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ACC 202: Financial Accounting Information Financial Statement Analysis 1

There are three financial statement analysis assignments due during the semester. You will analyze financial data for two companies. The primary company will be Nike, Inc. and it should be compared to one of its largest competitors, Under Armour, Inc. For all assignments, you are required to provide data from Nike’s Form 10-K for fiscal year ended May 31, 2016. For Under Armour, the data should come from Form 10-K for the fiscal year ended December 31, 2015. There are specific questions for each assignment that are posted to Blackboard. Each analysis should not exceed one page and must be submitted to Blackboard on or before the due date (see Course Schedule of Blackboard for due dates). Below is guidance for locating your company’s financial statements. Here is one way to find your company’s (and competitor’s) financial information:

1. Go to your company’s website.

2. Click on the company information or investor relations link.

3. Look for annual report or financial statements in the investor relations area. It’s important to note that financial statements are sometimes named differently. For example:

• Balance sheets are sometimes named “statement of financial position”

• Income statements are sometimes named “results of operations” or “consolidated income statement”

• Statements of retained earnings are sometimes named “statement of owner’s equity” or “stockholder’s equity”

You can get more information about your company and competitor at UT’s Library through the http://esearch.ut.edu site. Esearch has five really expensive subscriptions to high-end databases: Mergent Online, Morningstar, Business and Company Resource Center, Standard & Poors and Value Line. These premium sites afford the UT student with excellent analysis and financial data which is often far better than free commercial alternatives. In any case, you must get the financial statements from the company to complete your assignments properly. Many times the information at the company’s website listed under “investor relations” is the most accurate. Often cnnmoney, quicken and other free websites are inaccurate, dated or both.