FYE 118 Economics, Money & Power- FYE 123 From the Silents to the Sopranos: Organized Crime in American Culture ASSIGNMENT 2
Below are the requirements for assignment 1. You need to answer the following questions for each company separately:
1) Review the 10-K reports of the companies that you have been assigned. In the first few pages, there is usually a table of contents. What kind of information is included in the 10 -K reports of your companies?
2) Based on item 1 of your 10-K reports provide a brief overview of the business of your companies.
3) For each company, go to the financial statements section of the 10-K reports (item 8). What type of statements do we have in this case (i.e. internally prepared, compilation, review or audit)? If it is an audit, what type of opinion do we have? The audit opinion can be found either in the beginning or at the end of the financial section.
4) Look at the actual financial statements of each company. What is the first statement? What is its purpose? How many years of data are presented there? What period does it cover?
5) What is the second statement? What is its purpose? How many years of data are presented there? What are the dates?
6) What is the third statement? What is its purpose? How many years of data are presented there? What period does it cover?
7) What is the fourth statement? What is its purpose? How many years of data are presented there? What period does it cover?
8) What is the fifth statement? What is its purpose? How many years of data are presented there? What period does it cover?
9) Look at the Notes to the financial statements; what is your company's fiscal year end? In what segments does the company operate?
10) Review the Notes to the financial statements; how do your companies recognize revenue?
11) Income statements often include "special income statement items" or items that are unusual or infrequent or both. Do the income statements of your companies include any of these "special items"? If yes, briefly describe them. In addition, indicate whether they have increased or decreased each firm's net income.
12) Look at the balance sheets of your companies. What is the amount of each company's total assets? What was the increase/decrease in total assets from the previous fiscal year end? What are the company's five largest assets? Does the company have any intangibles? If yes, briefly describe them.
13) What is the amount of total liabilities? What was the increase/decrease in total liabilities from the previous fiscal year end? What are this company's five largest liabilities?
14) What is the amount of total stockholders' equity? What was the increase/decrease in total stockholders' equity from the previous fiscal year end? How many shares of common stock were outstanding as of the most recent fiscal year end? Has the
number of shares increased or decreased from the previous fiscal year end?
15) Visit the sites of your companies and click on the investor relations and SEC filings sections; under SEC filings choose the proxy view and select the most recent report DEF 14A that is available. Go to Executive Compensation within this proxy. Briefly describe the executive compensation. How does the total compensation of one firm's highest paid executives compare to the respective compensation of the highest paid executives in the other firm in your group?
16) Review the proxy statement and the Notes to the financial statements. Do they address any related party transactions? If yes, briefly describe what is been discussed.
17) Visit the sites of your companies again and click on the investor relations and SEC filings sections; under SEC filings search for quarterly filings and select the latest 10-Q report. What date was this report filed? In the first few pages, there is a table of contents. What kind of information is included in this company's 10-Q report? What is a very important difference between the 10-K and 10-Q reports?
18) Based on the 10-K and proxy reports that you have accessed for these companies briefly describe the management teams.
19) Look for some additional resources that might provide evidence about the skills, experience and reputation of each company's management, strategy and general risk factors affecting its business. Look for two articles in newspapers and magazines and provide a brief summary. The articles should be dated within the last six months and should express independent - not management's views. You should make appropriate references identifying where the information was obtained from and provide full copies of the articles (not links). You should also briefly describe your reasons for selecting these articles (i.e. their significance for your companies).
20) Is your initial impression about your companies a favorable one or not? List some reasons supporting your answer.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.