To acquaint students with the annual report and Form 10-K of a publicly held company audited by a CPA firm.2.  To provide data for the practical application of certain steps in the financial statement analysis and audit processDetailed Instructions:For this assignment, you may select any public company that issues stock and is traded on the stock exchange. Answer each of these subtopics in Section 3 of the outline at the bottom of this section. 

 

Subtopic 1: Obtain a copy of a recent annual report of a publicly held company with stock actively traded on the New York, NASDAQ or other over-the-counter exchanges. 

Answer the following questions: 

What is the company's industry?  

What are its primary products? 

What raw materials does the company use? 

How large is the company: sale assets employees 

Where is the company located? 

What other people/companies are closely associated with this company?   Look at the annual report (It is different from the 10K and if you cannot find the actual company annual report, you may review another company's annual report for the general format for comparison with the 10K). What image does it intend to convey? What are the segments and functional contents of the report?