...Costco Wholesale Corporation: Annual Report 2012 Costco’s Annual Report 2012 opens with a description of the corporation’s history of ownership, its subsidiaries, and locations. It also identifies that the company is traded on the NASDAQ under the symbol “COST” (Costco Wholesale Corporation). At the very beginning of the Costco’s 2012 annual report, a financial highlights page which bar-charts depict its performance over five progressive years from 2008 to 2012 in the following categories: Warehouses in Operation; Net Sales; Net Income; Comparable Sales Growth; Membership; Average Sales per Warehouse; and Selling, General and Administrative Expenses which were clearly marked with any variances to the data being compared. The bar charts provided a basis for accounting analysis by depicting intracompany basis of comparison from one year to the next, and using a horizontal analysis approach. An “intracompany” basis of analysis compares an item or financial relationship within a company; a “horizontal analysis,” also called “trend analysis” is a way of evaluating a series of financial statement data over a period of time, with a purpose of determining changes in a company’s financial performance (Weygandt, Kimmel, & Kieso, 2009). Utilizing a means of comparative analysis is essential and significant in analyzing a company’s solvency, liquidity, and profitability. It assists a company’s internal and external stakeholders; its customers, employees; or the government to assess...
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...Assignment 1: Annual Report Project Due Week 8 and worth 20 points The purpose of a corporate annual report is to communicate to stockholders and other interested parties its financial statements. The annual report is a summary of the corporation’s operations over the previous 12-month time period and states the corporation’s plans for the future. Many annual reports are created to resemble a corporate brochure, using lots of pictures, color, charts, and graphs. Despite the fancy look, the main purpose of the report is to provide the year’s financial data, which comes from the corporation’s accounting system. Instructions: Obtain a current annual report for any U.S. company you are interested in analyzing. Each student must choose a different company to analyze; therefore students must receive approval of the selected company from the professor by Week 5 of the class. Write a 2-3 page paper in which you: 1. Identify and explain the main sections of the annual report. 2. Discuss the key factors that influenced the company’s financial performance during the year. 3. Discuss the primary assets held by the company. 4. Explain how management characterizes the internal control environment of the company. Your assignment must: * Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. *...
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...Annual Report Project ACC 100 August 20, 2011 GameStop, Fiscal Year 2010 The main sections of the GameStop’s annual report are the Business, Risk Factors, and Properties. Market for Registrant’s Common Equity, Related, Stockholder Matters and Issuer Purchases of Equity Securities is a main section of the annual report as well. Selected Financial data is also another main section of the annual report. The business section describes the company which is GameStop. GameStop is the world's largest multichannel retailer of video game products and PC entertainment software. We sell new and used video game hardware, video game software and accessories, as well as PC entertainment software and other merchandise. The Risk Factors section tells the stockholders the high degree of risk there is when investing in GameStop. Below are a few risk factors for GameStop Stockholders: • We depend upon our key personnel and they would be difficult to replace. • We depend upon the timely delivery of products. • We depend upon third parties to develop products and software. • Our ability to obtain favorable terms from our suppliers may impact our financial results. • If our vendors fail to provide marketing and merchandising support at historical levels, our sales and earnings could be negatively impacted. • The electronic game industry is cyclical, which could cause significant fluctuation in our earnings. • Pressure from our competitors may force us to reduce our...
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...Target Corp. is a well-known, nation-wide corporation that will soon been expanding internationally. Target’s goal is to provide exceptional quality merchandise and fresh foods for affordable prices. Their “Expect more. Pay less.” slogan goes far beyond just purchasing in store and online. Target provides exceptional service to their customers, whom they call “guests”, and provides benefits such as quarterly dividends to their stockholders. In the fiscal year, 2010, Target opened 13 new stores and of these new stores, 10 were in new locations. It is Target’s goal to create a convenient shopping experience across the U.S. In addition, Target Corp also supports strong corporate governance. Many of the corporate policies and practices that guide Target’s company were initialized more than 50 years ago when the Dayton brothers were the company’s leaders, however, the board of directors does recognize that policies and procedures must continually evolve to keep the business strong. There are three core elements to Target’s approach to governance: a highly independent and engaged Board of Directors, a management team whose interests are aligned with shareholders, and mechanisms that provide accountability to shareholders. The substantial majority of the Board of Directors is independent. Candidates are selected on several different basis, including: a history of success in their field, a relevant background in regards to business needs, and how well their skills and background...
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...The Business Environment Abstract Business is the economy and the livelihood for living. There are five key dimension of business environment. For-profit and nonprofit organizations are businesses with two different objectives. Fiscal and monetary policies have been on a rollercoaster ride for the past several years. When will Americans get another tax break? Lately the impact of these polices have affected all working Americans and the economy as a whole. Global marketing is as accessible as going to your local grocery store. Ever wonder where that cool toy was manufactured. How much did it cost to produce? Organizations take on social responsibilities that impact schools, colleges, communities, workers, families, citizens, and churches. The Business Environment Business in the Economy Business is the heart beat of the economy. The role of business is the economy. With out small and larger businesses the economy wouldn’t exist. Business in the economy is the circle of life. Businesses promote growth; provide jobs for citizen who intern feed the economy with their earnings. When an individual spends supporting other business the boomerang effect takes place. Businesses pay government taxes which allow the government to support the common good of the people. Businesses also tend to make charitable donations to offset some of the tax burden; this is another means of affecting the common good of society. The...
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...Annual Report Project – USAA An annual report is an audited corporate document that details the business activity and financial status of an individual company over the previous year. The key elements of an annual report are contained in its financial information. Within the financial information you’ll find the financial statements and Notes to Financial Statements. Include in this section is the Income Statement, Cash Flow Statement and Balance Sheet. These statements provide detailed figures of the actual financial performance of the company for the previous year. Other financial information included in this section is the Portfolio of Investments, Notes to Portfolio of Investments, and Distribution to Shareholders. Another key component in an annual report is the Manager’s commentary– which is the managerial analysis and breakdown of the financial results and other factors that impact the company’s operations. This information is accompanied by the Auditor’s report which informs you whether the numbers are accurate and whether you should have any concerns about the future operations of the business. Different factors were influential of how USAA performed during the 2011 period. The primary factor was the market conditions during the period. The year started well, as U.S. markets gained through February, but the combination of the Fukushima earthquake in Japan and political uprisings across North Africa halted the rise in equity prices. In August, volatility spiked and...
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...and make huge investments. The company focused on the customer’s needs, demands, and desires, this increased focus will have an impact over years to come. The world is changing on a daily basis and GM is striving to meet the needs of the consumers. The goal for the future is to keep making improvements on things such as design and innovation. Annual Report These initiatives are explained further in the company’s annual report. The annual report is a way for shareholders to receive important documents and information about the business. This report includes research and development, marketing information, financial reports, and subsidiary activity for all new future plans. Each company is required to send an annual report to the shareholders to keep them abreast of the company’s current status and future goals. The most important rule is the proxy, which companies post to their homepage and the regular annual report. This report is on the Form 10-k that contains all of the company’s financial information and statements and provide the shareholders with most accurate details for the business. The annual report plays a major role in any business and it’s up to the company to make it a success. 4G LTE Initiative One of the initiatives that GMC is working toward is the proliferation of their 4G LTE technology in China. 4G LTE is a Wi-Fi transmitter that has been built into the car which will allow up to 7 devices to be connected. Because of its popularity...
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...THE CORPORATE ANNUAL REPORT: A BUSINESS APPLICATION 2cd edition Complete the following before you submit your assignment. This step is required to validate your compliance with sections 107 or 108 of the 1976 United States Copyright Act. 1. Remove the front cover of the workbook and identify: * Name: Oskar Diaz de Leon _. * Term: Spring1 2010 . * Company: Apple Computer Inc (AAPL) _ . * Instructor: Natasha Bell-Scott _ . 2. Print out your completed electronic template. 3. Attach the following: * This front cover (completed) * Electronic solution template * Company annual report Chapter 1 - Introduction * Chapter 1: Select a Company and Gather Documents—Question 1Fill in the page numbers on the annual report where the following are located. | Required information for this workbook project. | Page No. | Required information for this workbook project. | Page No. | Financial Highlights (Not absolutely necessary, but very common in annual reports.) | 36 | Statement of Cash Flows | 59 | Chairman’s Message (President’s, CEO’s or other top official’s message or letter to the shareholders) | 36 | Notes to Financial Statements | 60 | Management’s Discussion and Analysis (MD&A) | 36 | Report of Independent...
