Please complete your answer for each mini-case as in a memo format. One page,single-spaced should be sufficient for most cases. Identify your responses by item point in order using full sentences. Upload each completed file to Moodle. Introduction to Financial Accounting Case This initial case will acquaint you with the structure and some of the components of the most recent Amazon 10-K including financial statements and the audit report. It is also an application of of the concepts in modules 1 & 2. a) What is the date of the most recent fiscal year-end? b) Determine the relative proportion of short and long-term assets (relative to total assets). c) Determine the relative proportion of liabilities and equity (relative to total assets). d) Find Amazon's audit report. Who are the auditors? What is the auditor's opinion regarding Amazon's consolidated financial statements? Are any concerns raised in the report? e) What is the market value and the book value of Amazon.com? Recall that the shares outstanding is total shares issued less any treasury shares. Obtain the year-end stock price from an investment website such as Seeking Alpha or Yahoo Finance. Compare the two and speculate as to why there is a difference. (Note: It will take some digging to find the year-end stock price rather than just the current stock price. But it is worth the trouble to find an historical price.) Please complete your answer for each mini-case as in a memo format. One page,single-spaced should be sufficient for most cases. Identify your responses by item point in order using full sentences. Upload each completed file to Moodle. Introduction to Financial Accounting Case This initial case will acquaint you with the structure and some of the components of the most recent Amazon 10-K including financial statements and the audit report. It is also an application of of the concepts in modules 1 & 2. a) What is the date of the most recent fiscal year-end? b) Determine the relative proportion of short and long-term assets (relative to total assets). c) Determine the relative proportion of liabilities and equity (relative to total assets). d) Find Amazon's audit report. Who are the auditors? What is the auditor's opinion regarding Amazon's consolidated financial statements? Are any concerns raised in the report? e) What is the market value and the book value of Amazon.com? Recall that the shares outstanding is total shares issued less any treasury shares. Obtain the year-end stock price from an investment website such as Seeking Alpha or Yahoo Finance. Compare the two and speculate as to why there is a difference. (Note: It will take some digging to find the year-end stock price rather than just the current stock price. But it is worth the trouble to find an historical price.)
