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he purpose of this assignment is to expose you to the basic process involved in the analysis of the cash flow statement. Assignment Steps Resources: Appendix A of Financial Accounting: Tools for Business Decision Making Note: This is a two part assignment. Part 1 Answer questions A-F in problem CT12-1 in Financial Accounting (p. 640). Provide an 875-word analysis of your findings. Include conclusions concerning the management of the company’s cash.Part 2 Complete a 1,050-word summary of findings and recommendations from the following questions: What is the par or stated value per share of Apple’s common stock?What percentage of Apple’s authorized common stock was issued at September 27, 2014?How many shares of common stock were outstanding at September 28, 2013, and at September 27, 2014?Calculate the payout ratio, earnings per share, and return on common stockholders’ equity for 2014. Use the Week 5 Excel® spreadsheet and submit with your analysis and summary.Specimen Financial Statements: Apple Inc.Once
each year, a corporation communicates to its stockholders and other
interested parties by issuing a complete set of audited financial
statements. The annual report, as this communication is
called, summarizes the financial results of the company’s operations
for the year and its plans for the future. Many annual reports are
attractive, multicolored, glossy public relations pieces, containing
pictures of corporate officers and directors as well as photos and
descriptions of new products and new buildings. Yet the basic function
of every annual report is to report financial information, almost all of
which is a product of the corporation’s accounting system.The
content and organization of corporate annual reports have become fairly
standardized. Excluding the public relations part of the report
(pictures, products, etc.), the following are the traditional financial
portions of the annual report:Financial HighlightsLetter to the StockholdersManagement’s Discussion and AnalysisFinancial StatementsNotes to the Financial StatementsManagement’s Responsibility for Financial ReportingManagement’s Report on Internal Control over Financial ReportingReport of Independent Registered Public Accounting FirmSelected Financial DataThe official SEC filing of the annual report is called a Form 10‐K, which often omits the public relations pieces found in most standard annual reports. On the following pages, we present Apple Inc.’s
financial statements taken from the company’s 2014 Form 10‐K. To access
Apple’s Form 10‐K, including notes to the financial statements, follow
these steps:Go to http://investor.apple.com.Select the Financial Information tab.Select the 10‐K annual report dated September 29, 2014.The Notes to Consolidated Financial Statements begin on page 50. 5 days ago
ATTACHMENTS

acc291_r6_wk5_assignment_apple_inc.xls

requirements
school accounting
school expose us to everything dealing with transations

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