ACC 280 Week 2

Week 2:

Assignments from the Readings

Prepare written answers to the following assignments from the text, Financial Accounting 6thed:

Chapter 1:

1) Exercise E1-1

2) Exercise E1-5

3) Exercise E1-12

4) Exercise E1-13

Chapter 2:

1) Exercise E2-2

2) Exercise E2-3

Chapter 7:

Exercise E7-3

Learning Team Assignments

Resources: Internet or other resources; annual report for the company of your choice

Select a company for analysis by your team that has been (1) profitable for the last three fiscal years, (2) is not a bank/financial institution, and (3) is on a major U.S. Stock Exchange.

Attain instructor approval of the selected company.

Acquire a copy of the selected companys most recent annual report by using the Internet or other resources.

Prepare a 1,050- to 1,400-word Executive Summary, using the information contained in the companys balance sheet and income statement, answering the following questions, noting that annual reporting period and fiscal year mean year-end numbers