project about accounting

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STEP ONE:

  • At Google or your favorite browser, enter AnnualReports.com
  • Scroll down and select “View All Featured Companies”
  • Select a company
  • Select Annual Report
  • Download the Annual Report and save it to your computer.
  • From the Annual Report, locate the Inventory Method used by the company and the Depreciation method (usually found in the Notes to the Consolidated Financial Statements.)
  • From the financial statements identify Inventory balance(s) and the Depreciation Expense balance(s) for the period.

STEP TWO:

Prepare a Formal Memo written in a professional format per Purdue Owl (https://owl.english.purdue.edu/owl/resource/590/03/). This memo should be 350-400 words. In your memo, provide the following information:

  • Name of the company you selected.
  • The period stated in the annual report.
  • The inventory method used by the selected company. Describe the advantages and disadvantages to the company because it uses this inventory method.
  • The inventory amount and where it was located.
  • The depreciation method used by your company. Describe the advantages and disadvantages to the company because it uses this depreciation method.
  • The depreciation expense for the period and where it was located.

STEP THREE:

Upload the Business Memo to the Assignment Box AND Provide a Screen shot of the specific information from the annual report verifying the information presented in your memo.

 
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