Accounting homework about Costco wholesale

Group Project

ACCT

(Due date: October 21, 2015)

Costco wholesale

General Instructions:

· The annual report for each company can be obtained from the U. S. Securities and Exchange Commission’s website (10-K filing). Please go to http://www.sec.gov , under section Filings, please select Company Filings Search . Then you can search for a company’s filings using the Company’s name or the company’s identifiers (ticker symbol or cik). Several companies with similar names may appear on the page, please select the exact name of the company that you will use in this project, click on CIK and you will see all of the filings of the company.

Then, in order to find the 2014 annual report, firstly you should limit your search by entering “10-K” on Filing Type, all 10-K forms (annual reports) of the company will appear. Please find the annual report for the fiscal year 2014.

· You should attach the soft copy of the annual report to this project. For those information that you use in the project, please clearly indicate the page numbers of the annual report in your answers.

· When you answer the questions of this project, please cite the sources where appropriate.

Specific Requirements:

Please provide the answers for the following about Costco wholesale . Where appropriate, your answer should be in the essay format. Please rephrase your answer or put your answers in brackets and cite the sources if you borrow any sentences from the available sources.

1. What are the business risks that the Company may face with and may influence the Company’s operation or profitability (Hint: Business risks can be internal and/or external factors. You may find the information on 10-K and other sources).

What are some examples of control activities that the Company could use to reduce these risks?

2. Do you think the company is more likely to use process costing or job costing or activity-based costing? Please provide the reasons the support your answer.