Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You will be using EDGAR and the FASB codification system to research a company's financial statements and to research a proposed accounting standard for the

You will be using EDGAR and the FASB codification system to research a company's financial statements and to research a proposed accounting standard for the current or prior year(liability and equity-type transactions only). You will be creating financial accounting information and commenting on the proposal you selected as it applies to the company you selected.

YOU DONT NEED TO CREATE A EXCEL. I NEED ONLY THE NUMBERS AND INFORMATION REQUESTED

Part 2-Find a company's financial statements, using the EDGAR database. Create an applicable supporting schedule and financial statement(s) that would provide an example of the application of the proposed standard you selected for the company you selected. Ex. if the standard you found included a different method to recognize revenue you would create a worksheet using that proposed change to revenue recognition and then show how that change would affected the financialstatements of the company you selected from EDGAR.

Here are the steps to find Cel or any company you need.

Locating Co XX financial statements, NOTE: keep these instructions, ALL SEC companies are listed in the EDGAR section of the SEC

Type in EDGAR in your browser.

Search for company filings

Enter Company name.

Name must be exactly as used in the stock exchange

Choose Co XX

Filing type 10-K

Go to the most recent 10-K

Click on Financial Statements

Click on Item 8 for the financial statements.

Download/print the statements if you need hard copies, DO NOT make the full statement part of your paper, only the necessary data

Please find below the link with the form requested10K. Please go the left side click on FINANCIAL STATEMENT and then Consolidate Statements of Cash Flows.

https://www.sec.gov/cgi-bin/viewer?action=view&cik=794367&accession_number=0000794367-17-000041&xbrl_type=v#

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing That Matters Case Studies

Authors: Norman David Marks

1st Edition

B089J17FFW, 979-8650160410

More Books

Students also viewed these Accounting questions

Question

Additional Factors Affecting Group Communication?

Answered: 1 week ago