The objective of the Course Project is to examine the financial statements of a publicly traded company.
Get an annual report from a publicly traded corporation that is interesting to you. Be sure that the company has deferred taxes, share-based compensation, a retirement plan, earnings per share, and a cash flow statement. Using techniques you have learned in the last weeks, respond to the subsequent questions:
What amount of deferred tax assets or deferred tax liabilities are on the two most current years on the balance sheet? What provides rise to these deferred taxes? What information is disclosed in the footnotes related to deferred taxes? Please describe a deferred tax asset and deferred tax liability.
What permanent and temporary differences does the company disclose in its footnotes? What are some other examples permanent and of temporary differences?
Evaluate 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 total operating loss carryback or carryforward? What are the guidelines for carryforwards and carrybacks?
Does the company have a described benefit or defined contribution plan? What are the key elements of the plan described in the footnotes? What amounts on the balance sheet relate to this plan? What are the differences between distinct benefit and defined contribution plans?
What are the earnings-per-share amounts disclosed on the income statement for the most current year? What dilutive securities are shown in the footnotes? Please find and describe other examples of dilutive securities. How do these impact earnings per share?
What type of share-based compensation does the company have? What was the compensation expense for the two most current years? What are the main elements of this plan discussed in the footnotes? Please find and describe other types of share-based compensation.
Does the company utilize 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 financial statements?
What investing and financing activities does the company have and what are some other examples of investing and financing activities?
Explain what non-cash transactions does the company have on its cash flow statement? Explain what are some other examples of non-cash transactions?