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ACC 561 Wk 1 Individual: Financial Statements
Purpose of Assignment
This activity helps students recognize the significant role
accounting plays in providing financial information to management for decision
making through the evaluation of financial statements. This experiential
assignment requires students to use ratios to evaluate and analyze a company’s
liquidity, solvency, and profitability.
Assignment Steps
Resources: Generally Accepted Accounting
Principles (GAAP), U.S. Securities and Exchange Commission (SEC), University
Library, Library resources: Company Directories and Financials Tutorial help on
Excel and Word functions can be found on the Microsoft Office website. There are
also additional tutorials via the web offering support for Office products.
Select a publicly traded, U.S. corporation
with which you are familiar or one where you currently work or have worked in
the past.
Research the company on the Internet
and download the Income Statement, Statement of Shareholders’ Equity, Balance
Sheet, and Statement of Cash Flows.
Develop a minimum 700-word examination of the
financial statements and include the following:
·
Determine the net income for the current fiscal year (FY). Is
this income up or down from the prior year?
·
Explain the relevance of changes in net income to investors.
·
Determine the ending balance in shareholders’ equity. Why would
organizations such as labor unions be interested in this?
·
Determine the total value of assets.
·
Discuss the relevance of the total value of assets to potential
creditors and why this is important.
·
Compute the return on assets. Discuss the relative profitability
of the company based on your results.
·
Compute the working capital and current ratio. Evaluate the
relative liquidity of the company based on your results.
·
Compute the debt to assets ratio and the free cash flow for your
company. Analyze the results and comment on the relative solvency of the
company.
·
Discuss how the financial statements are used in your current
role or a position you would like to hold. How might these aid you in
managerial decision making?
Show your work in Microsoft Word or
Excel.
Complete calculations/computations using
Microsoft Word or Excel.
Include the four financial statements along with
your assignment.
Format your assignment consistent with APA
guidelines.
Submit your assignment.
Resources: