Project Accounting

This project is to be completed individually. Each person will select one company. Your task will be to gather, at a minimum, financial statements from the company’s most recent 10‐K filings. After analyzing the annual report, each person should be able to answer the following questions:

(1) What business strategies are being pursued by each company?

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(2) What are the key accounting policies and estimates for each company, given their industry and business strategies?

(3) Do the financial statements reflect the underlying economic reality?

Each person will submit a written report of their findings on the above in no more than 2 to 4 of double‐spaced text this write-up includes answering the questions below.

The report should incorporate the following items within the balance sheet and the income statement:

THE BALANCE SHEET

Locate the company’s balance sheet.

Balance sheet date:

Page on which balance sheet appears:

The accounting equation is Assets = Liabilities + Stockholders’ Equity. Replacing the words in the accounting equation with dollar amounts, give the company’s accounting equation at the end of the current and prior years. Assets = Liabilities + Equity 2018: 2019:

Calculate the company’s current ratio for both 2018 and 2019.

Show your computations.
2018:
2019:

Explain what information this ratio provides in 1-3 sentences.

Has the current ratio improved or worsened? Explain in 1-3 sentences

Calculate the company’s debt to total assets ratio (also called total debt to equity) for both 2018 and 2019. Show your computations.
2018:
2019:

Explain what information this ratio provides. Explain in 1-3 sentences

Has the ratio improved or worsened? Explain in 1-3 sentences

BUS 165A –Term Project

THE INCOME STATEMENT

Locate the company’s income statement.

What is the period covered by the income statement?

What is the page on which the income statement appears?

1. Does the format of the statement more closely follow a single-step or a multiple-step format? How can you tell?

2. What are the accounts that catch your attention compared to the previous year’s income statement?

3. What could be the reasons for the increases or decreases from one year to another? Explain in 1-3 sentences. 

4. Could you please provide your input on how the company might increase its net income? Explain in 1-3 sentences. For more information on Project Accounting check on this: https://en.wikipedia.org/wiki/Project_accounting

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