Summary of significant accounting policies

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Reference no: EM132819277

Assignment Instruction

The following document should provide guidance in completion of your Footnote Discussion Post Assignment.

In summary, here are a few important points to remember when completing this assignment:
• You should use the latest reported 10-K for your selected company. Points will be deducted for using an older 10-K.
• You will receive a failing grade if you choose to discuss an incorrect element of the 10-K (i.e. discussing Item 7 - MD&A or Item 11 - Executive Compensation). Additionally, please do not choose the summary of significant accounting policies footnote (usually footnote 1) because this footnote is a summary of all footnotes.
• When describing the footnote, use your own words to describe the content of the footnote such that a person with general business knowledge would understand what the footnote is disclosing.
• Don't forget to add commentary. This shows the reader that you truly understand the financial concepts being disclosed in the footnote. The goal of this assignment is to have you draw a connection between something you learned in this class to a footnote.
• Remember to include a copy of the complete footnote you're discussing in your assignment instead of just a portion of the footnote. Make sure you also copy in the name and number of the footnote. Points will be deducted if the grader has to manually pull up the 10-K because the full footnote wasn't copied.

Assignment Requirements

Per the syllabus, the Footnote Assignment requirements are as follows: Choose a public company and access the 10-K Filing at www.sec.gov. Click "Company Filings" in the top-right corner and search by company name. Look for a document filed under "10-K", click the "Documents" icon next to the "10-K" and click the first link ending in ".htm".

The Footnote Assignment should include two different footnotes:

• Footnote 1: Choose one of the following topics: Current or Long-Term Liabilities, or Investments
• Footnote 2: Choose one of the following topics: Stockholder's Equity, Dilutive Securities, or Earnings per Share

The footnotes can be accessed in the 10-K Filing by clicking "Item 8 - Financial Statements and Supplementary Data". Do not select Note 1 - Summary of Significant Accounting Policies.

The Footnote Assignment must be submitted using the Turnitin Assignment Tool in eLearning. The selected footnotes should be copied into the Tool and students should add their own commentary (minimum 5 to 6 sentences) for each footnote, which may include the following:

• Highlighting a specific aspect of the footnote;
• How has the footnote changed in response to new guidance;
• Anything you feel is important for a reader to know;
• Something interesting you learned about the company

Attachment:- Assignment Instructions.rar

Verified Expert

It is a footnote analysis of Apple inc. details have been taken from SEC website and notes to accounts have been analysed. The notes assessed here includes EPS and long term liabilities.

Reference no: EM132819277

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