ACC 561 WEEK 1 Financial Statements
ACC 561 WEEK 1 Financial Statements
ACC 561 WEEK
1 Financial Statements
ACC 561 WEEK 1 Financial Statements
ACC 561 WEEK 1 Financial Statements
Purpose of Assignment
This activity helps students recognize the significant role
accounting plays in providing financial information to management for decision
making through the evaluation of financial statements. This experiential
assignment requires students to use ratios to evaluate and analyze a company’s
liquidity, solvency, and profitability.
Assignment Steps
Resources: Generally Accepted Accounting Principles (GAAP), U.S. Securities
and Exchange Commission (SEC), University Library, Library resources: Company
Directories and Financials
Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are
also additional tutorials via the web offering support for Office products.
Select a publicly traded, U.S.
corporation with which you are familiar or one where you currently work or have
worked in the past.
Research the company on the
Internet and download the Income Statement, Statement of Shareholders’ Equity,
Balance Sheet, and Statement of Cash Flows.
Develop a minimum 700-word
examination of the financial statements and include the following:
- Determine the net income for the current fiscal year (FY). Is
this income up or down from the prior year?
- Explain the relevance of changes in net income to investors.
- Determine the ending balance in shareholders’ equity. Why
would organizations such as labor unions be interested in this?
- Determine the total value of assets.
- Discuss the relevance of the total value of assets to
potential creditors and why this is important.
- Compute the return on assets. Discuss the relative
profitability of the company based on your results.
- Compute the working capital and current ratio. Evaluate the
relative liquidity of the company based on your results.
- Compute the debt to assets ratio and the free cash flow for
your company. Analyze the results and comment on the relative solvency of
the company.
- Discuss how the financial statements are used in your current
role or a position you would like to hold. How might these aid you in
managerial decision making?
Show your work in Microsoft® Word or Excel®.
Complete calculations/computations using
Microsoft® Word or Excel®.
Include the four financial
statements along with your assignment.
Format your assignment
consistent with APA guidelines.
Click the Assignment Files tab to
submit your assignment.
V112417
ACC 561 WEEK 1 Financial
Statements
Комментарии
Отправить комментарий