ACCT 201 001 Fall 2016 Annual Report Project
Due date: 11-7-16 Your paper will be approximately 5-8 typed pages in length Please do not put your paper in a cover or portfolio. Turn it in stapled – you may use a cover page with your
name if you wish. Label each section of your work. For example “A. Introduction” Please staple before turning it in. Please don’t ask me to staple it for you. Format: double space Review your work to make sure you have addressed and answered all parts of the assignment. Late policy: 5 points will be deducted for each day that the project is late. If you will be submitting your report late, please email it to me. You will work independently on this project. Do not work with anyone else or share your work with anyone else. You are working under the honor code which indicates that you have been honest and have not observed any dishonesty while working on this project. This is a paper. Do not address the assigned questions by using bullet points. Instead, incorporate your answers into an essay format. Use the annual report that you received. Do not research online to answer these questions using more up-to-date quarterly information that the company has filed.
A. Introduction (25 points)
Write a summary and incorporate the following into this introduction (use the annual report to find this information): Name of the chief executive officer Location of the home office Ending date (month, day, and year) of the latest fiscal year Description of the company’s principal products or services Main geographic area of activity
Name of the company’s independent auditors. In your own words, explain what the accountants said about the company’s financial statements. (Examples of auditors’ reports are on A-15 and B-16 in your textbook.
Look for this type of audit opinion in your annual report). The most recent price of the company’s stock. Be sure to provide the date for which you report this price. Yahoo Finance ([url removed, login to view]) is a good website to use to obtain the latest price using your company’s ticker symbol. The amount of dividend the company pays. Please state whether you are presenting this figure for the whole year or on a quarterly basis. Present this figure on a per share basis. Obtain this information from the annual report – you will be indicating the amount of dividends paid during the year covered by the annual report.
B. Company Situation (15 points)
Describe the company’s situation and its outlook by reading the letter to the shareholders and Management’s
Discussion and Analysis. Summarize these two areas of the report and give your opinion on the company’s situation and outlook.
C. Financial Statements (35 points)
Income Statement (also called: Statement of Earnings, Statement of Operations, Statement of Income) o Is the format most like a single-step or multi-step format? (an example of single-step is on [url removed, login to view] and
an example of multi-step on [url removed, login to view] in the textbook)
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o For your company, answer the indicated items. For this part of the assignment, do not copy the income statement or reproduce it. Just indicate these items and comment on their increase or decrease from the previous year. Remember that Management’s Discussion and Analysis is a good
source of information for the analysis. Do not just indicate the amount of the increase or decrease; also give the reason for the fluctuation from the prior year. [url removed, login to view], Inc. – State the amount of total net sales, cost of sales, and fulfillment for each of the last two years. Comment on the increases or decreases in these amounts. Ross Stores, Inc.– State the amount of sales, cost of goods sold, and selling, general and administrative expenses for each of the last two years. Comment on the increases or
decreases in these amounts. Snyder's-Lance, Inc. – State the amount of ne