ACCOUNTING-To analyze the financial statements of a publicly traded company

To analyze the financial
statements of a publicly traded company
Obtain an annual report
from a publicly traded corporation that is interesting to you. Be sure the
company has property and equipment, intangible assets, and long-term debt on
its balance sheet. Using techniques you have learned in the previous weeks,
respond to the following questions.

What is the amount of property and equipment on the
balance sheet for the two most recent years? What is the amount of
depreciation expense? What amounts are on the cash flow statement for the
most recent year that relate to depreciation, gains and sales of property
and equipment, and purchases and sale of property of equipment? What
amounts are permitted for inclusion in the capitalized cost of property
and equipment?
Looking at the footnote disclosures of the company,
what are the individual components of property and equipment? For example,
what are the amounts for land, building, equipment, accumulated
depreciation, and so forth? How do companies account for nonmonetary
exchange and dispositions of property and equipment?
Does the company have intangible assets? If so, what
are the types of intangible assets (patent, copyrights, etc.) and their
amounts? What is the amount of amortization expense? What amounts on the
most recent cash flow statement relate to the purchase and sale of
intangible assets? How do intangible assets differ from property and
equipment? What costs do we include in intangible assets?
Does the company have goodwill? What are the footnote
disclosures relating to goodwill and the related acquisition? Please also
describe the calculation of goodwill and how we account for differences
between fair value and book value of assets acquired.
What are the company’s depreciation methods? What is the
range of estimated useful lives used for depreciating its assets? Does the
company use the same depreciation methods for financial statements and tax
returns? If not, please describe the methods used for tax purposes.
What are the company’s footnote disclosures relating to
impairment? Please also describe how to determine whether an impairment
exists and how to calculate the impairment loss.
What are the amounts and descriptions of the company’s
current liabilities for the most recent year? Does the company have any
contingent liabilities? If yes, please describe. What are the three
categories of contingent liabilities and the treatment for each type? Does
the company have any subsequent events disclosed in its footnotes? If so,
please describe them.
What are the amounts and descriptions for all of the
company’s long-term liabilities on its balance sheet for the two most
recent years? What is the interest expense for the two most recent years?
What amounts are included in the cash flow statements for proceeds from
issuance of debt and repayment of debt for the most recent year? For each
note payable discussed in the footnotes disclosures, what is the interest
rate, total amount borrowed, and maturity date?
Does the company have bonds payable? If so, what are
the amounts? Please also describe how bonds payable differ from notes
payable and how to account for the issuance of bonds at par, at a
discount, and at a premium. How is the discount and premium amortized?
What is the effective interest method?
Does the company have capital leases? If so, what are
the amounts and terms of the leases? What are the four criteria for a
lease to be considered a capital lease? What are the additional criteria
for the lessor? What is the difference between a sales-type lease and a
direct financing lease?

Guidelines
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Papers must be 7 to 10 pages in length. Use a
12 point font, with double spacing, and include a cover page, table
of contents, introduction, body of the report, summary or conclusion, and
works cited.
Even though this is not a scientific-type writing
assignment, references are still very important. At least three
authoritative, outside references are required (articles and web
pages with anonymous authors are not acceptable). These should be listed
on the Works Cited page.
Appropriate citation is required.
All DeVry University policies are in effect, including
the plagiarism policy.
Papers are due on Sunday of Week 6 of this course.
Any questions about this paper can be discussed in
the weekly Q & A Discussion topic.
This paper is worth 125 total points and will be graded
on quality of research topic, quality of paper information, use of
citations, grammar, and sentence structure.

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