Reference no: EM132550378

SCENARIO: You are a new hire for a major corporation completing your eight-week rotation relating to accounting, financial reporting, budgeting, cost control, and profit maximization. As part of your rotation you are learning how accounting information is used by managers throughout the organization to make managerial decisions. This report will address the below topics, providing senior management a report introducing, explaining, and providing analysis of the financial reports. Assume senior management does not understand basic accounting concepts and unable to read and interpret the reports without your assistance. Incorporate and explain accounting concepts learned within the course material (readings and discussions) and provide financial analysis as completed within the SEC10K discussion posts.

REQUIREMENT: Prepare a report for your chosen corporation's senior managers to interpret and explain the SEC10K financial reports. The report should be one to two full in pages in length: single spaced, 12 pt. font, one-inch margins, and in your own words. Make note of the grading rubric which requires you to address project questions, display critical thinking, analysis, research, application of course concepts, write in your own words, and demonstrate a high degree of effective communication (i.e., formal business writing with proper grammar and punctuation).

The following are concepts you should consider for discussion within your report:

Accounts Receivable:
Your SEC 10-K company should have accounts receivable and inventory, both typically large dollar values within the balance sheet.

Question 1: Who owes money to your SEC 10-K company?

Question 2: How is the inventory described?

• For these questions read the Notes to the Financial Statements presented immediately after the financial statements. This is usually part of section 8 of the SEC 10-K.