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ints from Toyota's report and d

ints from Toyota's report and d

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Do Any 5 points from Toyota's report and do your observation on each of 5 points.
16:42 o à O D A 7l 64% The project is for TOYOTA companyPrepare a two or three page research paper on 5 company accounting principles as described below and send by email to the instructor. I am looking for your assessment of the company's use of the accounting principles. Did you finding something interesting in this research?Go to the Company web site for investors to financial information to Annual Report or 10-K. Looking for Note 1 or 2 of Significant Accounting Policies or Practices Select 5 Accounting Principles to discuss; quote company's statement and give your assessment in a short paragraph. 1. Fair Value Principle Measurements Global or Historical Cost Principle - USA 2. Intangibles- Goodwill 3. Revenue Recognition - Long Term contracts: at sale or during progress of contract with progress billing 4. Financial Services Revenue 5. Insurance Revenue 6. Research and Development 7. Inventories - FIFO or LIFO or Weighted Average or Specific Identification or Lower-of-Cost-or Net Realizable Value: Tracks inventory under perpetual or Periodic basis 8. Property Plant & Equipment – Straight Line, 150% declining or sum of units• Write off with depreciation or amortization or depletion 9. Warranties - on products 10. Operating or Capital Leases 11. Recently Adopted Accounting Guidance or Changes - examples 12. Discusses General Accepted Accounting PrinciplesLastly, what is the price of 100 shares of the company? Using only your research of accounting principles and you had the investment capital to cover the shares price, would you invest or not and WHY.
Transcribed Image Text:16:42 o à O D A 7l 64% The project is for TOYOTA companyPrepare a two or three page research paper on 5 company accounting principles as described below and send by email to the instructor. I am looking for your assessment of the company's use of the accounting principles. Did you finding something interesting in this research?Go to the Company web site for investors to financial information to Annual Report or 10-K. Looking for Note 1 or 2 of Significant Accounting Policies or Practices Select 5 Accounting Principles to discuss; quote company's statement and give your assessment in a short paragraph. 1. Fair Value Principle Measurements Global or Historical Cost Principle - USA 2. Intangibles- Goodwill 3. Revenue Recognition - Long Term contracts: at sale or during progress of contract with progress billing 4. Financial Services Revenue 5. Insurance Revenue 6. Research and Development 7. Inventories - FIFO or LIFO or Weighted Average or Specific Identification or Lower-of-Cost-or Net Realizable Value: Tracks inventory under perpetual or Periodic basis 8. Property Plant & Equipment – Straight Line, 150% declining or sum of units• Write off with depreciation or amortization or depletion 9. Warranties - on products 10. Operating or Capital Leases 11. Recently Adopted Accounting Guidance or Changes - examples 12. Discusses General Accepted Accounting PrinciplesLastly, what is the price of 100 shares of the company? Using only your research of accounting principles and you had the investment capital to cover the shares price, would you invest or not and WHY.
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