561 time zone

ACC/561 Financial Statement Review

The data used most be current to what's avaliable on the internet about the company. The below document outlines the requirements needed. The time this assignment is needed by is 10 PM New York time this evening, sorry for the short notice.

Purpose of Assignment

This assignment helps students learn to find, read, and understand the four primary financial statements that companies must prepare both for public and internal purposes. Students do this in a real-world context by using the Internet to locate financial statements for an actual American corporation. Students then review those financial statements from the standpoint of different potential users—investors, creditors, employees, and so forth.

Resources Required

Students must access the website for an American corporation that they select. The website should provide the company’s annual report that contains the four financial statements.

Grading Guide

Content

70 Percent

Met

Partially Met

Not Met

Comments:

Students must have selected an American corporation and visited its corporate website to download the Income Statement, Statement of Stockholders Equity, Balance Sheet, and Statement of Cash Flows.

Determines the amount of net income for the current fiscal year and how it changed from the prior year, and then answers the question, “why is this information important to investors?”

Determines the ending balance in stockholders equity for the current fiscal year and shares why this information may be important to a labor union representing company employees

Determines the total amount of assets for the company and shares why this information may be important to potential creditors

Determines the total cash flows from operations and shares which type of financial statement user may be most interested in that information

The paper is no more than 1,000 words in length.

Total Available

Total Earned

X

X/X

Writing Guidelines

30 Percent

Met

Partially Met

Not Met

Comments:

The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.

Intellectual property is recognized with in-text citations and a reference page.

Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.

Sentences are complete, clear, and concise.

Rules of grammar and usage are followed including spelling and punctuation.

Total Available

Total Earned

X

X/X

Assignment Total

#

X

X/X

Additional comments: