Accounting 202 – Financial Statement Project Objective: The project is meant to show your ability to analyze financial statements of selected companies in depth on a particular accounting method or standard. Submission: Hard copy submission is due the week before the final or sooner and will consist of: · A two or three page report consisting of: · A opening summary bullet pointing the names of the companies selected, the topic, the chapter number and the ASC reference number · An in-depth analysis of the topic comparing and contrasting the application of the accounting standard by each company. For example, if Inventory was selected you should identify which method such as FIFO, LIFO etc. was used by each company, explain in depth, citing the ASC, what the methodology is and why that particular method was selected, and the impact on the financial statements that such selection had. · Copies of the financial statements for both companies and applicable financial statement footnotes (Do NOT submit the full 10-K filing which is far too voluminous) · A copy of the first page of the applicable ASC · Sign off by Professor Eileen Walker Research Data and Organization: · Select two companies in a similar industry, for example Ford and General Motors or Walmart and Target. · Use the SEC.GOV website to access their latest 10-K filing. You will need the Balance Sheet, Income Statement, Statement of Cash Flows, Statement of Equity and Note 1 which summarizes the key accounting policies. · After reading the financial statements, select a topic which we have or will cover this semester and which figure prominently on the financial statements of each company. · Obtain the accounting standard (ASC) that applies to the topic. Miscellaneous: · Submissions will not be accepted after class ends the week before the final · Organization and clarity of submission counts .

1. Accounting 202 – Financial Statement Project
Objective:
The project is meant to show your ability to analyze financial
statements of selected companies in depth on a particular
accounting method or standard.
Submission:
Hard copy submission is due the week before the final or
sooner and will consist of:
· A two or three page report consisting of:
· A opening summary bullet pointing the names of the
companies selected, the topic, the chapter number and the ASC
reference number
· An in-depth analysis of the topic comparing and contrasting
the application of the accounting standard by each company.
For example, if Inventory was selected you should identify
which method such as FIFO, LIFO etc. was used by each
company, explain in depth, citing the ASC, what the
methodology is and why that particular method was selected,
and the impact on the financial statements that such selection
had.
· Copies of the financial statements for both companies and
applicable financial statement footnotes (Do NOT submit the
full 10-K filing which is far too voluminous)
· A copy of the first page of the applicable ASC
· Sign off by Professor Eileen Walker
Research Data and Organization:
· Select two companies in a similar industry, for example Ford
and General Motors or Walmart and Target.
· Use the SEC.GOV website to access their latest 10-K filing.
You will need the Balance Sheet, Income Statement, Statement
of Cash Flows, Statement of Equity and Note 1 which

2. summarizes the key accounting policies.
· After reading the financial statements, select a topic which we
have or will cover this semester and which figure prominently
on the financial statements of each company.
· Obtain the accounting standard (ASC) that applies to the topic.
Miscellaneous:
· Submissions will not be accepted after class ends the week
before the final
· Organization and clarity of submission counts