ACCT 310 SEC10K Project Instructions: UMGC's accounting department curriculum requires an SEC 10-K Report Project in multiple courses from introductory to advanced-level classes, including: · ACCT...

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6 page single space report and 8-10 slide power point presentation on Sec 10K company Walmarthttps://www.sec.gov/ix?doc=/Archives/edgar/data/104169/000010416922000012/wmt-20220131.htm


ACCT 310 SEC10K Project Instructions: UMGC's accounting department curriculum requires an SEC 10-K Report Project in multiple courses from introductory to advanced-level classes, including: · ACCT 220: Principles of Accounting I / ACCT 221: Principles of Accounting II · ACCT 310: Intermediate Accounting I / ACCT 311: Intermediate Accounting II · ACCT 321: Cost Accounting · ACCT 422: Auditing  · ACCT 424: Advanced Accounting / ACCT 425: International Accounting In each course, you will examine different companies focusing on related-course content. This allows you to build your knowledge of accounting and industries. The UMGC Principles of Accounting I & II courses introduced you to specific components of an SEC 10-K Report as bases for fundamental financial ratio analyses and interpretation of results for a selected corporation. In the more advanced accounting courses, including Intermediate Accounting I & II, you will delve deeper into analyzing financial statements, schedules, and notes to gain a more in-depth understanding of a corporation through its SEC 10-K filing.  The SEC 10-K assignment will consist of research to write a report on an annual SEC 10-K report filed by a public company with the U.S. Securities and Exchange Commission (SEC).  The focus of this assignment is on the financial statements as a whole and the concepts related to the topics covered in this course. You will conduct research to select a public company of your choice from the list of companies included in the Fortune 500 then locate its most recent SEC 10-K report for your project.  As part of this project, you will participate each week in the discussions specifically designed to apply concepts and research the SEC10K.   There are two deliverables: (1) SEC 10-K Report, and (2) SEC 10-K Power Point presentation based on your report. Grading will be per Rubric in Leo. It is recommended that you review the rubric to maximize your earned grade. Many students benefit from the use of the UMGC Effective Writing Center. (access from Academic Support in the classroom horizontal menu bar). Project Content: A. Cover Page Name of Company, Annual Report date, Name, Date B. Introduction to Company and Basic Financial Information Paragraph providing background information on company such as (at minimum) age of company, locations, number of employees, products, and major competitors C. Describe/explain the following concepts as related to your chosen company. Label Each Component 1. Management Discussion and Analysis 2. On what basis does the company value its inventory? 3. Horizontal Ratio Analysis (a) calculate accounts receivable turnover, profit margin, return on assets, current ratio, inventory turnover, asset turnover, debt to assets, and times interest earned for two years (b) prepare/comment on horizontal trend analysis of the results of your calculations (c) how does calculated ratio compare to company’s industry or competitors? 4. Depreciation (a) describe depreciation method used (b) what are the amounts of depreciation and amortization noted in the company’s cash flow statement? (c) explain the changes in the amounts-what could the changes be attributed to? 5. Earnings per share -explain and analyze the company’s earnings per share (compare to company trend, industry, and competitors) 6. Does your company use indirect or direct cash flow statement? What is the largest cash inflow and outflow in each major section of the cash flow statement? 7. Discuss two components of your company’s equity section of the balance sheet. 8. Financial Statement Note Disclosures -Discuss any impact to the financial results from adoption of FASB pronouncements. If your research does not disclose recent adoptions of FASB Pronouncements explain one other disclosure that has not been discussed elsewhere in your paper D. References E. Reflection. Provide a narrative of what you learned from this process Reminder - See Rubric Assessment for Grading Expectations Power Point Presentation: 8-10 slides total Walk the students through the detail of your report: Sections A-D Provide detail that you would present in person in the notes to the power point slides Report Format: You may benefit from the use of the UMGC writing center. (See: https://www.umgc.edu/current-students/learning-resources/writing-center/index.cfm) Write your report, read carefully, and consider possible edits and changes. (try www.grammarly.com) Start early. You have plenty of time to complete this project. Your report should consist, at a minimum, of the following: · 3-4 pages single spaced, double space between paragraphs. Page count does not include title page, tables and exhibits, table of contents, and works cited list · title page · references (business classes use APA format) · in text citations (business classes use APA format) · tables, and appendixes if you wish to copy and paste financial statements or materials you did not write (these will not be part of the ‘page count’) · Your report should use one-inch margins on the left, right, top, and bottom of each page, and font set at 12 point. · Take care to comply with the UMGC policy for academic honesty · Post for Peer Review/Provide Peer Review This course is integrated with TURNITIN. Instructions for use of TURNITIN can be found under the resources link in our classroom. It is important that all submissions in our class be completed by you, in your own words. Do not copy and paste from the SEC 10K report as it will not count as original work. Do not risk the fact or appearance of academic dishonesty.  Please email me if you have any concerns on this issue. The goal is for you to complete the homework, postings, quizzes, exams, and submissions for this course including reports, power point files, and projects, in your own words to show your mastery of topics and concepts for our course. · Our discussion postings during the semester should assist you in completing this report · Visit the Accounting Toolbox in the Course Content of our LEO classroom · The Accounting Toolbox is a constant resource in our UMGUC undergraduate accounting courses · Links and explanations to assist you with this report may appear in this resource · Post any questions you may have!
Answered 4 days AfterJul 21, 2022

Answer To: ACCT 310 SEC10K Project Instructions: UMGC's accounting department curriculum requires an SEC 10-K...

Tanmoy answered on Jul 26 2022
83 Votes
PowerPoint Presentation
WALMART
Presented By: Soyoon Yoon
Introduction
Walmart is a multinational chain of hypermarket which is located in United States
Walmart was founded in the y
ear 1962 by Sam Walton
Headquartered in Bentonville, Arkansas
As of 2022 there are around 10585 stores
World’s largest companies by revenue with about $570 billion in terms of annual revenue
As on January, 2022 there are approximately 2300000 employees
Grocery items such as snacks, dairy, frozen foods, alcoholic and non-alcoholic beverages, beauty aids, paper goods and baby products
Competitors Amazon, Alibaba, Home Depot, IKEA, Lowe’s, 7-Eleven, Target, Tesco, Carrefour, Woolworths, Kroger and Coles
Management Discussion & Analysis
Management discusses about the information, helps in understanding the financial statements along with changes in certain key items
Discusses on specific performance metrics
Discusses on currency exchange rate for conversion of functional currency not in US dollars
Strategic actions taken for strengthening the portfolio of Walmart International Portfolio in the future
Walmart International Portfolio in November, 2020 at a recorded pre-tax non-cash loss in fiscal 2021 of $1 billion
February, 2021 at a net consideration of $9.6 billion Asda was sold
On March 2021, Seiyu was sold for a net consideration of $1.2 billion
Valuation of Inventory
Walmart values their inventory at lower of cost or market
Use the LIFO or Last-in-First-Out method for significantly all the segment inventories of Walmart US
1% increase in the retail prices would not result in a decrease with respect to the carting cost of inventory
On January 21, 2021 and 2022, the inventories which were appraised with LIFO method estimated the same inventories as if they are being assessed at FIFO or First-in, First-Out method
Horizontal Ratio...
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