Instructions Financial Accounting Reading (Required) http://www.baruch.cuny.edu/tutorials/statements/ The attached file 2016 week 2 Example Southwest Airlines The Southwest example is included to show what can be learned from Financial statements.  You will not use that format  for your answers to this assignment.  Per the assignment guidelines, all calculations must be shown in an Excel file..  Your responses should show that you have read and understood the required readings, links and attached files - Provide appropriate citations and references.  Individual Assignment (8%): You should answer all of the questions listed below as they relate to the financial statements of any U.S. public company of your choice in its latest annual report. Please use the Securities and Exchange Commission web site as your primary source for financial statements.  All publicly traded U S companies have their annual reports called the 10-K available through the Securities and Exchange Commission web site.   http://www.sec.gov/ Instructions for use of the site are as follows:  About half way down the home page is a box titled Search EDGAR, free access to over 21 million filings.  Enter the company name or ticker symbol.  That brings up a page called EDGAR Search Results.  In the line "filter results"  enter "10-K" in filing type and hit search.  That will bring up recent company annual reports. Note: You have a choice of "Documents" or "Interactive Data." Both contain all the information.  "Interactive Data" uses Excel and provides the best access to information for questions 1, 2, and 3. "Documents"  provides information that is easy to read for questions 4 through 8.  After you click on Documents, click on the red letters and numbers to the right of the "10-K" heading. Also you can find the financial statements of any U.S. public company by visiting Morningstar, Yahoo Finance or MSN Money, and using the stock market symbol for your chosen company (which can be looked up on Morningstar, Yahoo Finance or MSN Money).  Please be aware that sometimes these services omit some numbers in order to fit their preferred formats. Many companies have links to the Annual Report as filed with the SEC.  It can be found on the Investor relations page of the company web site.  If you work for a U.S. public company, you may want to use the financial statements of your company - but the choice is up to you. 1) What 3 items of important information does the income statement reveal about the financial performance of the company over the last three years?  2) What 3 items of important information does the balance sheet reveal about the financial position of the company over the last two years?  3) Can you identify the major sources of funding used by the company from the information presented in the company's annual report?  Please look at the Statement of Cash Flows, formerly called the Source and Uses of Funds Statement. 4) Who is responsible for:       ...

1. Instructions
Financial Accounting
Reading (Required)
http://www.baruch.cuny.edu/tutorials/statements/
The attached file 2016 week 2 Example Southwest Airlines
The Southwest example is included to show what can be learned
from Financial statements. You will not use that format for
your answers to this assignment. Per the assignment guidelines,
all calculations must be shown in an Excel file.. Your
responses should show that you have read and understood the
required readings, links and attached files - Provide appropriate
citations and references.
Individual Assignment (8%):
You should answer all of the questions listed below as they
relate to the financial statements of any U.S. public company of
your choice in its latest annual report. Please use the Securities
and Exchange Commission web site as your primary source for
financial statements. All publicly traded U S companies have
their annual reports called the 10-K available through the
Securities and Exchange Commission web site.
http://www.sec.gov/

2. Instructions for use of the site are as follows: About half way
down the home page is a box titled Search EDGAR, free access
to over 21 million filings. Enter the company name or ticker
symbol. That brings up a page called EDGAR Search Results.
In the line "filter results" enter "10-K" in filing type and hit
search. That will bring up recent company annual reports.
Note: You have a choice of "Documents" or "Interactive Data."
Both contain all the information. "Interactive Data" uses Excel
and provides the best access to information for questions 1, 2,
and 3. "Documents" provides information that is easy to read
for questions 4 through 8. After you click on Documents, click
on the red letters and numbers to the right of the "10-K"
heading.
Also you can find the financial statements of any U.S. public
company by visiting Morningstar, Yahoo Finance or MSN
Money, and using the stock market symbol for your chosen
company (which can be looked up on Morningstar, Yahoo
Finance or MSN Money). Please be aware that sometimes these
services omit some numbers in order to fit their preferred
formats. Many companies have links to the Annual Report as
filed with the SEC. It can be found on the Investor relations
page of the company web site.
If you work for a U.S. public company, you may want to use the
financial statements of your company - but the choice is up to
you.
1) What 3 items of important information does the income
statement reveal about the financial performance of the
company over the last three years?

3. 2) What 3 items of important information does the balance sheet
reveal about the financial position of the company over the last
two years?
3) Can you identify the major sources of funding used by the
company from the information presented in the company's
annual report? Please look at the Statement of Cash Flows,
formerly called the Source and Uses of Funds Statement.
4) Who is responsible for:
a) the issuance, and
b) the content
of the company financial statements? (Note: this information
may be difficult to find. Look for statements by management
and the independent auditing firm.)
5) What assurance, if any, is there that the financial statements
are in compliance with GAAP, and are free of material
misstatements?
6) Of what use, if any, are the notes to the financial statements?
Give an example of something learned from the footnotes of
your company.
7) What can you learn from the Business Section of the 10-K?
Give two facts learn from reading this section.
8) What can you learn from the Management Discussion and
Analysis of Financial Condition and Results of Operations
(MD&A)? Give two facts learned from reading this section.

4. *************
Post in your individual assignment folder by the due date. .
Quantitative analysis tied to the financial statement concepts
will add value to your work.
The Power Point (Financial Statements R-2.ppt) should be very
helpful. It is below
*************
Attachments
2016 week 2 Example Southwest Airlines.doc
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