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...BUS 591 Entire Course For more classes visit www.indigohelp.com BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). BUS 591 Week 1 DQ 2 Annual Reports BUS 591 Week 1 Homework Problems BUS 591 Week 2 DQ 1 Debits and Credits BUS 591 Week 2 DQ 2 Revenue & Expense BUS 591 Week 2 Homework Problems BUS 591 Week 3 DQ 1 Perpetual Inventory System BUS 591 Week 3 DQ 2 Inventory Valuation Methods BUS 591 Week 3 Homework Problems BUS 591 Week 4 DQ 1 Why do I need accounting BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002 ............................................................................................................................ BUS 591 Week 1 DQ 2 Annual Reports For more classes visit www.indigohelp.com Annual Reports. Visit the website for Tootsie Roll (www.tootsie.com). Click on “Company Information” then “Financial Information”. Open the latest annual report and review it to find the answers to the following questions: § What are Tootsie Roll’s corporate principles? Do you agree with these principles, or do you feel there are additional principles that should be included? What was the total amount of Tootsie Roll’s assets for the most current year available? § What was the total amount of Tootsie Roll’s liabilities for the most current year available? § What is the amount of the difference between Tootsie Roll’s assets and liabilities? What is this...
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...Lockheed Martin mentions about its disclosure policy under the section of Management’s Discussion and Analysis of Financial Condition and Results of Operation in its Annual Report. It has a number of programs that are designated as classified by the U.S. Government. Such classified programs are consequently not specifically described in the Annual Report. Instead, they are implicitly included in the consolidated business segment results. * General Analysis of the 2012 Annual Report The Annual Report shows the financial data based on customer category. It is shown that in 2012, the total net sales to the U.S. Government accounted for more than 82% of Lockheed Martin’s total net sales. This figure shows the dependence of Lockheed Martin with the U.S. Government. It also shows the amount of money that the U.S. government spent for the purchase of military weapon and equipment from Lockheed Martin in 2012. The Annual Report also shows the financial data based on business segments. It only states the figures for the net sales, operating profit, intersegment sales, depreciation & amortization and capital expenditure of each business segment. There is no specific information elaborating on the proportion of expenditures for Research and Development. Since Lockheed Martin is working on a number of classified projects with the U.S. Government, it is assumed that some figures for Research and Development expenditures are...
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...Research and Analysis Project for B.sc (Hons) In Applied Accounting Business and Financial Performance Of GlaxoSmithKline Pakistan Ltd (2007- 2009) XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXX Prepared by Faisal Saleem XXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXX Mentoring by Fahim Ahmed This project is prepared in accordance with Oxford Brookes University guidelines. Table of Contents Topic & Company selection------------------------------------------------------------------------------3 About GlaxoSmithKline------------------------------------------------------------------------------------4 Overview of the Pharmaceutical Industry-------------------------------------------------------------5 Research Aims and Objectives--------------------------------------------------------------------------7 Information Gathering--------------------------------------------------------------------------------------8 Techniques used in RAP--------------------------------------------------------------------------------10 Limitations in RAP and Ethical issues----------------------------------------------------------------11 Financial Analysis-----------------------------------------------------------------------------------------12 Revenue trend Analysis----------------------------------------------------------------------------------12 Profitability and...
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...“Watch the cash flow”-Herbert S Bailey “Unbelievable, shocking, it is not possible!” These are the words of Mohd. Huda a prospective shareholder of RAK properties, while reviewing the annual reports of the company. Although Mohd Huda is an engineer in Dubai based trading company but his interest in stock market and his urge to multiply his hard earned money has made him go through the annual reports of the companies, he wants to invest his money into. “How it can happen?” Still grumbling..while looking at the result of the cash flow statements after reviewing the Income statement of the company. “A difference of AED 341,077,000, the income statement profit is AED 170,085,000 On the contrary the cash from operating Activities (AED170,992,000) has the equal number in negative”. RAK Properties RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company established to implement the emirate’s plans to promote real estate, tourism and leisure facilities in RAK and invest in interesting projects. It is intended that its activities will encourage economic growth in the UAE in general and Ras Al Khaimah in particular. The company launched its first project, Julfar Towers – a 45-storied twin office and residential project at a cost of AED 500 million – in February 2006 followed by Mina Al Arab – spread over 43 million sq. feet at a cost of AED 10 Billion – in May 2006. It also launched RAK Tower in Abu Dhabi...
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...Fertilizer Bin Qasim Limited Financial Analysis Report Period coverage: 1st January 2012 to 31st December 2012 Prepared and Presented by: Dr. Babur Zahiruddin Raza, Corporate Office Consultant in Human Resources & Master Trainer in H.R Applications Research Consultant Mr. J. S Khan IT Consultant Mr. Raheel Rustam Ph: 051-5584905, 5792836 Cell: 0332 – 4923235 Email: baburzahiruddin@yahoo.com, TABLE OF CONTENTS SR no | Description | Page no | 1 | Financial analysis approach ----------------------------------------------- | 3 | 2 | Analytical review --------------------------------------------------------- | 4 | 3 | Key discussion points for AGM ---------------------------------------- | 8 | | | | | | | | | | | | | | | | 1. FINANCIAL ANALYSIS APPROACH I have adopted following approach to perform holistic and integrated financial analysis of Fauji Fertilizer Bin Qasim Limited-FFBL Environmental analysis Industry analysis Operational review of FFBL Financial analysis The under mentioned documents are essential to perform comprehensive analysis of financial position, performance and cash position. 1. Business plan-Year 2013 to 2015 2. Approved budget-Year 2013 to 2015 3. Annual report of Year 2012 4. Audited financial statements-Year 2012 5. Internal audit charter / Terms of reference for internal audit 6. Internal audit reports 7. Audit engagement letters 8. Management...
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...financial statement analysis. This project will expose the students to apply the analysis using actual data which is relevant information obtained from the companies’ annual report. In conducting the case study, students are expected to be able to critically analyse, evaluate and provide detail discussion in their report on the performance of the companies that they have selected. Students can refer to the following instructions as a guide in conducting the case study: 1. Students need to download annual reports for a public listed company of their selection. The company selected must be from the Trading or Manufacturing sector and the annual reports should cover either from the year 2009 to 2011 or from year 2010 to 2012. 2. Based on the annual reports, you are required to do a complete financial statement analysis of the company. i. Calculate the following ratios: 1. Liquidity ratios – 4 ratios 2. Profitability ratios – 7 ratios 3. Solvency ratios – 2 ratios ii. Provide trend analysis (where possible) iii. Provide comparison on intra company & industry average bases (if the information is available) 3. Explain the significance of these ratios, trend analysis & comparison on intra company & industry average bases. 4. In a situation where your parents are considering investing on the company that you have selected in your study, provide in your report a discussion on other information...
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...498 Financial Analysis Project Guidelines and Rubric To complete the Financial Analysis Project, you will use the text Analyzing and Understanding Annual Reports. You are permitted (and it is suggested) to work in teams for this project if you choose to do so. Teams of 3-5 members are recommended. If you choose to work in teams, designate one member of your team to email the instructor all the names of the members of your team along with the name of the company you are selecting. Email your instructor no later than Thursday 11:59 PM EST/EDT of Module 1. The Financial Analysis Project is broken up so that you complete a part of it in each module: Module 1: Module 2: Module 3: Module 4: Module 5: Module 6: Module 7: Module 8: Part 1 (pp. 1-6 and 36-64) Part 2 (pp. 7-14) Part 3 (pp. 15-18) Part 4 (pp. 19-20) Part 5 (pp. 21-23) Part 6 (pp. 24-29) Part 7 (pp. 30-35) Final Financial Analysis Project This is the compiled financial analysis project. The final report should be no more than 10 pages in length (including cover and reference page(s), use 1” margins, and be typed in either Times New Roman or Arial 12-point font. Include tables and graphs as appropriate. Click Financial Statement Worksheet to download an Excel workbook that will assist you with your Financial Analysis Project. Note: If you are working in a team, every member of the team must submit to the Dropbox to get a grade. Submit each Financial Analysis Project Part to its Dropbox no...
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