ACC 616 Full Course Stock Exchange Assignments GCU
ACC 616 Topic 1 Annual Report Project Section 1
The Annual Report Project will be completed in sections over the duration of this course. You will submit each section individually, as assigned, and then submit the completed comprehensive assignment in Topic 8.Obtain the most recent Form 10-K of a U.S. corporation traded on the New York Stock Exchange (NYSE) or National Association of Securities Dealers Automated Quotations (NASDAQ). The corporation must sell a product and carry inventory on its balance sheet. You can access public company Form 10-K reports on your specific company’s website under Investor Relations. For Section 1 of the Annual Report Project, prepare a professionally written summary of 250-500 words. Include the following in your submission:
- Provide an overview of the company you have chosen. What business is it in? What does it sell? Who are its competitors? In what geographical areas does it conduct business? Discuss any cyclicality associated with its product sales. Include any other items relevant to this particular business or its industry.
- Locate a press release or article on the company you chose. What was the press release regarding and why is it significant for the company? Focus on any current or future financial implications. What did the article state about the company and how might the information in the article influence the company’s financial performance in the future?
You are required to integrate at least two academic sources in the summary.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
Refer to “Annual Report Project – Section 1 Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC 616 Topic 2 Annual Report Project Section 2
For this portion of the Annual Report Project you will read the “Management Discussion and Analysis” in the Form 10-K for your company of choice. Prepare a professionally written summary of 250-500 words. Include the following in your submission:
- Provide a summary of at least four key points addressed by management in this section of the Form 10-K.
- Analyze whether you think the summary provided by management accurately reflects the financial results of your company over the past year? Why or why not?
You are required to integrate at least one academic source in the summary.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
Refer to “Annual Report Project – Section 2 Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC 616 Topic 2 Memo to the File
Go to www.fasb.org, click on the Standards tab, then Standards Issued in 2016, and choose one of the standards listed. In memo format, summarize the new standard and the potential impact of that standard’s implementation on internal users and external users (see pages 7 and 59-60 in the textbook). Be sure to address possible unintended consequences. Your response should be 250-500 words. You will cite at least one source on the standard, from an acceptable academic source. You will also need to find at least one news or magazine article on the topic. For this assignment, please use the “Memo Template” provided with this course for an example memo format. See the example in the Topic 2 Lecture, and information in the textbook for how to write a memo. While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center. Refer to “Memo to the File Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.ACC-616-R-Topic 2 Memo to the File.xlsx ACC-616-RS-MemoTemplate.docx
ACC 616 Topic 3 Annual Report Project Section 3
Locate and analyze your company’s Form 10-K, for the last 3 years. This document is located on the company’s website under Investor Relations. Prepare the following requirements as individual worksheets within an Excel spreadsheet:
- Horizontal analysis of the prior 3 years’ income statements and balances sheet.
- Vertical analysis of the prior 3 years’ income statements and balance sheets.
In a summary of 500-750 words, you will analyze the financial strengths and weaknesses of the company you are examining, based on the results of the horizontal and vertical analyses Your analysis should be more than just a restatement of the results of the ratios. The analysis should provide some possible reasons for why the ratios increased or decreased over the last 3 years. Consider the relationships between the types of accounts and correlations that should (or should not) occur. This section will be included as supplemental schedules to the analysis you completed in Topic 2, in your final project.
Your submission will consist of two items for this assignment:
- An Excel file with separate tabs for the horizontal and vertical analyses.
- A Word document with your analysis summary.
While APA style is not required for the body of this assignment, solid academic writing is expected, any documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
Refer to “Annual Report Project – Section 3 Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC 616 Topic 4 Annual Report Project Section 4
Using your company’s Form 10-K from the Annual Report Project – Section 3 assignment, analyze the information and include the following items as supplemental schedules to the analysis. These schedules should be prepared as individual worksheets within an Excel spreadsheet. Provide a calculation of at least three significant liquidity ratios:
- Current ratio
- Acid test ratio
- Cash ratio
- Current cash debt coverage ratio
- Working capital
Provide a calculation of at least three significant long-term debt-paying (coverage) ratios:
- Times interest earned
- Debt ratio
- Debt/Equity ratio
- Fixed charge coverage
In a summary of 500-750 words, analyze the financial strengths and weaknesses of your company based on the results of the liquidity and long-term debt ratios analysis.
