Annual Report Project
To the Student
The Annual Report Project (ARP) provides you the opportunity to analyze a corporate annual report. You will obtain the annual report of a Fortune 500 company from their company website and answer questions regarding the application of concepts studied in your financial accounting course.
The Annual Report Project:
• Will increase your interest in financial accounting by allowing you to personally choose the annual report you will review
• Provides hands-on exposure to financial statements of real-world companies
• Emphasizes the importance of the notes to the financial statements
• Provides an opportunity to examine the application of procedures and methods discussed in your accounting textbook
• Provide you the opportunity to work remotely with the members of your team
The Annual Report Project consists of four assignments and is designed to be a useful supplement for undergraduate financial accounting courses. The following is a list of the topics covered in each Annual Report Project assignment:
• ARP 4 The Income Statement (APPLE)
General Information – The Company
Completed by Team
OBTAINING THE ANNUAL REPORT -You must email your instructor the name of the company you select as no two teams may use the same company. Make sure your choice has been approved before you begin.
Obtain the most recent annual report (full annual report, summary reports and 10-Ks are not acceptable) of a Fortune 500 U.S. corporation (one of the top 500 and must be a U.S. Corporation) which is traded on a national stock exchange (NYSE, NASDAQ). A useful resource is fortune.com. This site provides links to the Web sites of Fortune 500 companies. www.fortune.com
Do not select a public utility, financial institution or brokerage firm, insurance company, co-operative, government entity, Coke, Pepsi, Wal-Mart, Kmart, Target or Starbucks as a company choice. In addition, please note that summary annual reports, 10-K or 10-Qs are not acceptable. Your team must use a full annual report from a top Fortune 500 U.S. company.
1. Choosing a company
Choose companies in which you are interested. Perhaps the company has been featured in the news lately. Perhaps you own stock in the company. Perhaps you would like to own stock in the company.
2. Answer the following questions.
Company Name: ________APPLE_________________________________________________________
Fortune 500 Ranking (Rank from 1 to 500): _________________
Was there a specific reason your group selected this particular company
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