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Review of Financial Statement

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					Accounting 220 – Financial Statement Familiarity Review       NAME: __________

Assignment #1
Scavenger Hunt: You have 4 statements in front of you, not all the same type of
statement. Find and report on the following. Hint: the statement may not use
the same terminology as the item below.
Company: _______________
Item:           Name of Statement             $$ amount – most recent year only
Net Sales

Gross Margin

Cost of Goods
Sold
Total Cash and
Cash Equivalents

Total Liabilities

Total Assets

Dividends

Cash provided
(used) in
operations

Company: _______________
Item:             Statement                   $$ amount
Net Sales
Gross Margin
Cost of Goods
Sold
Total Cash and
Cash Equivalents
Total Liabilities
Total Assets
Dividends
Cash provided
(used) in
operations


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Assignment #2 There are four (4) major accounting statements. Which one is
this? _________________________.
Analyze this statement. Based on your knowledge of Accounting, pick 4 numbers
that you feel are most important on this statement and report on them.
Number           Number (in $, not thou or      Number (in $, not thou or mill),
(name):          mill), current year            prior year




Analyze some/any of these numbers is greater detail. Use any analysis technique
you feel is most appropriate.




 Calculate and list any ratio(s) you feel is(are) important:
Ratio                       Calculation                 Answer




Conclusion: What can you say about this company, based solely upon this
statement? Be as thorough, but as succinct, as you can, demonstrate your
knowledge of accounting that you have learned so far. Reference above numbers.




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Assignment #3
Accounting 220 – Financial Statement Familiarity Review       NAME: __________




      The Annual Report
          Financial Statements (4)
          Management Discussion and
           Analysis
          Notes to Financial Statements
          Auditor’s Report


                        acct.210              28




Look at the attached documents and name them as belonging to one of the above
sections. If they are one of the four Financial Statements, give the exact name
of the statement:

Document #        Statement
1
2
3
4
5
6
7
8
9
10




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