WRITTEN TERM PROJECT

Instructions

1. Obtain the most recent annual report for your selected Company. The report should contain at least

three years of income statement data and two years of balance sheet data.

2. Analyze at least 3 (three) items on the income statement for your selected company that would be

important to an investor, and discuss whether your company’s performance related to these items

appeared to be improving, deteriorating, or remaining stable. Justify your answer. For ea ch item

selected, address the appropriateness of the accounting treatment and disclosure including the (a)

ASC Codification, (b) the sufficiency of disclosure requirements, and (c) alternative GAAP (or non-

GAAP) accounting treatments and the potential impact of earnings. (24%)

a. Items on the income statement include revenue, cost of revenue, research and

development, interest expense, EPS, etc. Net income is not considered an “item” on the

income statement.

3. Analyze at least 3 (three) items on the balance sheet for your selected company that would be

important to an investor, and discuss whether your company’s performance related to these items

appeared to be improving, deteriorating, or remaining stable. Justify your answer. For each item

selected, address the appropriateness of the accounting treatment and disclosures for each item

identified including the (a) ASC Codification, (b) the sufficiency of disclosure requirements, and (c)

alternative GAAP (or non-GAAP) accounting treatments and the potential impact of earnings. (24%)

a. Items on the balance sheet include cash, accounts receivables, accounts payable, common

stock, etc. Current asset