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Scenario and Deliverables Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company has property and equipment,
Scenario and Deliverables Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company has property and equipment, intangible assets, and longterm debt on its balance sheet. Using techniques you have learned in the previous weeks, respond to the following questions. What is the amount of property and equipment on the balance sheet for the most recent years? What is the amount of accumulated depreciation and the depreciation expense? What amounts are on the cash flow statement for the most recent year that relate to depreciation, gains and sales of property and equipment, and purchases and sale of property of equipment? What amounts are permitted for inclusion in the capitalized cost of property and equipment? Looking at the footnote disclosures of the company, what are the individual components of property and equipment? For example, what are the amounts for land, building, equipment, accumulated depreciation, and so forth? How do companies account for nonmonetary exchange and dispositions of property and equipment? Does the company have intangible assets? If so what are the types of intangible assets patent copyrights, etc. and their amounts? What is the amount of accumulated amortization and amortization expense? What amounts on the most recent cash flow statement relate to the purchase and sale of intangible assets? How do intangible assets differ from property and equipment? What costs do we include in intangible assets? Does the company have goodwill? What are the footnote disclosures relating to goodwill and the related acquisition? Please also describe the calculation of goodwill and how we account for differences between fair value and book value of assets acquired. What are the company's depreciation methods? What is the range of estimated useful lives used for depreciating its assets? Does the company use the same depreciation methods for financial statements and tax returns? If not, please describe the methods used for tax purposes. What are the company's footnote disclosures relating to impairment? Please also describe how to determine whether an impairment exists and how to calculate the impairment loss. What are the amounts and descriptions of the company's current liabilities for the most recent year? Does the company have any contingent liabilities? If yes, please describe them. Does the company have any subsequent events disclosed in its footnotes? If so please describe them. What are the amounts and descriptions for all of the company's longterm liabilities on its balance sheet for the most recent years? What is the interest expense for the most recent years? What amounts are included in the cash flow statements for proceeds from issuance of debt and repayment of debt for the most recent year? For each note payable discussed in the footnotes disclosures, what is the interest rate, total amount borrowed, and maturity date? Does the company have bonds payable? If so what are the amounts? Please also describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium amortized? What is the effective interest method? Does the company have capital leases? If so what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor? What is the difference between a salestype lease and a directfinancing lease? Guidelines Narrated PowerPoint presentation should be slides plus cover slide and Works Cited slides Use a point font, with double spacing, and include a cover page, table of contents, introduction, body of the reportmain slides, summary or conclusion, and works cited. Even though this is not a scientifictype writing assignment, references are still very important. At least three authoritative, outside references are required articles and web pages with anonymous authors are not acceptable These should be listed on the works cited page. Appropriate citation is required. The PowerPoint presentation is due on Sunday of Week of this course. The presentation should be slides in length, plus slides for the cover page, table of contents and works cited slides. Any questions about this paper can be discussed in the course Q and A Forum in the Introduction and Resources module. This PowerPoint presentation assignment is worth points. The assignment will be graded on quality of research topic, quality of paper information, use of citations, grammar, writing and oral narration. See details in the grading rubric below. Additional grading criteria is available in the Week Course Project page. Sample Outline See more details in the Best Practices section below. Cover Page Table of Contents Introduction and Company Main Slides Body of Report Summary and Conclusion Work Cited
Scenario and Deliverables
Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company has property and equipment, intangible assets, and longterm debt on its balance sheet. Using techniques you have learned in the previous weeks, respond to the following questions.
What is the amount of property and equipment on the balance sheet for the most recent years? What is the amount of accumulated depreciation and the depreciation expense? What amounts are on the cash flow statement for the most recent year that relate to depreciation, gains and sales of property and equipment, and purchases and sale of property of equipment? What amounts are permitted for inclusion in the capitalized cost of property and equipment?
Looking at the footnote disclosures of the company, what are the individual components of property and equipment? For example, what are the amounts for land, building, equipment, accumulated depreciation, and so forth? How do companies account for nonmonetary exchange and dispositions of property and equipment?
Does the company have intangible assets? If so what are the types of intangible assets patent copyrights, etc. and their amounts? What is the amount of accumulated amortization and amortization expense? What amounts on the most recent cash flow statement relate to the purchase and sale of intangible assets? How do intangible assets differ from property and equipment? What costs do we include in intangible assets?
Does the company have goodwill? What are the footnote disclosures relating to goodwill and the related acquisition? Please also describe the calculation of goodwill and how we account for differences between fair value and book value of assets acquired.
What are the company's depreciation methods? What is the range of estimated useful lives used for depreciating its assets? Does the company use the same depreciation methods for financial statements and tax returns? If not, please describe the methods used for tax purposes.
What are the company's footnote disclosures relating to impairment? Please also describe how to determine whether an impairment exists and how to calculate the impairment loss.
What are the amounts and descriptions of the company's current liabilities for the most recent year? Does the company have any contingent liabilities? If yes, please describe them. Does the company have any subsequent events disclosed in its footnotes? If so please describe them.
What are the amounts and descriptions for all of the company's longterm liabilities on its balance sheet for the most recent years? What is the interest expense for the most recent years? What amounts are included in the cash flow statements for proceeds from issuance of debt and repayment of debt for the most recent year? For each note payable discussed in the footnotes disclosures, what is the interest rate, total amount borrowed, and maturity date?
Does the company have bonds payable? If so what are the amounts? Please also describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium amortized? What is the effective interest method?
Does the company have capital leases? If so what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor? What is the difference between a salestype lease and a directfinancing lease?
Guidelines
Narrated PowerPoint presentation should be slides plus cover slide and Works Cited slides Use a point font, with double spacing, and include a cover page, table of contents, introduction, body of the reportmain slides, summary or conclusion, and works cited.
Even though this is not a scientifictype writing assignment, references are still very important. At least three authoritative, outside references are required articles and web pages with anonymous authors are not acceptable These should be listed on the works cited page.
Appropriate citation is required.
The PowerPoint presentation is due on Sunday of Week of this course. The presentation should be slides in length, plus slides for the cover page, table of contents and works cited slides.
Any questions about this paper can be discussed in the course Q and A Forum in the Introduction and Resources module.
This PowerPoint presentation assignment is worth points. The assignment will be graded on quality of research topic, quality of paper information, use of citations, grammar, writing and oral narration. See details in the grading rubric below. Additional grading criteria is available in the Week Course Project page.
Sample Outline
See more details in the Best Practices section below.
Cover Page
Table of Contents
Introduction and Company
Main Slides Body of Report
Summary and Conclusion
Work Cited
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