Discuss methods used to account for assets, liabilities, and shareholder equity, and explain how the company’s inventory valuation method affects reported results.
Compare and contrast the role of management, as reflected by management theory, in the 20thcentury organization with the role of management in the 21st
August 5, 2017You own Widgets ‘R Us and are preparing your year-end financial statements: What inventory accounting method do you use and why (FIFO, LIFO, or Weighted-Average)?
August 5, 2017Discuss methods used to account for assets, liabilities, and shareholder equity, and explain how the company’s inventory valuation method affects reported results.
You will select a company from (LIST LINK LOCATED AT THE BOTTOM), and you will analyze the company’s financial performance, highlighting accounting principles and methods learned in this course. This project requires you to present, review, and analyze the organization’s published annual reports and related footnotes for the last 2 years. Specifically, your paper will cover the following:
- Discuss methods used to account for assets, liabilities, and shareholder equity, and explain how the company’s inventory valuation method affects reported results.
- Explain the company’s approach to internal controls, and assess its compliance with Sarbanes-Oxley.
- Prepare and interpret the results of horizontal and vertical analyses of the financial statements.
- Prepare and interpret the results of at least 5 ratios, 1 from each of the following categories:
- Profit Ratios
- Debt Ratios
- Efficiency Ratios
- Equity Ratios
- Liquidity Ratios
- Assess the company’s overall financial performance and the integrity of its internal controls.
- Discuss how various stakeholders—internal and external—use information contained in the financial statements for decision making.
