| Review the FRP syllabus under FRP at the class website | Annual report | Annual Report | |
| From the Annual Reports | |||
| 1. What is the official name and headquarters (city) of the corporation? (2pts) . | 2pts (.5 each) | ||
| 2. What is the most recent fiscal year (accounting period) for the corporation covered by this report? Give the first and last day. (example: January 1, 2015-December 31, 2054. June 1, 2015- May 31, 2016.) The year does not have to be calendar!! (2pts) | 2pts (1 each) | ||
| 3. What is the page number of the (consolidated) balance sheet? Use the report number not the acrobat number. (2pts) | 2pts (1 each) | ||
| 4. What is the page number of the (consolidated) income statement? (2pts). Use report not abode page number | 2pts (1 each) | ||
| 5. What is the page number of the (consolidated) statement of cash flows? (2pts) use report, not adobe page number | 2pts (1 each) | ||
| 6. What is the page number of the statement of shareholders equity? (2pts). Use report number, not adobe. | 2pts (1 each) | ||
| 7. Most Companies truncate (drop zeros) from the numbers on | Assets | Assets | 2pts (1 each) |
| the financial statements. At the top, they tell you how many | Liabilities | Liabilities | 2pts (1 each) |
| zero’s they dropped. For example, if they say “in thousands”, | OE | OE | 2pts (1 each) |
| 3 zeros should be added to the numbers. Prove the accounting equation for each company, and add the right | Total Liab + OE | Total Liab + OE | 4pts (2 each) |
| number of zeroes to each number. (10 pts) | (show what the liabilities and OE lines above equal to.) | (show what the liabilities and OE lines above equal to.) | |
| 8. What is the corporation’s consolidated net income for the most recent annual report year. (4pts) Income or Loss? | 4pts (2 each) | ||
| 9. Who is the corporations’s independent auditor? (2 pts) | 2pts (1 each) | ||
| 10. What was the largest current asset on the financial statements? (2pt) | 2pts (1 each) | ||
| 11. What was the largest current liability on the financial statements? (2p) | |||
| From hoovers.com or finance.yahoo.com or other, just tell us your source. | |||
| 12. Check out each company’s stock price today. Give me the price, the date and the source. (2 pts) | 2pts (1 each) | ||
| 13. Read a recent news story about each of the companies. Briefly summarize what you learned. (Just a sentence or 2- but tell me where it came from and the date). (1pt each) | 2pts (1 each) | ||
| 14. Read footnote 1- List the business the companies are in. | 2pts (1 each) | ||
| 15. Read the footnote on other accrued liabilities for Abercrombie and see the consolidated balance sheet for American Eagle- List 4 accounts for them for each company and explain what it means to be an accrued liability. | 2pts (1 each) | ||
| 16. Read the footnotes, how does each company recognize Revenue? Explain how this is consistent with the accrual method of accounting. | 2pts (1 each) | ||
| Total | 40 |