Choose a company from the US market.? (If you wish you can choose the company from another country, but it should be IFRS reporting available). 2. Take the most recent yearly financia
1. Choose a company from the US market.
(If you wish you can choose the company from another country, but it should be IFRS reporting available).
2. Take the most recent yearly financial statement available (called 10K report).
3. Explain how the company is doing revenue recognition. Does the company use any managerial assumptions in the revenue recognition?
4. Which method company is using to recognize bad debts? Check how allowance for bad debts changed over the last 2-3 years.
5. Which method company is using to recognize inventory? LIFO or FIFO? If a company uses LIFO, compute approximate tax savings using tax rate of 30%. In addition, compute COGS and Inventory under FIFO.
6. Check which assumptions your company is making for depreciation.
7. Make a conclusion. State any unusual assumptions you have found or summarize the main findings.
BCO312 Financial Statement Analysis Assignment 1
Task
Include all details of the task, including:
· individual
· be sure that similarity measure is below 20%!
· Word or pdf file submission is expected
· Please do not copy the text of the assignment!
Formalities:
· Report : Wordcount: 1500 words maximum
· Cover, Table of Contents, References and Appendix are excluded of the total wordcount.
· Font: Arial 12,5 pts.
· Text alignment: Justified.
· The in-text References and the Bibliography have to be in Harvard’s citation style.
· You can do all the computations in EXCEL but the submission shoud be in .DOC or .PDF file.
Submission: 12th of November, 2023. Time: 23:59.
Weight: This task is a 30% of your total grade for this subject.
It assesses the following learning outcomes:
· Ability to critically analyze assumptions companies use in order to create financial statements
· Deep understanding of methods of FSA for the companies who follow IFRS
ASSIGNMENT:
1. Choose a company from the US market.
(If you wish you can choose the company from another country, but it should be IFRS reporting available).
2. Take the most recent yearly financial statement available (called 10K report).
3. Explain how the company is doing revenue recognition. Does the company use any managerial assumptions in the revenue recognition?
4. Which method company is using to recognize bad debts? Check how allowance for bad debts changed over the last 2-3 years.
5. Which method company is using to recognize inventory? LIFO or FIFO? If a company uses LIFO, compute approximate tax savings using tax rate of 30%. In addition, compute COGS and Inventory under FIFO.
6. Check which assumptions your company is making for depreciation.
7. Make a conclusion. State any unusual assumptions you have found or summarize the main findings.
Rubrics:
|
Exceptional 90-100 |
Good 80-89 |
Fair 70-79 |
Marginal fail 60-69 |
|
|
Knowledge & Understanding (20%) |
Student demonstrates excellent understanding of key concepts and uses vocabulary in an entirely appropriate manner. |
Student demonstrates good understanding of the task and mentions some relevant concepts and demonstrates use of the relevant vocabulary. |
Student understands the task and provides minimum theory and/or some use of vocabulary. |
Student understands the task and attempts to answer the question but does not mention key concepts or uses minimum amount of relevant vocabulary. |
|
Application (30%) |
Student applies fully relevant knowledge from the topics delivered in class. |
Student applies mostly relevant knowledge from the topics delivered in class. |
Student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident. |
Student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident. |
|
Critical Thinking (30%) |
Student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors. |
Student critically assesses in good ways, drawing conclusions from relevant authors and references. |
Student provides some insights but stays on the surface of the topic. References may not be relevant. |
Student makes little or none critical thinking insights, does not quote appropriate authors, and does not provide valid sources. |
|
Communication (20%) |
Student communicates their ideas extremely clearly and concisely, respecting word count, grammar and spellcheck |
Student communicates their ideas clearly and concisely, respecting word count, grammar and spellcheck |
Student communicates their ideas with some clarity and concision. It may be slightly over or under the wordcount limit. Some misspelling errors may be evident. |
Student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed wordcount excessively and misspelling errors are evident. |
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