annual report acctg101

Financial accounting (ACCTG 101) Chapters 1- 3 . 1- Annual Report Selection (Obtain the most recent annual report (10-K) for the selected company.(should include financial statement. do not choose a company with financial statement condensed. should have all the four financial statement.  2- answering Company Information questions   3- question  Chapter One (Page 51)    4- Questions Chapter Two (Page 104)  5- Questions Chapter Three (Page 161)  Include Annual Rpt Page Numbers (The annual report page numbers for the answers need to be included with the answers When answering the questions give the page number from the 10k report ) 6 -Graph   
 .Company Information) Questions  What is your company’s main product?
 What is the URL for company’s website? What does it contain?
 The Notes to the Financial Statements are contained on what pages?
 How are the Notes identified(numbers or letters)?
 
 
 
 The format of the report should include the Chapter number, the full question and your answer. If the question has several parts (a-f, for example), please list each part separately. for example   the (a) question, then the (a) answer, then list the (b) part and give the answer and so on. Following are examples of the format of the questions and answers: Chapter One  1. Question Answer  2. Question Answer Chapter Two 1a. Question a) answer  1b. Question b) answer   
 .For ch 1 questions Determine the amounts The Buckle reports for total assets, total liabilities, and total stockholders’ equity in the balance sheet for the most recent year. Verify that the basic accounting equation balances.
 The Buckle refers to its income statement using another name. What is it?
 Determine the amounts The Buckle reports for net sales and net income in its income statement for the most recent year.
 For investing activities, what are the largest inflows and largest outflows for the most recent year reported in the statement of cash flows? For financing activities, what are the largest inflows and largest outflows?
 Who is the company’s auditor (see the Report of Independent Registered Public Accounting Firm)? What does the report indicate about the amounts reported in the company’s financial statements?


.For Ch 2 
 Is The Buckle’s company size increasing? Determine your answer by calculating the percentage change in total assets and percentage change in net sales for the most recent year.
 Is The Buckle’s total profitability increasing? Determine your answer by calculating the percentage change in net income for the most recent year.
 Did The Buckle issue any common stock in the most recent year?
 Do you see the term debit or credit listed in the balance sheet? Which account types in the balance sheet increase with a debit and which ones increase with a credit?
 Do you see the term debit or credit listed in the income statement? Which account types in the income statement increase with a debit and which ones increase with a credit?


.For Ch 3 
 


 For the most recent year, what amount does The Buckle, Inc., report for current assets? What assets are listed as current assets? What is the ratio of current assets to total assets?
 For the most recent year, what amount does The Buckle, Inc., report for current liabilities? What liabilities are listed as current liabilities? What is the ratio of current liabilities to total liabilities?
 List any current assets or current liabilities which likely relate to adjusting entries.
 For the most recent year, what is the change in retained earnings reported in the balance sheet?
 For the most recent year, what is the amount of net income reported in the income statement?
 Using your answers in 4 and 5, calculate the amount of dividends paid during the year. Verify your answer by looking at the retained earnings column in the statement of stockholders’ equity.