Question: i need a school project for Amazon compnay for the year 2022 10-k form found on sec.com.edgar answer these questions Financial Accounting Case Requirements For
i need a school project for Amazon compnay for the year 2022 10-k form found on sec.com.edgar answer these questions
Financial Accounting Case Requirements
For this project, you will be analyzing the financial statements (contained in the Form 10-K) of a company. You will draw conclusions about the overall health of the company. Your project will culminate in a written paper that details your analysis.
Instructions for finding a Form 10-K
You will need to locate a company's Form 10-K, which is the annual report that publicly-held companies file with the Securities & Exchange Commission (SEC). The Form 10-K is usually quite long, exceeding 100 pages in most cases.
The first thing you need to do is find a recent 10-K for a publicly-held company in which you are interested.
To find a Form 10-K, go to http://www.sec.gov/edgar.shtml#.VOhw6vnF9mX. If you know what company you are interested in, you might also be able to go to that company's Investor Relations website and locate its Form 10-K there. You can also view a short video about how to locate a Form 10-K on the SEC EDGAR site; you can view that video at http://youtu.be/MPgvGua9- RM.
Company Criteria
Select a company to study. The company selected must meet all of the following criteria:
Must be a publicly-held corporation traded on the NYSE or NASDAQ
Must have receivables (trade receivables, accounts receivable, etc.) on the balance sheet
Must have inventory on the balance sheet
Headquartered in the United States
Form 10-K must be from 2022 (or 2021 if 2022 is not yet filed)
Must not be in bankruptcy
Be sure to obtain the Form 10-K for the company selected and make sure each criterion is met prior to making your company selection.
Post the names of your selected companies on the Blackboard discussion board
Post the name of you company on the discussion board on Blackboard. No company can be selected by more than one person - so check the discussion board postings before making your posting. First come, first serve, so the sooner you do this, the better chance that you will get your selection choice. Post your company on the discussion board no later than February 27, 2023.
When you post your company, please be sure to post the company's formal name and ticker symbol. Be sure that your company meets the listed criteria - your overall project grade will be negatively impacted if a company you post does not meet the criteria - and you will need to choose a new company that does meet the criteria.
Check the discussion board to be sure that your company selection has been approved. To see if the company selection has been approved, please go to the discussion board where you posted your initial choices. If you need to select a different company, please post your new selection on the discussion board in Blackboard.
General Writing Instructions
Your source documents for the information you will be using for this project will primarily be your companys Form 10-K. To follow are a list of questions and other requirements. You are to use the Form 10-K for your company to answer the questions.
Write your answers in paragraph form (do not use bullet points). Use headings to separate each section. You may want to use tables for numbers (i.e., ratio presentations). Please use proper English, grammar, and spelling.
Written paper rubric
The following grading rubric will be used to evaluate your written paper.
Structure
Outstanding
Paper is well organized and flows well. Written in complete paragraphs. Appropriate use of headings. Seamless integration of company information.
Paper indicates a thorough understanding and analysis of GAAP accounting concepts.
Industry description identifies key opportunities and risks; evaluation of ratios is in-depth and shows rich understanding of underlying concepts.
No spelling, grammar, or punctuation errors. Tone of the writing is professional and appropriate for business.
All requirements and deadlines were met. All questions were answered in entirety. Paper is within page limit. Group members worked well together, producing a cohesive result.
Above average
Paper is fairly well organized with mostly complete paragraphs. Can follow the organization flow of the paper. Company information is integrated, although some information is not aligned.
Paper indicates a good understanding and analysis of GAAP accounting concepts.
Industry description identifies most key opportunities and risks; evaluation of ratios is mostly in- depth and shows understanding of underlying concepts.
A few typos, grammatical, or spelling errors are found, but less than five in total. Tone is mostly professional.
All requirements, deadlines, questions, and page limits were met except for one minor miss. Group members worked fairly well together, producing a cohesive result.
