Case A - Instructions

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Weber State University *

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2010

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Accounting

Date

Apr 3, 2024

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4

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1 Case A Financial Accounting ACTG 2010 Real World Case Study The overall objective of this three-part case study is to show you how to access and analyze the financial statements of real-world companies. You will use the US Securities & Exchange Commission website to access 10-K annual reports for various companies. Part 1 Real World Accounting – Video & Quiz Automatically graded 10 pts Part 2 Online 10-K Annual Report – Quiz Automatically graded 5 pts Part 3 Discussion Post – Information about a company Manually graded 5 pts Part 1 Video and Quiz Watch the Real World Accounting video that provides an overview and step-by-step instructions on how to look-up financial information about publicly traded companies. The quiz will contain the following ten questions (review the questions before watching the video). The quiz will be submitted through Canvas. 1. What report is filed when there is a significant business event that occurs between financial statement dates? o 6-E o 8-K o 10-Q o 12-C 2. The 10-K annual report filing for the company in the Real World Accounting video, is for what fiscal year end? o January 31, 2021 o December 31, 2021 o July 31, 2021 o March 31, 2021 3. What is the trading symbol of the company in the Real World Accounting video? o THD o LOW o HD o WMT
2 4. All of the following were discussed in the Management Discussion and Analysis section of the company in the Real World Accounting video, except for: o The company had substantial sales during the year. o The company closed numerous store locations. o The company made an acquisition. o The company had supply chain problems. 5. What is the total assets amount reported on the most recent balance sheet of the company in the Real World Accounting video? o 64,896 o 51,236 o 28,477 o 70,581 6. By how much did cash increase, from the prior year to the current year, for the company in the Real World Accounting video? o 5,762 o 7,895 o 2,133 o 6,594 7. Which statement about the income statement of the company in the Real World Accounting video is FALSE? o The amounts are reported in millions. o The largest increase in sales revenue was between the prior and current year. o Expenses increased at a slower rate than revenues. o Net income increased over the last three years. 8. What is the name of the financial statement that includes the information reported on the statement of retained earnings? o The Statement of Financial Position o The Profit and Loss Statement o The Statement of Cash Flows o The Statements of Stockholders' Equity 9. What amount of cash dividends were declared in the most recent year for the company in the Real World Accounting video? o 4,704 o 6,451 o 5,958 o No dividends were declared. 10. What public accounting firm audited the financial statements of the company in the Real World Accounting video? o KPMG o EY o PWC o Deloitte
3 Part 2 Online 10-K Annual Report –Quiz Go to the Securities and Exchange Commission’s EDGAR company search website and access the most recent 10-K report for The Walt Disney Company. Answer five quiz questions (listed below) based on information in the report. The quiz will be submitted through Canvas. Access the Securities and Exchange Commission's EDGAR company search website via a link on Canvas. Type in Walt Disney and click on the Walt Disney Co (DIS) link as shown above. Go to the 10-K annual reports section and click on the November 29,2022 filing for the 10-K Annual report for the year ending October 1, 2022 as shown above. Questions 1 : The trading symbol is listed on the first page of the Form 10-K along with the state in which the company was incorporated and the stock exchange where the stock is registered. Questions 2 to 5 : Scroll down to ITEM 8. Financial Statements and Supplementary Data and click on that link. Then link to page 63 as shown below. Scroll down to ITEM 8. Financial Statements and Supplementary Data and click on that link. Then link to page 63 as shown below. Scroll down to page 67 to review the income statement (Consolidated Statements of Operations) and page 69 for the balance sheet. All amounts reported on are in millions of dollars . 1. What is the trading symbol for The Walt Disney Company? o WALT o DIS o WDC o MM 2. What is the net income (loss) attributable to The Walt Disney Company in FY 2022? o 74,200 net income o (2,864) net loss o 1,995 net income o 3,145 net income
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4 3. Calculate Walt Disney Company’s net profit margin for FY 2022 based on total revenues: o 2.96% o 3.80% o 11.46% o 18.67% 4. What are total assets reported on the Walt Disney Company’s FY 2022 balance sheet? o 29,098 o 203,631 o 33,657 o 203,609 5. How much have stockholders contributed to The Walt Disney Company as of FY2022? o 43,636 o 40,429 o 56,398 o 55,471 Part 3 Discussion Post Go to the Securities and Exchange Commission’s EDGAR company search website and look up the company of your choice. Using the company’s most recent 10-K annual report , determine the following information and post it to the discussion board (see link in Canvas). Financial statements are typically included below the Form 10-K in the Item 8 “Financial Statements and Supplementary Data” section. The income statement is often called the Consolidated Statement of Operations The balance sheet may be called the Consolidated Statement of Financial Position You can use any company that is publicly traded (except for Home Depot and Walt Disney) as long as it has not already been added to the discussion post by another student. Post the following information on Canvas as a reply to the discussion board post. Company Name: Fiscal Year Ended: Trading Symbol: Stock Exchange: Total Assets: Net Earnings: