Accounting Program Overview: SEC 10K Report Project for ACCT 321
In Cost Accounting, the SEC 10K project focuses on cost-related accounts and disclosures found in the financial statements and disclosure of the SEC 10K Report of a manufacturing corporation. Using knowledge learned in prior accounting courses, students compare and contrast the SEC 10K Report of a manufacturing to a non-manufacturing corporation.
ACCT 321: Cost Accounting//SEC 10K Project Requirements
This SEC 10-K project challenges students to review, analyze, and interpret financial statements and disclosures of a corporation headquartered in the U.S. To simulate processes used by practicing accountants, students present analyses and findings to the class and participate in a peer review process. The final deliverables include the following: a paper, spreadsheet, and presentation file.
Outcomes: Analyze, interpret, and prepare a report on a U.S. publicly traded manufacturing corporation using its most current SEC 10K report.
Competencies: Review components of SEC 10K Report, analyze financial statements, compare and contrast with SEC 10K Report of non-manufacturing corporation, and interpret results.
Assessments: Assessments will include three documents: a paper, spreadsheet, and presentation.
1. Microsoft Word document:
Copy and paste key financial statements into your word document
They do not affect page count
You may find graphics in the SEC 10-K that illustrate topics
These items will assist readers as they review your paper:
Identify highlights of your financial analysis, and contrast to a non-manufacturing (or manufacturing) corporation's financial statements using your OWN WORDS.
What do you learn about the company?
What areas are changing and may be opportunities for cost control and improved profits
Pricing and Sales: how are sales changing? While the SEC 10-K may not reveal 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 helpful
Estimated length: five to seven (5-7) pages
1 inch margins top & bottom; 1 to 1.25 inches on left & right sides
Line spacing: single spacing with double spacing between paragraphs
Font size: 12 CPI
Font style: Times New Roman
2. FINAL Microsoft Excel spreadsheet:
After reviewing and considering student feedback and making revisions if necessary on your DRAFT spreadsheet, post the following:
Financial statement ratios related to accounts specific to cost accounting for manufacturing corporations. For example, ratios related to the three inventory accounts, calculation of cost of goods sold, different product line sales in relation to total sales, etc. Be creative and create meaningful cost accounting ratios to assist management’s decision making.
Formulas must be embedded into the cells (preferable) or written beside the cells.
3. Microsoft Power Point presentation
Imagine that you are preparing slides to make a formal presentation to the senior management team of the corporation on opportunities for the future.
You may wish to add audio to the Power Point presentation file or provide speaker’s notes embedded into the file in the notes section.
Prepare the following: