Report:
The SEC 10-K assignment will consist of research to write a report on an annual SEC 10-K report filed by a public company with the U.S. Securities and Exchange Commission (SEC). The focus of this assignment is on the financial statements as a whole and the concepts related to the topics covered in this course. You will conduct internet-based research to select a public company of your choice from the list of companies included in the Fortune 500 companies and locate its most recent SEC 10-K report for your project. Your company must have an inventory and accounts receivable account. As part of this project, you will participate each week in the discussions specifically designed to guide you through this project. You will share your experience with your fellow students to learn from each other through discussion postings. There are two deliverables: (1) SEC 10-K Report, and (2) SEC 10-K Power Point presentation based on your report. Grading will be per Rubric in Leo. It is recommended that you review the rubric to maximize your earned grade.
Project Content:
A. Cover Page
Name of Company, Annual Report date, Name, Date
B. Introduction to Company and Basic Financial Information
Page providing background information on company such as (at minimum) age of company, locations, number of employees, products, and major competitors
C. Describe/explain the following concepts as related to your chosen company. Label Each Component
1. Management Discussion and Analysis
2. On what basis does the company value its inventory?
3. Horizontal Analysis (a) calculate accounts receivable turnover, profit margin, return on assets, current ratio, inventory turnover, asset turnover, debt to assets, and times interest earned for two years (b) prepare/comment on horizontal trend analysis of the results of your calculations (c) how does calculated ratio compare to company’s industry or competitors?
4. Depreciation (a) describe depreciation method used (b) what are the amounts of depreciation and amortization noted in the company’s cash flow statement? (c) explain the changes in the amounts-what could the changes be attributed to?
5. Earnings per share -explain and analyze the company’s earnings per share (compare to company trend, industry, and competitors)
6. Does your company use indirect or direct cash flow statement? What is the largest cash inflow and outflow in each major section of the cash flow statement?
7. Discuss two components of your company’s equity section of the balance sheet.
8. Financial Statement Note Disclosures – explain one of the disclosures that have not been discussed elsewhere in your report
D. References
E. Reflection. Provide a narrative of what you learned from this process
