Question
Find the most recently available audited financial statements for home depot Find the most recently available audited financial statements for home depot . The company
Find the most recently available audited financial statements for home depot Find the most recently available audited financial statements for home depot . The company must have readily available (public) financial information. The company that you choose should have at least two years worth of financial data available for this assignment.
NOTE:
Each student must select a unique company – FIRST COME, FIRST SERVE. The company you select will be used for a future class assignment (so save the financial information!). When you have selected a company, enter your selection in FOL. See the Experiential Assignment #1 Module/Company Selection and click on the link to the Google Doc (tracking is on). Remember – – FIRST COME, FIRST SERVE. Once you have obtained the audited financial statements of your chosen company, focus on the following areas: Statement of Financial Position (Balance Sheet) Cash Receivables Inventory Income Statement Revenue Notes to the Financial Statements (for above items)
REQUIRED
In a word document, prepare a report that would include the following items:
By reviewing the annual report and audited financial statements, and through research, prepare a brief overview of the company (2-3 paragraphs). Suggestions, but not limited to:
What does the company do?
Where is the corporate headquarters?
Who is on the management team?
Number of employees?
Number of locations?
When did the company begin?
Why did you chose the company?
Significant events?
Significant discoveries?
Any other interesting items that you feel you should include about the company. Report the year-over-year dollar amounts for the above mentioned items (present in chart format). You should also expand and include all details of the dollar amounts presented in the financial statements. The details are presented throughout the audited financial statements.
As an example:
Does inventory include consignments?
For accounts receivable, what is the allowance for doubtful accounts? (present in chart format). Review the notes to the financial statements. Analyze and then summarize the significant accounting policies that have been established as described in the notes to the financial statements for each of the above items. (3-4 paragraphs).
Is there any information that seems to be a concern to you? Why or why not? Analyze and comment on the comparative financial information. (2-3 paragraphs). Include any appropriate ratios (presented at the end of each chapter).
Consider the relationship between revenue and accounts receivable. Between revenue and inventory. Any other relationships to consider? Were there large variances year-over-year? Any indication of why the large variance occurred? Consider a comparison to another company in a similar industry. What is your opinion about the significant accounting policies and procedures presented? How do the significant accounting policies presented in the notes to the financial statements compare to the “disclosure” topics discussed in the textbook? (2-3 paragraphs).
Conclusion and wrap up. (1 paragraph). I don't know where to start this assignment. Tell me in detail in what order and how to do the assignment. ex.) How to select a company, how to find the company's financial statements and the order in which to write the analysis report on the financial statements.
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The Home Depot Inc is an American home improvement retailer with over 2300 stores in the United States Canada Mexico and the Caribbean The company was founded in 1978 by Bernie Marcus and Arthur Blank ...Get Instant Access to Expert-Tailored Solutions
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