly falsify their Form 10-K or other required disclosures A letter from the company's independent water. This letter should detail the scope of the diting firm's certification of the financial records, as well as any material deficiencies it uncovered. redite thinks the company could face imminent demite, you might see the maior reference a questions to the company's ability to contine is a poing concern of some derivation there. If you ever come across those words, or a similar phrase, alarm bells should Patterns Form 10-K Fings by Industry and Sector As you develop your own circle of competence around certain industries and sectors, you'll notice specific things that we nique in the 10 Kings of the firm you are analyzing For emple, if you are investing in bankstocks, you'll realize that is common to find Informacion in the Form 10-K fing on the financial institution's book of loansdetailing the geographic breakdown of the money it has boned to customers, the type (residential mortgage will businew, real estate development, automobile, adent loan, e) of loan it has made, and the wind verse interest income it's on those loans. Additionally, it will disclose Sac 1 Pages 2 of a Word of 1345 100% UN 15 MacBook Air Help Format Font Tools Table Window What is a Form 10K(1).docx (Read-Only) 100% - Search in Doc Charts SmartArt Paragraph ina Styles Abcodle Abbcodle A 20 A-A- Normal No Spacing Text Box Shape Signed letters from the CEO and CFO wearing under oath that the books are accurate to their knowledge. These letters were made a requirement after the accounting trade following the dor.com bust when World.com and Erro dominated the headlines. They are a way for the government to prosecute executives that knowingly falsify their Form 10-K or other required disclosures A letter from the company's independent auditer. This letter should detail the scope of the waiting firm's certification of the final records, as well as any material deficiencies i uncovered. If the wadinorthinks the company could face imminent demise, you might see the saditor reference a questions to the company's ability to continue as going concern" or some derivation thereof. If you ever come across those words, or a similar phrase, alarm bells should beringing Patterns in Form 10-K Filings by Industry and Sector As you develop your own circle of competence wound certain industries and sectors, you'll notice specific things that are unique in the 10-K filings of the firms you are analyzing For example, if you are investing in bank ocks, you'll realize that is common to find Information in the Form 10-K ning on the financial institution's book of loans detailing the peographic breakdown of the money it has loaned to customers, the type (residential mortgage, small business, real estate development, automobile, student loan, etc.) of loans it has made, and the weighted average interest income it's generating on those loans. Additionally, it will disclose the non-performance and des experience it is having with those loans, and the reserves it is puting side from income to cushion against future problems with those loans Using 10-K Forms in your leve met Analysis Briefly, the bullet points listed above are the important parts of a 10-K. Leaming to read one is kewwimming Al some point, you have to jump in the pool and get wet. You don't need to start wwimming faster than Michael Phelps, so don't feel presse per into sections dealing with things like advanced pension accounting immediately. Instead, tip through the pages and read what you do understand. Keep doing this, building on your knowledge brick by brick Leaming to invest is a process, and everyone was somewhere. You can learn this, and you will learn this If you are willing to put in the work Additional formation A Form 10-Q filing is a briefer version of the Form 10-K filing. The Form 10-filing is filled the end of each business quarter with the SEC. To learn more, check out this financial statement guide for new investors Bec 1 Pages 3 of 3 Words of 1345 1001- 15 MacBook Air SC 00 000 000 69
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