I need help for ACCT Homework!

Students will solve one Comprehensive Problem and complete a SEC 10-K report and presentation over the course of the term. Due dates for the Comprehensive Problem and the SEC 10-K report and presentation are indicated in the Course Schedule. 

More information about the SEC 10-K report and presentation will provided online during the course. In general, this report will require you to: 

     • access the most recent SEC 10-K filing of a publicly-traded company 

     • post comments about your company as we discuss relevant topics in the course 

     • complete a SEC 10-K paper two pages in length (single-spaced, with one-inch margins on all sides; double-space between paragraphs and using a 12-point font) 

     • create a PowerPoint presentation file, after completing your SEC 10-K paper and submitting it for grading (the presentation should be no more than six slides in length, plus a cover slide and a works-cited slide, or eight slides in total)

The company I selected is Intel Copr. which is located in Santa Clara, CA. It is a multinational semiconductor chip maker corporation.

The most recent 10-K filing is dated 14 Feb 2014. The weblink is http://www.sec.gov/Archives/edgar/data/50863/000005086314000020/a10kdocument12282013.htm . (Please use this company for the SEC 10-K report)

Item No. 2 – SEC Company 10-K Paper (1-2 pages):

 

Later today, I will be providing one more Conference titled “SEC 10-K Paper” in which there will be a few more questions regarding financial statement information for your company.  You should answer these questions by posting in that Conference under a new topic you will create for your company’s name.

 

After you have answered these new questions, you can create the 1-2 page paper for your SEC-filing company.  That paper will essentially be a summarization of all the questions I have asked, and you have answered, regarding your company.  Don’t repeat all my questions in your paper; rather, put your answers together into a logically constructed narrative of 1-2 pages about your company. 

 

This paper will be the basis for your creation of the PowerPoint slideshow about your company that you will submit be the end of the course.  The paper will count for 10 points (10% of the course grade) and the PowerPoints will count for another 10 points.

 

Please submit that short paper (1-2 pages) through your Assignment Folder before Monday, July 14, 2014 .

 We need to start accumulating information about the SEC-filing company that you previously selected.  This information will be used in the 1 to 2 page paper that you will complete, and in the eight-slide PowerPoint presentation you will prepare (includes 1 cover slide and 1 works-cited slide, leaving 6 slides for material about your company).

 

To this end, please post in the Conference titled “SEC 10-K Paper and Presentation” under a new topic you will create for your company’s name :

 

· The name and location of your company

 

· A brief description of what the company does (you can find this at the very beginning of the Form 10-K where there will be discussion of the company’s business).

 

· A description of the fiscal year for your company (is it December 31 or the last Saturday in January, etc.).

 

· The name of the outside audit firm (there will be a letter addressing the audit of the financial statements and internal control). Major public accounting firms include Deloitte, KPMG, PwC (PricewaterhouseCoopers), and Ernst & Young (there are also others, but these are the “Big Four”).  You will typically find the audit opinion letter just before (but in some cases just after) the financial statements in the Form 10-K (sometimes the company places its financial statements in an exhibit to its main 10-K form, e.g., it might be in exhibit 13).  That letter will be signed by the outside audit firm for your company.

 

In Chapter 19 we learn about Manufacturing Costs (direct materials, direct labor and manufacturing overhead).  In Chapters 20 and 21 we study, Job Order Costing and Process Costing, respectively.  These cost methods include the record-keeping procedures by which manufacturers track these manufacturing costs and assign them to three categories: finished goods, work-in-process (or W-I-P), and raw materials.  For your company, post the following (which you will find in its financial statements):

 

· What it shows about “Inventory” in its Balance Sheet

 

· What it states about its inventory accounting method (you will find this in Note 1: Summary of Significant Accounting Policies, in the financial statements)

 

· What it discloses about the components of its inventory (materials and supplies, work-in-process, and finished goods) in its financial statement footnotes.  You will find this either in Note 1, itself, or in a separate Note about Property, Plant and Equipment.  If you can’t find it in either of these places, it may be discussed somewhere in Management’s Discussion in Parts I and II of the Form 10-K, but this should be the last place you look.

Instructions Please create a 1-2 page paper for your SEC-filing company. That paper will essentially be a summary of all the questions I previously have asked, and you have answered, regarding your company. Don’t repeat all my questions in your paper; rather, put your answers together into a logically constructed narrative of 1-2 pages about your company. This paper will be the basis for your creation of the PowerPoint slideshow about your company that you will submit be the end of the course. Please submit that short paper (1-2 pages) through your Assignment Folder before Monday, July 14, 2014.