Your analysis should be more than just a restatement of the results of the ratios. The analysis should provide some possible reasons for why the ratios increased or decreased over the last 3 years. Consider the relationships between the types of accounts and correlations that should (or should not) occur with the ratios.
You will submit two items for this assignment:
- An Excel file with separate tabs for the liquidity and coverage ratio calculations.
- A Word document with your analysis.
While APA style is not required for the body of this assignment, solid academic writing is expected, any documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
Refer to “Annual Report Project – Section 4 Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC 616 Topic 5 Annual Report Project Section 5
Using your company’s Form 10-K from the Annual Report Project – Section 3 assignment, analyze your company’s financial statements for the last 3 years. Include the following items as supplemental schedules to your analysis. Prepare these schedules as individual worksheets within an Excel spreadsheet: Prepare a calculation of at least three significant activity (asset) ratios:
- Average collection period
- Accounts receivable turnover
- Days in inventory
- Inventory turnover
Prepare a calculation of at least three significant profitability ratios:
- Net profit margin ratio
- Return on assets
- Gross profit margin ratio
- Return on total equity
- Total asset turnover
In a summary of 500-750 words, analyze the financial strengths and weaknesses of your company based on the results of the profitability and activity ratios analyses. Your analysis should be more than just a restatement of the results of the ratios. The analysis should provide some possible reasons for why the ratios increased or decreased over the time analyzed. Consider the relationships between the types of accounts and correlations that should (or should not) occur with the ratios.
You will submit two items for this assignment:
- An Excel file with separate tabs for the activity and profitability ratio calculations.
- A Word document with your analysis.
While APA style is not required for the body of this assignment, solid academic writing is expected, any documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
Refer to “Annual Report Project – Section 5 Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC 616 Topic 5 Benchmark Convergence Memo to the Client
Either subscribe (fee) to IFRS or register for the free limited access at http://www.iasb.org/IFRSs/IFRS.htmWrite a convergence memo (500-750 words) to the client discussing the current state of convergence between IFRS and U.S. GAAP on revenue recognition. You may use the “Memo Template” provided. In your memo, be sure to address the following:
- Describe the similarities and differences in accounting for revenue recognition under the international standards and the FASB standards.
- Identify (in general terms) the possible impact on the financial statements of your specific company of changing from FASB to IFRS.
- How should these items be disclosed under IFRS and FASB?
You must integrate at least two academic sources, in addition to the AICPA website and the IFRS website, in your discussion.
While APA style is not required for the body of this assignment, solid academic writing is expected, any documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC 616 Topic 6 Annual Report Project Section 6
For this assignment, you will refer to the Notes located on the Form 10K for your chosen company. You will find this information in the financial statements for the company. In a professionally written document, discuss what the financial statement notes tell the user about the topics you choose from the list below.Pick three of the following topics:
- Equity (common stock, treasury stock, and dividends)
- Investments (held-to-maturity, available-for-sale, etc.)
- Revenue Recognition (percentage of competition, installment sales, etc.)
- Full Disclosure (segment reporting and subsequent events)
- Pensions and Retirement Plans
- Leases (capital and operating)
For each topic, address the following items in 250-500 words for a total word count of 750-1,500 for all three topics:
- A discussion of the topic. Include a description and the significance to GAAP.
- A summary of the financial impact of the topic for your company. Describe how it is reported on the balance sheet and income statement.
- A summary on the importance for your company to disclose this item to users.
