ACC 422 Week 1

Individual Disclosure Analysis Paper

Resource: Internet

Select a publicly held company to use as the basis for this assignment.

Research your selected company and acquire the companys most recent financial statements using the Internet.

Prepare a 700- to 1,050-word paper analyzing the disclosures contained within the notes to the financial statements related to cash and cash equivalents, receivables, and inventories. Include a list identifying the components of the organizations cash and cash equivalents.

Format your paper consistent with APA guidelines

Discussion Questions

Consider how an organization must manage cash, receivables, and inventory. Which of the three variables is the most important to manage? Is one more susceptible to fraud and errors than the others? Explain your answer. How would a misstatement in each affect the organization?

What is the perpetual method of tracking inventory? How does it differ from the periodic method of tracking inventory? Why would a company choose one method over the other method? Which is the best method? Why?

What are the different ways to estimate bad debt? How does this affect net income? What does Generally Accepted Accounting Principles (GAAP) require? Why? Should all companies have bad debt? Explain your answer.