Case 4

An Overview of Financial Statements by Ching Lih Jan
Financial statements and their accompanying notes contain a wealth of useful information regarding the financial position, operating results and cash flow of a corporation. This assignment is to review with you where to locate the available information from a corporate annual report. You are going to look up data in a corporate annual report and answer the following questions. Please specify "NA" if the question is not applicable to your company. Use the most recent figures available in the annual report for your answers. Please attach your annual report, if available, and type your answers. (This assignment in WORD format can be downloaded from my web site,http://www.cbe.csuhayward.edu/~cjan/)

[1] Write in your name(s).

[2] What is the name of your company?

[3] Most annual reports include the following sections. Please identify them. (Note that the names of these sections might be slightly different for different companies.)
[a] Financial Highlights, pages

[b] Letter to Shareholders, pages

[c] Management's Discussion and Analysis, pages

[d] Financial Statements, pages

[e] Notes to Financial Statements, pages

[f] Reports of Management and Independent Auditors, pages

Who is the auditor and who signed the Management Report?

[4] General information:
[a] What does your company do? What industry does it belong to?

[b] Who is the chief executive officer? How long has he/she been in charge? (Hint: You may need to do some research for the latter question.)

[c] Where is your company's stock traded? What is its ticker symbol?

[d] What year is your annual report for?

[e] Does your company provide annual reports online? If so, where is its web site?

[5] Information Regarding Balance Sheet:
[a] Balance sheet is on page(s)

[b] How much is the amount of total assets?

[c] How much is the amount of total liabilities?

[d] How much is the amount of total stockholders' equity?

[e] Name one accounting method that is being used for a particular balance sheet item. (Hint: Check notes to financial statements.)

[6] Information Regarding Income Statement:
[a] Income statement is on page?

[b] How much is the amount of total revenue?

[c] How much is the amount of total expenses?

[d] How much is the amount of net income or net loss?

[7] Information Regarding Statement of Changes in Retained Earnings or Statement of Stockholders' Equity :
[a] Statement of changes in retained earnings or statement of stockholders' equity is on page

[b] What items are included in the statement of stockholders' equity?

[8] Information Regarding Statement of Cash Flows?
[a] Statement of cash flows is on page

[b] How much is the amount of net operating cash flows?

[c] How much is the amount of net change in cash?