Financial Reporting

1) Select a business from the provided list and analyze their latest annual report (either on the company website under investor relations or on
finance.yahoo.com).
Company Stock
Symbol
Amazon AMZN
Apple AAPL
Bank of America BAC
Best Buy BBY
Citigroup C
Continental
Airlines CAL
Chipotle CMG
Costco
Wholesale COST
Chevron CVX
Dell DELL
eBay EBAY
Edison
International EIX
FedEx FDX
General Electric GE
Google GOOGL
Harley Davidson HOG
Hershey HSY
Intel INTC
Jet Blue JBLU
Johnson &
Johnson JNJ
Financial Reporting Summative Assessment: Outline & Rubric
KB Homes KBH
Kraft Foods KFT
Microsoft MSFT
Pepsi PEP
Proctor and
Gamble PG
Rubio’s RUBO
Starbucks SBUX
Verizon
Communications VZ
Wal-Mart WMT
Exxon Mobil XOM
Taco Bell, YUM YUM
2) Complete the following steps for the selected company’s Annual Report. You can use information from the footnotes to answer
these questions but make sure to reference from where the information came.
Ø Look at the balance sheet for the last two years. What caused the changes in the balance sheet from last year to this
year? Use account names and numbers for both years to explain your answer.
Ø Look at the Income Statement (sometimes called Statements of Operations) for the last two years. What caused the
changes in the Income Statement from last year to this year? Use account names and numbers for both years to explain
your answer.
Ø What type of audit opinion did the external auditors give? What accounting standards did they use? Where are each of
these components found?
Put together a one page response to answer the questions above, and include the Annual report used with your submission as
an attachment.
Step TWO: Create the Financial Statements
Use the adjusted trial balance examples and templates provided to create an income statement, statement of retained earnings,
balance sheet, and statement of cash flows (note: use first four spreadsheet tabs for this step).