Average
Paper is average in terms of organization. Appears to simply be responses to questions, transitions are lacking a bit. Some differences in analyses are visible.
Understanding and analysis of GAAP accounting concepts appears to be average.
Industry description identifies some key opportunities and risks; evaluation of ratios is at a basic level and shows some understanding of underlying concepts.
Less than five typos, grammatical, or spelling errors in total but tone is too casual.
All requirements, deadlines, questions, and page limits were met except for two minor misses. One or two group issues were experienced, but a mostly cohesive product resulted.
Needs work
Questions are answered, mostly in bullet format. Paper appears to be a list of answers. Few headings for organization; somewhat difficult to follow. Coverage of companies differs.
Analysis needs more depth; understanding of GAAP accounting concepts is not clear.
Industry description identifies a few opportunities and risks; evaluation of ratios is at a basic level. Some ratios are missing or interpreted incorrectly.
5 - 10 spelling or grammar errors; tone is not appropriate in a few places.
Missed a deadline, did not answer one or two questions, or paper exceeds page limit count. The resulting product showed evidence of group issues due to its lack of cohesiveness.
Below expectations
Paper is not organized and lacks headings. Hard to follow structure. Analyses of companies varies widely throughout paper.
Paper does not indicate an understanding of GAAP accounting concepts.
Industry description is missing or is superficial; evaluation of ratios is lacking. Many ratios are missing or interpreted incorrectly.
Several spelling, grammatical, or punctuation errors throughout the paper and/or tone is entirely inappropriate.
Paper was late; several questions were skipped; or paper either exceeds or does not make paper page limits. Group members were not able to work together cohesively.
Concepts
Evaluation
Spelling, grammar, tone
Basics
Industry and company overview
Write a 200 to 400 word paragraph including general facts about the industry in which your company operates. Also summarize the company you selected (in your own words) from reading the Form 10-K. Each company description should be 200 to 300 words in length. Do not copy and paste information; put the information in your own words.
Cash
1. On what financial statement(s) do you find "Cash and cash equivalents" (or similarly-named account)? On what page number are these financial statements?
2. How much cash does the company have at the end of each of the most recent three years?
3. Comparing the most current two years in the financial statements, has the company's cash increased or decreased?
Receivables
1. Look in the Notes to the Financial Statements. What type of receivables does this company have?
2. Imagine that this company makes a sale of its product. Describe a possible sales transaction and list the journal entry
that the company would make to recognize the sale (assume the sale is on account.) For this assignment, ignore the cost
of goods sold entry.
3. What do you know about the company's Allowance for Uncollectible Accounts? What name does the company call its
allowance? Where in your company's 10-K do you find this information?
4. What is the gross amount of the company's receivables? What percentage of this gross is its allowance?
Inventory
1. On which financial statement do you find Inventory? List the page number from the most recent Form 10-K where you found Inventory for your company. How much does the company have in Inventory at the end of the most recent fiscal year? Is this inventory dollar amount in thousands, millions, or billions?
2. On which financial statement do you find Cost of goods sold (or Cost of sales)? List the page number from the most recent Form 10-K where you found Cost of goods sold for your company. What was Cost of Goods Sold for the most recent year? Is this Cost of Goods Sold dollar amount in thousands, millions, or billions?
3. What cost flow assumption method(s) does the company use for its inventories? Where did you find this information?
4. What do you know about the lower of cost or market related to inventories at the company?
Property, Plant and Equipment
1. On which financial statement do you find Property, Plant and Equipment? List the page number from the most recent Form 10-K where you find PP&E for your company. What account title does your company use for its PP&E? What types of Property, Plant and Equipment are listed on the financial statement? How much does the company have in PP&E at the end of the most recent fiscal year? In Accumulated Depreciation?
2. Now refer to the notes to the financial statements. Locate the notes that are related to PP&E. What specific categories or types of PP&E does the company have? (Usually in the notes to the financial statements, more information is given than provided on the face of the financial statements.)
