Assignment:
Company to be Used is Caterpillar Inc.
The financial statements for your company are usually posted in Item 8 of the SEC 10-K document. The management discussion and analysis section is presented earlier in the report.
1. Comment on the management of risk and uncertainty as discussed in the Management Discussion & Analysis (MD&A) report.
2. Divisions and Product Lines may be discussed in the MD&A section. What cost accounting issues may arise in these areas as you consider our chapters.
3. Comment on any specific cost accounting-related information in the MD&A report. For example, management often explains higher or lower than expected performance in this section of the filing. Does management discuss cost or cost fluctuations, profitability, pricing, emerging markets, competitive positioning in the global market or any other key factors and performance indicators in the 10-K filing?
Reference
Management Accounting: Concepts, Techniques & Controversial Issues
Chapter: Normal Historical Full Absorption Process Costing by James R. Martin .