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SEC 10K Project:Request a corporation to study

Always inlcude the name of your company in the subject line and the link to the SEC 10-K in your posting!

Select a publicly traded U.S. corporation you would like to study this semester and ask the professor for permission by posting a response here.

Your corporation must:
1) have a SEC 10-K report for the current or most recent prior year

2) be among the Fortune 500companies. To identify Fortune 500 companies click this link:http://money.cnn.com/magazines/fortune/fortune500/2014/full_list/

3) have an Accounts Receivable and Inventory account

Your corporation may NOT:
1) be the same corporation you used for SEC projects in other classes

2) be the same corporation a classmate selected

3) be a bank or any other type of financial institution

Requirements:

1. Write the name of the corporation, the stock market where it is traded, and its ticker symbol in the Subject line when you respond to this posting and all other postings related to this project.
For example:

• Under Armour; NYSE: UA
• Apple; NASDAQ: APPL
• Exxon Mobile; NYSE: XOM

2. State why you want to study and prepare a financial analysis of your corporation.

3. Provide a direct link to your corporation's SEC 10K report for the most recent year. A direct link is a hyper link that takes you directly to a Website where the SEC 10K report is located. For example, this is the direct link to the 2013 SEC 10K report for Apple, Inc.
http://www.sec.gov/Archives/edgar/data/320193/000119312513416534/d590790d10k.htm

The most direct route to finding the direct link is to use the SEC EDGAR System and search by Company name.
The following link is a good place to start your search:
http://www.sec.gov/edgar/searchedgar/companysearch.html

4. State your corporation's position on the Fortune 500 List for the current year.

5. Provide page numbers for all four required financial statements:
Income Statement (Hint: it could be listed as the Consolidated Statements of Income)
Balance Sheet (Hint: it could be listed as the Consolidated Balance Sheet or Statement of Financial Position)
Statement of Stockholders Equity (Hint: it could be listed as the Consolidated Statements of Stockholder's Equity or Consolidated Statements of Stockholder's Deficit)
Statement of Cash Flows (Hint: it could be listed as the Consolidated Statements of Cash Flows)















week 2
Actions for SEC 10K: Income Statement

SEC 10K Project:Income Statement: always inlcude the name of your company in the subject line and the link to the SEC 10-K in your posting!

Read the SEC 10-K for your company to answer the questions below: Category: Revenue and Net Income 1. What was the corporation's net sales, cost of goods sold, and gross profit? 2. What was the corporate tax rate? ** This should be an item in the notes to the financial statement. Required disclosure usually explains the Federal Statuatory rate and a reconciliation to the actual tax rate of the company each year. 3. Read the Statement of Comprehensive Income. Notice the first line is the Net Income from the Income Statement. Accumulated Other Comprehensive Net Income (or net loss) is a item in the Statement of Owners' Equity Section as well as in the Balance Sheet. Post the value from the Balance Sheet and comment on whether this item is increasing or decreasing (take care with the concept of change and net income or net loss). 2. What items appear under "Other Comprehensive Income (Loss)"? 3. What is the account and the amount of the bottom line item on the Statement (or Consolidated Statement) of Comprehensive Income? week 3 EC 10K Project:Balance Sheet Using the SEC 10-K for your company, answer the questions below: 1. What were total current assets? 2. What were total current liabilities? 3. What was total assets and total stockholder's equity (deficit)? 4. Calculate Working Capital (Current Assets - Current Liabilities = Working Capital) and describe how it changed by from from last year. 5. If the company has treasury stock, is it increasing or decreasing in value? Remember the normal balance for treasury stock is a negative value (debit balance). 6. What is the value for Other Comprehensive Net Income (or net loss), accumualted deficit and /or Retained Earnings. How are they changing? week 4 Using Verticial Analysis (show your calculations) present values for this year and last year: 1. Gross Profit Margin 2. Net Profit Margin (use the last "net income" line on the statement) 3. Comment on changes: are sales increasingly profitable? How is gross profit and net income changing, as a dollar value? week 5 Answer the questions below for this year and last year, using your SEC 10-K: Category: Operating Activities 1. Net income versus total for operating activities: report these values. 2. Items of significance between net income and total for operatining activities? 3. Is the business providing cash flow from operations? Category: Investing and Financing Activities 1. Describe significant long term assets (type and amount) purchased, sold, or retired during the current period as well as last year. 2. Describe significant financing activities used by your corporation to increase cash (or other assets): these would be related to long term liablities and stockholders equity. Category: Analysis Overall Cash Flow (total of three sections): Compare this year to last year. week 6 SEC 10K: Peer Review Participating in the Peer Review process serves four purposes: 1) Each student has an opportunity to learn about another corporation. 2) Providing detailed and constructive feedback results in higher grades for all students. 3) Seeing how other students approached the project may provide insight for your to improve your project. 4) At your discretion, you have an opportunity to edit your project before submitting it for a grade. To participate in the SEC 10K Peer Review process, post a draft of one or both documents as a response to this discussion topic. Ask for and volunteer to provide detailed and constructive to one or more of your classmates. week 7 Decision Making and Incremental Analysis Decision Making: Post comments and explain, with examples, how decision making and analysis, with the tools from our class, may be of value to you and your future endeavors. Include specific examples such as a company seeking to increase profits would .... week 8 Non Accounting Majors (Accounting Majors, see below) Please post your comments on our class and how it will be of value in your future, academically and professionally. What courses might you take related to this class? Accounting Majors: ter for ACCT 310: Intermediate Accounting I For next semester, recommends you register for the following course: ACCT 310: Intermediate Accounting I Intermediate Accounting I is a comprehensive analysis of financial accounting topics, including preparation of financial statements and external reports. The aim is to identify and analyze complex business transactions and their impact on financial statements. In this course, you will take a deeper, comprehensive, and more advanced approach to learning accounting topics you learned in the first half of Principles of Accounting II. In addition, the following new topics are covered in ACCT 310: Intermediate Accounting I: FASB Codification of accounting standards FASB Conceptual Framework for Financial Accounting Accounting for the time value of money Fair value accounting Go to:https://community.thiswaytocpa.com/allgroups/profession/b/articles/archive/2012/12/28/cha-ching-cha-ching.aspx Read the Website: Cha-ching Cha-ching: Get a Glimpse of What CPA's Earn On the above site, click the in-text hyperlink: "high demand for CPA's" and read Why the World Would Implode Without CPA's Go to: http://www.accountingtoday.com/news/Salaries-Rise-Accountants-Financial-Analysts-68634-1.html Read the article: Salaries on the Rise for Accountants and Financial Analysts Respond to one or more of the following questions: Questions: a) Explain how the demand for accountants and CPA's impacts earning potential in the accounting profession? b) To what extent does the earning potential impact your decision to continue your studies in accounting? Why? c) What additional resources would be needed for you to graduate from with a degree in accounting?