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Accounting Program Overview: SEC 10K Report Project for ACCT 321

Accounting Program Overview: SEC 10K Report Project for ACCT 321

Author: l marshall

Accounting Program Overview: SEC 10K Report Project for ACCT 321In Cost Accounting, the SEC 10K project focuses on cost-related accounts and disclosures foundin the financial statements and disclosure of the SEC 10K Report of a manufacturingcorporation. Using knowledge learned in prior accounting courses, students compare andcontrast the SEC 10K Report of a manufacturing to a non-manufacturing corporation.ACCT 321: Cost Accounting//SEC 10K Project RequirementsSummary:This SEC 10-K project challenges students to review, analyze, and interpret financial statementsand disclosures of a corporation headquartered in the U.S. To simulate processes used bypracticing accountants, students present analyses and findings to the class and participate in apeer review process. The final deliverables include the following: a paper, spreadsheet, andpresentation file.Outcomes: Analyze, interpret, and prepare a report on a U.S. publicly traded manufacturingcorporation using its most current SEC 10K report.Competencies: Review components of SEC 10K Report, analyze financial statements, compareand contrast with SEC 10K Report of non-manufacturing corporation, and interpret results.Assessments: Assessments will include three documents: a paper, spreadsheet, and presentation.Process:1. Microsoft Word document:Copy and paste key financial statements into your word documentThey do not affect page countYou may find graphics in the SEC 10-K that illustrate topicsThese items will assist readers as they review your paper:Identify highlights of your financial analysis, and contrast to a nonmanufacturing (or manufacturing) corporation's financial statements using yourOWN WORDS.What do you learn about the company?What areas are changing and may be opportunities for cost control andimproved profitsPricing and Sales: how are sales changing? While the SEC 10-K may notreveal details (consider competitive advantage versus required disclosure)As sales change, how does gross profit and net income change?Vertical analysis, comparatively, from year to year, is helpfulEstimated length: five to seven (5-7) pages1 inch margins top & bottom; 1 to 1.25 inches on left & right sidesLine spacing: single spacing with double spacing between paragraphsFont size: 12 CPIFont style: Times New Roman2. FINAL Microsoft Excel spreadsheet:After reviewing and considering student feedback and making revisions if necessary onyour DRAFT spreadsheet, post the following:Company informationIncome StatementBalance SheetFinancial statement ratios related to accounts specific to cost accounting formanufacturing corporations. For example, ratios related to the three inventoryaccounts, calculation of cost of goods sold, different product line sales in relationto total sales, etc. Be creative and create meaningful cost accounting ratios toassist management’s decision making.Formulas must be embedded into the cells (preferable) or written beside thecells. 3. Microsoft Power Point presentationImagine that you are preparing slides to make a formal presentation to thesenior management team of the corporation on opportunities for the future.You may wish to add audio to the Power Point presentation file or providespeaker’s notes embedded into the file in the notes section.Prepare the following:1. Cover slide2. Brief description of corporation3. Financial statement ratios you created and computed4. Cost of goods sold calculation5. Comparison of profitability of various product lines6. Potential opportunities to control costs in particular product lines, departments, divisions,etc.7. Recommendations for sustaining existing product(s) lines based on cost analysis8. Recommendations for eliminating or transitioning existing product(s) lines based on costanalysis9. Recommendations for potential market opportunities10. Concluding thoughts (Would you recommend investment in this company?)Additional Guidance on preparing the 3 deliverables:1. The grading rubric found in the syllabus will be used to grade the deliverables.2. Take care to avoid academic dishonesty. Create, read, and edit your work. Explain thefinancial analysis you prepared in Excel, discuss relevant financial statement disclosure notes,and any other cost accounting-related information using your own words.3. Copying information from the Web and pasting it into LEO is plagiarism. Plagiarism ischeating. Papers, spreadsheets, and discussion postings and all submissions must complete withUMUC policies on this issue. Do not risk failure to comply.4. Resources needed to complete this project are the SEC 10-K report, weekly discussionquestions and your answers, and course content in LEO. Additional research beyond theseresources is optional.

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