Wk5 Signature Assignment – Business Proposal

Wk5 Signature Assignment – Business Proposal

Wk5 Signature Assignment – Business Proposal

Assignment Content

  1. You have been recognized as an expert on financial analysis. As such, you have been hired to conduct a review of a company’s latest consolidated financial statement and make recommendations to leadership based upon your findings.

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    Select a consolidated financial statement from your research in Week 4.

    Write a 1,050- to 1,400-word proposal in which you:

    • Analyze the consolidated financial statement selected.
    • Recommend specific actions to leadership based on your findings.
    • Cite 3 peer-reviewed, scholarly, or similar references to support your paper.

      Format your assignment according to APA guidelines.

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    BibliU-Print-97811194947991.pdf

    1187326 – Wiley US ©

    Appendix A

    Specimen Financial Statements: Apple Inc. Once each year, a corporation communicates to its stockholders and other interested parties by issuing a complete set of audited financial statements. The annual report, as this communication is called, summarizes the financial results of the company’s operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures of corporate officers and directors as well as photos and descriptions of new products and new buildings. Yet the basic function of every annual report is to report financial information, almost all of which is a product of the corporation’s accounting system.

    The content and organization of corporate annual reports have become fairly standardized. Excluding the public relations part of the report (pictures, products, etc.), the following are the traditional financial portions of the annual report:

    Financial Highlights

    Letter to the Stockholders

    Management’s Discussion and Analysis

    Financial Statements

    Notes to the Financial Statements

    Management’s Responsibility for Financial Reporting

    Management’s Report on Internal Control over Financial Reporting

    Report of Independent Registered Public Accounting Firm

    Selected Financial Data

    The official SEC filing of the annual report is called a Form 10-K, which often omits the public relations pieces found in most standard annual reports. On the following pages, we present Apple Inc.’s financial statements taken from the company’s 2017 Form 10-K. The complete Form 10-K, including notes to the financial statements, is available at the company’s website.

     

     

    1187326 – Wiley US ©

     

     

    1187326 – Wiley US ©

     

     

    1187326 – Wiley US ©

     

     

    1187326 – Wiley US ©

     

     

    1187326 – Wiley US ©

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    FinancialReportingProblem.docx

    Financial Reporting Problem: Apple Inc.CT7.1 The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to its financial statements, is available at the company’s website.

    Instructions

    Using the financial statements and reports, answer these questions about Apple’s internal controls and cash.

    a. What comments, if any, are made about cash in the “Report of Independent Registered Public Accounting Firm”?

    b. What data about cash and cash equivalents are shown in the consolidated balance sheet (statement of financial position)?

    c. What activities are identified in the consolidated statement of cash flows as being responsible for the changes in cash during 2017?

    d. How are cash equivalents defined in the Notes to Consolidated Financial Statements?

    e. Read the section of the report titled “Management’s Report on Internal Control Over Financial Reporting.” Summarize the statements made in that section of the report.