Sec 10-k Report (intermediate accounting i

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Instructions

ACCT 310 / 311 10-K Project Instructions

UMGC's accounting department curriculum requires an SEC 10-K Report Project in multiple courses from introductory to advanced-level classes, including:

· ACCT 220: Principles of Accounting I / ACCT 221: Principles of Accounting II

· ACCT 310: Intermediate Accounting I / ACCT 311: Intermediate Accounting II

· ACCT 321: Cost Accounting

· ACCT 422: Auditing

· ACCT 424: Advanced Accounting / ACCT 425: International Accounting

In each course, you will examine different companies focusing on related-course content. This allows you to build your knowledge of accounting and industries.

The UMGC Principles of Accounting I & II courses introduced you to specific components of an SEC 10-K Report as bases for fundamental financial ratio analyses and interpretation of results for a selected corporation. In the more advanced accounting courses, including Intermediate Accounting I & II, you will delve deeper into analyzing financial statements, schedules, and notes to gain a more in-depth understanding of a corporation through its SEC 10-K filing.

Project Descriptions

As an analyst for a large U.S. multinational corporation, you are to examine a possible acquisition candidate, completing an initial search, analysis and review. Your supervisor is a member of the Controller's team. The Controller reports directly to the Chief Financial Officer (CFO). Your work may be presented to various audiences, so professionalism is essential in all deliverables you create.

Many students benefit from the use of the UMGC Effective Writing Center. (access from Academic Support in the classroom horizontal menu bar).

Write your report, read carefully, and consider possible edits and changes.

Start early. You have sufficient time to complete this project if you plan accordingly. Your report should consist, at a minimum, of the following:

· 3 - 4 pages single spaced, double space between paragraphs. Page count does not include title page, tables and exhibits, table of contents, and works cited list.

· title page

· bibliography or works cited (business classes use APA format)

· in-text citations (business classes use APA format)

· tables, and appendixes if you wish to copy and paste financial statements or materials you did not write (these will not be part of the 'page count', and ensure the datatable is large enough to read clearly)

· Your report should use one-inch margins on the left, right, top, and bottom of each page, and font set at 12 points.

· Take care to comply with the UMGC policy for academic honesty

· Write your report, in your own words, using accounting terminology and phrases from our textbook and explaining how these relate to the financial statements of your company

· Our discussion postings during the semester should assist you in completing this report

· Ask questions of your professor on this project

· Visit the Accounting Toolbox in the Course Content of our LEO classroom

· The Accounting Toolbox is a constant resource in our UMGC undergraduate accounting courses

· Links and explanations to assist you with this report may appear in this resource

Written Assignment: SEC 10-K Analysis

Using the Internet, access the SEC 10-K annual report for a publicly traded company of your choice. The company must have inventory and accounts receivable.

You must select a company that is publicly traded SEC 10-K and has inventory and accounts receivable. Most students find the SEC 10-K annual report at their company's website in sections such as About Us and/or Investor Relations. Look for SEC and Annual Filings (you will often find drop-down menus to click). You must research and secure the SEC 10-K Annual Report for the most recent year. Save the file to your computer for access. Do not print as the report is usually 100 pages or more. Post the name of your company, the SEC 10-K web link, and how you found the SEC 10-K in the SEC 10-K discussion for approval by your professor.

Review the company's MD&A (Section 7), Notes to the Financial Statements (Section 8) addressing FASB changes as required by your professor, as well as financial statements and other pertinent accompanying footnotes. Use this information to prepare your "analytic" results. You may want to seek additional background and comparative data on the business. Yahoo Finance has a "competitors" feature we will discuss in class.

If specific FASB pronouncements defined during the class required the restatement of prior period earnings or other adjustments, those should be highlighted in your analysis. If these did not occur, you must confirm that your research did not highlight any required restatements.

Use terms from our class and create displays using the SEC 10-K for your company. The use of headings will label the sections in your report. Your goal is to explain the financial statements and the information of the SEC 10-K with the knowledge you learn from our class. While not describing every item in the SEC 10-K, your report should tell a story and illustrate your mastery of accounting terms, concepts, and the impact of recent pronouncements. No more than one paragraph should be devoted to your company's history and non-financial information.

A PowerPoint presentation will also need to be prepared to cover the highlights of your report. A PowerPoint presentation is a high-level summary of your written analysis and paper. Do not use paragraphs or even complete sentences, use sentence fragments or “bullet” points. Charts, tables and graphs add value and information to the presentation but ensure there is narrative to explain and support the graphs. The presentation should be sufficiently sized to explain your analysis. Only one slide is required to present the Corporations history and structure: all other slides focus on the prepared research. Please post the presentation in the designated SEC 10-K discussion near the end of the semester to share with other students. Read your classmate's presentation and provide comments to at least one other posting.

After the discussion week, you should review your PowerPoint presentation and submit the final version in the assignment folder. This is the PowerPoint file I will grade. The PowerPoint Presentation discussion is part of participation and designed to assist you in creating your final project. However, if you fail to participate in that discussion, it may affect the 'grade' for your PowerPoint Presentation