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Project> Objective

Objectives:To analyze the financial statements of a publicly traded company

Obtain an annual report from a publicly traded
corporation that is interesting to you.Be sure the company’s financial
statements include deferred taxes, postretirement benefits, dilutive
securities, and share-based compensation.

Using techniques you have learned in the
previous weeks, respond to the following questions.

1.
What amount of deferred
tax assets or deferred tax liabilities are on the two most recent years on the
balance sheet? What gives rise to these deferred taxes? What information is
disclosed in the footnotes related to deferred taxes? Please define a deferred
tax asset and deferred tax liability.

2.
What temporary and
permanent differences does the company disclose in their footnotes? What are
some other examples of temporary and permanent differences?

3.
What is the amount of
income tax provision in the two most recent years on the income statement? What
information is disclosed in the footnotes relating to income tax expense? Does
the company have a net operating loss carry-forward or carry-back? What are the
guidelines for carry-forwards and carry-backs?

4.
Does the company have a
defined benefit or defined contribution plan? What are the key elements of the
plan discussed in the footnotes? What amounts on the balance sheet relate to
this plan? What are the differences between defined benefit and defined
contribution plans?

5.
What are the earnings
per share amounts disclosed on the income statement for the most recent year?
What dilutive securities are discussed in the footnotes? Please identify and
describe other examples of dilutive securities. How do these impact earnings
per share?

6.
What kind of share-based
compensation does the company have? What was compensation expense for the two
most recent years? What are the key elements of this plan discussed in the
footnotes? Please identify and describe other types of share-based
compensation.

7.
Does the company use the
direct or indirect cash flow presentation method? What is the difference
between these two methods? How does the cash flow statement agree to the other
financial statements?

8.
What investing and
financing activities does the company have? What are some other examples of
investing and financing activities?

9.
What noncash
transactions does the company have on its cash flow statement? What are some
other examples of noncash transactions?

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Guidelines

·
Papers must be at least
1,800 words, 7–10 pages in length, double-spaced, in a 12-point font. Include a
cover page, table of contents, introduction, report body, summary or
conclusion, and works cited.

·
Even though this is not
a scientific-type writing assignment, references are still very important. At
least three authoritative, outside references are required (anonymous authors
or web pages are not acceptable). These should be listed on the last page
titled works cited.

·
APA citations are
required.