3. What depreciation method(s) does the company use?
4. Over what range of useful lives does the company depreciate its various types of plant assets?
5. What type of intangible assets (if any) does the company have? How does it account for each of these intangible assets
over the asset's life?
Long-term liabilities
1. On which financial statement do you find long-term liabilities? List the page number from the most recent Form 10-K where you found long-term liabilities for your company. What types of long-term liabilities does the company have?
2. What information is provided in the notes to the financial statement with respect to the company's long-term liabilities? Give a summary; you do not need to go into depth.
Stockholders' equity
1. Locate the stockholders' equity section on the balance sheet. List the page number from the most recent Form 10-K where you found it.
2. Describe the type(s) of stock that the company has authorized and/or issued. How many shares of each type of stock has the company issued as of its most recent balance sheet date? How many shares of each type of stock are outstanding as of the most recent balance sheet date? Are these numbers in thousands or millions or billions?
3. Now locate the statement of stockholders' equity. List the page number from the most recent Form 10-K where you found it. What is the title of this statement for the company? How many shares (if any) did the company purchase during the most recent year? What was the cost of the treasury stock? How much per share?
4. Did the company issue any new shares of stock during the most recent year? How many shares? How much did it receive for the stock issuance?
5. Did the company declare any dividends in the most recent year? What type of dividends? What was the dollar value of the dividends declared?
6. Calculate the return on equity for the company for the most recent year.
Auditor's letter
1. Give an example of an internal control that this company may have in place in some part of the organization. (You can use your imagination.) Be specific; discuss the department, the process, and any other details you could imagine about this internal control process in place at the company.
2. Locate the auditor's report on internal controls. Does the auditor think that the company's system of internal controls is adequate? Summarize the report in a paragraph. Do not copy and paste exact words; put it in your own words.
Ratio analysis
Calculate and interpret the following ratios and measures.
1. Measuring ability to pay current liabilities (Liquidity analysis): Calculate the current ratio and the quick ratio the company for the latest year presented. How easily can the company meet their current obligations?
2. Measuring turnover and cash conversion cycle: Evaluate the ability to sell inventory, collect receivables, and manage payments. (Note:You will need to use some balance sheet balances from three years, even though the balance sheet only includes two years of balances. To find one year earlier than the two years presented on the balance sheet, find the Form 10-K for the earlier year.)
3. Measuring leverage (overall ability to pay debts): Calculate the debt ratio and the times-interest-earned ratio for the latest year presented. How easily can the company meet its long-term obligations?
4. Measuring profitability:
Calculate or list the following ratios for the latest year presented: Gross margin ratio, Operating income ratio,
and Earnings per share. How profitable is the company?
Calculate Return on Assets for the two most recent years. What is the trend? (Note:You will need to use some
balance sheet balances from three years, even though the balance sheet only includes two years of balances. To
find one year earlier than the two years presented on the balance sheet, find the Form 10-K for the earlier year.)
5. Analyzing stock as an investment: Calculate the following ratios for the latest year presented: Price-earnings ratio and
dividend yield ratio. How does the stock market view the companys future earnings potential?
Corporate social responsibility (CSR)
To evaluate and compare your company's corporate social responsibility (CSR) performance, you will have to use information from sources other than the companys Form 10-Ks. CSR reporting is not uniform, so you will have to closely analyze what you do find.
1. Look through the Form 10-k for the terms "corporate social responsibility," "green," "sustainability," or other similar heading. If you cannot find any information in the Form 10-k (which is entirely possible,) go to the company's website and look for information there. Also evaluate recent news articles regarding CSR topics for your company. Summarize your findings.
2. Describe the information source you are using. How reliable do you think the CSR information you have is? Explain your opinion of the information reliability.
3. Perform an online search for CSR issues in the industry in which your company operates. Does the company appear to be addressing the sustainability issues in its industry? Explain.
4. What is your overall sense of the company's commitment to sustainability from everything you have evaluated?
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