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
Refer to “Annual Report Project – Section 6 Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC 616 Topic 6 Benchmark Researching Audit Issues Case Study
For this assignment, choose one of the three cases provided in the “Topic 6 Case Studies – Researching Audit Issues” resource and complete the assignment according the directions provided below for the one case you have selected.Assume you work for the firm and that your manager has requested you draft a professional memo for the file to support the firm’s position. For the case you have selected, determine the auditing issue applicable, based on the facts presented. Once you determine the auditing issue, locate the applicable Financial Accounting Standards (FASB) or American Institute of Certified Public Accountants (AICPA) standards associated with the treatment of the issue. The memo should accomplish the following:
- Summarize the auditing issue.
- Present the rules as per FASB or the AICPA.
- Provide a conclusion as to the action necessary to fix the auditing issue.
The memo should be a minimum 500 words, and address the firm’s position and give your recommendation. You may use the “Memo Template” for this assignment.
While APA style is not required for the body of this assignment, solid academic writing is expected, any documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC-616-RS-MemoTemplate.docx ACC-616-RS-CaseStudiesTopic6Audit.docx
ACC 616 Topic 7 Annual Report Project Section 7
Details:
The Notes to the Financial Statements are an integral part of the financial statements. Companies must provide an overview of the significant accounting policies used and any other information of importance to users of the financial statements. Accountants are often required to write these notes to financial statements for their clients or the company for which they work. The goal of this assignment is to provide some practice writing Notes to Financial Statements.
For this assignment, you will refer to the three topics you chose to write about in your Annual Report Project – Section 6. You will need to rewrite the Notes to the Financial Statements for the three topics you summarized in the Annual Report Project – Section 6 assignment.
You may use your company’s current Notes to Financial Statements as a guide, but you are required to write Notes to Financial Statements (minimum of 500 words) using your own of your knowledge of the topic and summarize the note accordingly.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
Refer to “Annual Report Project – Section 7 Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC 616 Topic 7 Researching Tax Issues Case Study
For this assignment, choose one of the three cases provided in the “Topic 7 Case Studies – Researching Tax Issues” resource and complete the assignment according the directions provided below for the one case you have selected. Assume you work for an accounting firm and your client has requested a professional memo regarding a tax issue. Your response should be at least 500 words, but it should not exceed three pages. You may use the “Memo Template” resource for this assignment. While APA style is not required for the body of this assignment, solid academic writing is expected, any documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center. Refer to “Topic 7 Case Studies – Researching Tax Issues Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.ACC-616-R-T7TaxCaseStudies.xlsx ACC-616-RS-CaseStudiesTopic7Tax.docx
ACC 616 Topic 8 Annual Report Project Final
For this assignment, you will assimilate all of the separate sections of your Annual Report Project into one document, which will be broken into two sections.The ratio calculations section should be in an Excel file with a tab for each ratio type (horizontal, vertical, liquidity, etc.).The sections from Topics 1, 3, 4, and 5 should be provided in a Word document, including the following:
- Locate a competitor that is involved in the same business as your chosen company. Provide a competitor analysis that includes at least three ratios of which you will compare to your company’s results from Topics 3, 4, and 5 to a competitor’s results for the same ratios. Examine whether your company performed better or worse, compared to the competitor. How can you tell? Describe your findings.
- Provide an industry analysis that includes at least three ratios. Compare to your company’s results from Topics 3, 4, and 5 to the industry results for the same ratios. Examine whether your company performed better or worse, compared to the industry. How can you tell? Describe your findings. Use the GCU Library to access Hoovers, LexisNexis, or another business database to locate industry averages for the industry in which your company competes.
- Provide an investment recommendation that examines whether or not your company is a good investment decision.
You will need to list all resources you used in previous sections of the Annual Report Project, and you are required to integrate at least three academic sources for the final summary in your paper.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
Refer to “Annual Report Project – Final Rubric” prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.
ACC 616 Topic 8 Purchase Gleim Materials
Details:
You must purchase access to the Gleim Professor-Led Premium Review System for AUD, BEC, FAR, and REG before enrolling in your next course. Follow this link to purchase access: https://www.gleim.com/?promoID=GCU-CPA-PREMAfter you purchase the Gleim materials, you will be provided a separate link applicable to your specific course section when you enroll in ACC-622.Create a screen shot of your confirmation e-mail and submit it to your instructor.
