Question- Work Integrated Assessment case study
McDonald's Annual Report
Learning Objectives: The subject you are studying is vocational. It is designed with the workplace in mind. Work integrated assessment provides opportunities for students to link theory and skills learned in a subject to a real work context. Students can use these opportunities to develop and practice the professional and academic skills they learn about in a subject or through the online environment and then be assessed on their capabilities in these simulated authentic environments. Work integrated assessment allows students to simulate and situate their learning in an authentic workplace that encourages them to explore their knowledge and apply it to practice. Integrating real world, authentic assessment tasks allows students to learn about the particular environments and culture of their chosen professions, while at the same time absorbing and practicing the skills they need to succeed. Doing these tasks can help students develop skills that can help their employability.
Resources for this task include the 2014 Annual Report for McDonald's Corporation.
Go to www.mcdonalds.com to find the McDonald's home page. Click on the "Corporate Info" heading under "Our Story". Select the "Investors" heading. Then click on "Annual Reports" and select the 2014 report.
Your friend Tom is studying architecture at another University and knows very little about accounting and annual reports. Tom's uncle gave him $20,000 recently to invest. Tom knows you have studied accounting and is considering buying McDonald's shares. Tom has looked at the McDonald's annual report for 2014 and has some questions for you.
Present your answers concisely in a business report format.
Tom's questions:
1. How many customers do McDonald's have each year?
2. What are the total assets for 2014?
3. Find the Balance Sheet and identify the amounts and explain: Goodwill, Prepaid expenses, Income taxes and Accrued Payroll.
4. Calculate the Working Capital ratio.
5. Go to page 54 of the annual report. Input the data and create two different graphs in Excel. Paste the spreadsheet graph in your assignment.
6. Critically evaluate the Internet as a resource for financial information.