Sec 10k report
Executive Summary Projects Descriptions, Instructions, and Grading Rubrics
ACCT 424 Advanced Accounting – Dr. John Yelle
Project 1: Analysis of a 10-K Relating to Segment and NCI Reporting & Disclosures (10%)
1. Locate a 10-K of your choice from the SEC website (www.sec.gov). Present your choice in the conference set up for same in Week #1 for approval by stating the company name in the conference, and uploading / attaching the company’s most recent 10-K report in PDF format. Only approved entities / 10-Ks will be accepted.
a. The company you select MUST have multiple reporting segments and non-controlling interests (NCIs) and references to same.
2. Explore the concepts of segment and NCI disclosure and reporting using the course. You must also find and review / read outside literature on these subjects and use and reference same in the paper.
3. Prepare an executive summary paper on reporting and disclosure issues related to segment and NCI within a 10- K that must include the following:
a. A brief introduction / review of your chosen entity. b. What are the requirements / rules for disclosures in the two areas of segments and NCIs to include the
history and development of the specific rules (#s), key points etc. of segment and NCI reporting and disclosure requirements.
c. Summarize what and how your particular company has disclosed relating to these two items (and only these items), and
d. Your thoughts on the effectiveness / overall meaningfulness of your company's disclosures relating to only segments and NCIs and their disclosure rules.
4. Your deliverable is to be three to five pages in length (~1,000 to 1,800 words), single-spaced, double spacing between paragraphs, one inch margins and a font size of 10 - 12 points. Use headings related to topics in our class, and include a cover page and works cited section. In-text citations of all facts must be included and done per APA standards. The paper is to be uploaded through the assignment folder provided for same using only a single Word document with only “YourName.doc(x)” as the file name. There are to be no active hyperlinks anywhere in the submission.
5. Points will be deducted for failing to adhere to these requirements, including the word count and especially the 4 requirements in part 3.
6. Please refer to the grading matrix for how your performance will be evaluated.
Project 2: Analysis of a CAFR Report (10%)
1. Select a Comprehensive Annual Financial Report (CAFR) from a government / municipality and present your choice in the conference set up for same in Week #1 for approval by stating the government / municipality’s name in the conference, and uploading / attaching the municipality’s most recent CAFR report in PDF format. Only approved entities / CAFRs will be accepted.
2. Explore the concepts of the course material relating to CAFRs. You must also find and review / read outside literature on this subject and the below requirements as well and use and reference same in the paper.
3. Prepare an executive summary paper on the CAFR to include the following: a. A brief introduction / review of your chosen CAFR entity. b. For the CAFR report, discuss its focus, what it is trying to impart on its users, a review of the main
sections of the CAFR (what is NOT expected is a fund-by-fund accounting of figures, performance, balances, etc.), and who is the actual intended audience / users being addressed outside those the CAFR report itself is addressed to.
c. Discuss your thoughts on how a CAFR is presented to its users. 4. Your deliverable is to be three - five pages in length (~1,000 to 1,800 words), single-spaced, double spacing
between paragraphs, one inch margins and a font size of 10 - 12 points. Use headings related to topics in our
class, and include a cover page and works cited section. In-text citations of all facts must be included and done per APA standards. The paper is to be uploaded through the assignment folder only in a single Word document with only “YourName.doc(x)” as the file name. There are to be no active hyperlinks anywhere in the submission.
5. Points will be deducted for failing to adhere to these requirements, especially the 3 requirements in part 3. 6. Please refer to the grading matrix for how your performance will be evaluated.
Project 3: Analysis of the Form 990 for Not-for-Profits (NFPs) (10%)
1. Select a recent IRS Form 990 for a NFP entity. The www.foundationcenter.org web site will be helpful to locate an entity and Form 990. Present your choice in the conference set up for same for approval by stating the NFP’s name in the conference, and uploading / attaching the NFP’s most recent Form 990 in PDF format. Only approved entities / Form 990s will be accepted.
2. Explore the concepts of the class material relating to NFPs and Form 990s. You must find and review / read outside literature on these subjects as well and use and reference them in your paper.
3. Prepare an executive summary paper on the Form 990 to include the following: a. A brief overview of your entity. b. Discuss what a Form 990 is, what is its focus, what are its major sections and requirements, and what it's
intended to do. c. Discuss who are the Form 990's intended users - who and why is the form intended for (what is NOT
expected is a fund-by-fund accounting of figures, performance, balances, etc.). d. Finally, compare the Form 990 to your NFP entity’s annual report (if they don’t have one, find an annual
report from another NFP) and discuss the different audiences / needs / users / purpose of same. 4. Your deliverable is to be three - five pages in length (~1,000 to 1,800 words), single-spaced, double spacing
between paragraphs, one inch margins and a font size of 10 - 12 points. Use headings related to topics in our class, and include a cover page and works cited section. In-text citations for all facts must be included and done per APA standards. The paper is to be uploaded through your assignment folder only in a single Word document with only “YourName.doc(x)” as the file name. There are to be no active hyperlinks anywhere in the submission.
5. Points will be deducted for failing to adhere to these requirements, especially the 4 requirements in part 3. 6. Please refer to the grading matrix for how your performance will be evaluated. 7. Form 990s can be found through www.foundationcenter.org
Project PowerPoint Assignment (4%) In week #7 as an assignment, you are to prepare and submit a PowerPoint presentation that discusses either your CAFR or NFP entity's respective CAFR / Form 990. Additional instructions will be provided in the assignment folder.
Other Important Information The instructor is not permitted to “pre-read” or “pre-review” papers prior to papers being officially submitted for grading. Government accounting is covered in detail in week #7, and NFP accounting in week #8. These reports concentrate on forms, not transactional accounting, and are due respectively in the week before each transactional topic is covered. These papers require research outside the class environment, and do not require knowledge of the transactional topics covered in weeks #7 and #8. In fact, Rogers and the professor’s lecture notes are not to be used as cited references. These papers serve in part as an introduction to the topics of government and NFP accounting, which is why they are required prior to work on transactional accounting and rules.