ADMS 2400 Lecture Notes - Lecture 12: Husky Energy, Suncor Energy, Imperial Oil

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crimsonhorse80

1 Feb 2019

School

York University

Department

Administrative Studies

Course

ADMS 2400

Professor

Anna Blake

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Document Summary

Accompanying material for the ebook introduction to financial accounting in the 21st. Century gaber & porporato, 5th edition mcgrawhill. Find the most recent annual report online for the canadian public company assigned to the last digit of your student number as per the version table (or industry) selected by your professor. Example: if your professor selected version 1 industry: energy and your student number is 1234567, the last digit of your student number is 7 and the company assigned to you is westcoast energy. The annual report obtained from sedar must contain audited financial statements and the md&a (management"s discussion and analysis). In sedar you should look for any of the following documents: annual report or audited annual financial statements. If complementary data is needed to answer any of the questions of steps 2 and 3, you can look at any of the following complementary documents: md&a or annual information. Last digit of your student number company assigned.

Related Questions

The class should discuss all of the questions listed below as they relate to the financial statements of any U.S. public company of your choice in its latest annual report. You can find the financial statements of any U.S. public company by visiting Morningstar, Yahoo Finance or MSN Money, and using the stock market symbol for your chosen company (which can be looked up on Morningstar, Yahoo Finance or MSN Money). If you work for a U.S. public company, you probably want to use the financial statements of your company - but the choice is up to you.

NOTE: Sometimes Yahoo, MSN Money and Morningstar omit numbers. Only the annual report from the company web site or the SEC form 10-K (for U S Companies) can be guaranteed to have all numbers correct. The 10-K Business section and Management Discussion and Analysis contain valuable information about the business, competitors and what happened to financial results. It can be found on the SEC web site: www.sec.gov. Click on Edgar and then enter the ticker symbol for the company. Search for 10-K.

It is useful to compare financial ratios for a company with financial ratios of its industry. Industry financial ratios can be found on Morningstar.com, Yahoo Finance and MSN Money.

Please answer the following questions:

1) What 3 items of important information does the income statement reveal about the financial performance of the company over the last three years?

2) What 3 items of important information does the balance sheet reveal about the financial position of the company over the last two years?

3) Can you identify the major sources of funding used by the company from the information presented in the company's Cash Flow Statement?

If not, how could you get this information?

4) Who is responsible for: a) the issuance, and b) the content of the company financial statements?

5) What assurance, if any, is there that the financial statements are in compliance with GAAP, and are free of material misstatements?

6) Of what use, if any, are the notes to the financial statements? Give 2 facts learned from reading footnotes.

7) What can you learn from the Business Section of the 10-K? Give two facts about the company that you picked from the Business Section.

8) What can you learn from the Management's Discussion and Analysis of Financial Condition and Results of Operations in the 10-K? Give two facts about the company from this section.

Just need an idea how to do this:

ACCT 2101 Project Instructions

What to turn in: A typed, printed copy of your report and a printed copy of the financial statements. These must be neatly stapled together and submitted in class on or before the due date listed in the schedule. No exceptions. If you know or think you will be absent on the due date, please turn in your report early. This includes absences for GGC athletic events or other GGC sponsored activities. Five points will be deducted from your project grade for reports that are not stapled. Reports will not be accepted over email. You cannot use The Home Depot as this was our class example.

Report format: Times New Roman, 12 pt font, double spaced, one-inch margins, length is 2 -3 pages.

About the assignment: Select a company that is publicly traded in the United States. Go to sec.gov and look up the annual report for a company. This document is called a Form 10-K. For the most recent year available, print out copies of the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. Remember, the statements may have different names. Examples of alternative names can be found at the end of the textbook. Do not print the entire 10-K.

Select 3 financial ratios from the textbook and use the information from the financial statements to calculate the ratios. At the end of the textbook there is a list of financial ratios titled âAnalyses.â There is also one or more ratios listed at the end of each chapter. Any 3 ratios may be selected from these sources.

Briefly research your company and its history.

Report Contents:

1) The introduction should describe the company. For example, what does the company do, where the company is located, when was it established, etc.

2) The body of the report should discuss the results of your financial ratio calculations. Be sure to include the name of the ratio and the formula. Then, show the calculations typed out. Lastly, interpret the ratio; this means describe what the ratio is telling you.

3) The conclusion of the report should include your opinion about whether or not you would invest in the company and why.

https://www.sec.gov/Archives/edgar/data/865436/000086543617000238/wfm10k2017.htm

jadeeel555

ACCT 2101 Project Instructions What to turn in: A typed, printed copy of your report and a printed copy of the financial statements. These must be neatly stapled together and submitted in class on or before the due date listed in the schedule. No exceptions. If you know or think you will be absent on the due date, please turn in your report early. This includes absences for GGC athletic events or other GGC sponsored activities. Five points will be deducted from your project grade for reports that are not stapled. Reports will not be accepted over email. You cannot use The Home Depot as this was our class example. Report format: Times New Roman, 12 pt font, double spaced, one-inch margins, length is 2 -3 pages. About the assignment: Select a company that is publicly traded in the United States. Go to sec.gov and look up the annual report for a company. This document is called a Form 10-K. For the most recent year available, print out copies of the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. Remember, the statements may have different names. Examples of alternative names can be found at the end of the textbook. Do not print the entire 10-K. Select 3 financial ratios from the textbook and use the information from the financial statements to calculate the ratios. At the end of the textbook there is a list of financial ratios titled âAnalyses.â There is also one or more ratios listed at the end of each chapter. Any 3 ratios may be selected from these sources. Briefly research your company and its history. Report Contents: 1) The introduction should describe the company. For example, what does the company do, where the company is located, when was it established, etc. 2) The body of the report should discuss the results of your financial ratio calculations. Be sure to include the name of the ratio and the formula. Then, show the calculations typed out. Lastly, interpret the ratio; this means describe what the ratio is telling you. 3) The conclusion of the report should include your opinion about whether or not you would invest in the company and why.

case study: https://www.sec.gov/Archives/edgar/data/829224/000082922417000049/sbux-1012017x10xk.htm

debt ratio, profit margin ratio and current ratio.

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ADMS 2400 Lecture Notes - Lecture 12: Husky Energy, Suncor Energy, Imperial Oil

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