...McDonald’s 10-K SEC Report Intermediate Accounting III TABLE OF CONTENTS Introduction 2 Deferred Taxes 2-4 Permanent and Temporary Differences 4 Tax Provisions 5-6 Defined Benefit and Contribution Plans 6-7 Earnings Per Share 7-8 Share Based Compensation 8 Direct vs Indirect 8-9 Investing and Financing Activities 9 Noncash Transactions 9 Conclusion 9 Works Cited 10 Introduction In this report I will be reviewing McDonald’s 10-K SEC Filing for the year ending in December 31, 2015. This review will include items regarding their deferred taxes, tax provisions, earnings per share and investing and financing activities just to name a few. These type of items help investors determine how well a company is doing and if any changes need to be made within the company. McDonalds is one of the largest fast food restaurant chains around the world. They are mainly known for their cheap burgers and affordable prices. This company has over 36k restaurants in over 100 companies Deferred Taxes As you can see in the table below, McDonald’s had both deferred tax assets and tax liabilities for the years 2014-2015. The deferred tax asset before validation was a negative $2,091.4 million in 2015 and the deferred tax asset before validation was a negative $1,937.5 million. The deferred tax liabilities for the year of 2015 was $1,171.5 million and for the year 2014 the deferred tax liability was $1,012 million. The differences between the deferred tax assets before validation...
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...------------------------------------------------- General Motors I. Background and Industry General Motors, along with its competitors, are part of the Automotive Manufacturer (Major) industry of the Consumer Goods economic sector. Companies in this industry make passenger cars and light trucks, as well as chassis for those vehicles. Demand is driven by employment and interest rates while the profitability of the individual company depends on manufacturing efficiency, product quality, and affective marketing. Large companies have economies of scale in purchasing and marketing while smaller companies can compete by focusing on specialized markets. The U.S. industry alone is highly concentrated with the top four companies account for about 75 percent of sales. General Motors Company is one of the world’s largest auto manufacturers which designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. It operates in five segments: GMNA (GM North America), GME (GM Europe), GMIO (GM International Operations), GMSA (GM South America), and GM Financial. Financing activities are primarily conducted by General Motors Financial Company. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, as well as under the Alpheon, Jiefang, Baojun, and Wuling brand names. It also sells cars and trucks to dealers for consumer retail sales, as well as to fleet customers, including daily rental car...
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...Current Knowledge Management Event Knowledge Management and Competitive Advantage Research Paper Current Event | | Date | July 13, 2012 | Part I | Target organization, product or service, location, section, and position | Correlations toAssignment | | Relevance | | Content Analysis – Breaking it down The Sum of the Parts I have chosen to review the Knowledge Management data collected about the Dow Chemical Company from the prospective of a Knowledge Worker. Since I am becoming more familiar with the term of what is meant by being a Knowledge Worker I feel like I am able to draw from my own experiences to assess the information gathered. About Dow Chemical Company | What the facts mean to me as a Knowledge Worker | Products & Services provided… | “Dow Chemical Company isa leading science and technology businessthat provides innovative chemical, plastic, andagricultural products and services to customersin more than 160 countries.” (Obtained from Transforming Information Management. Dow Chemical Company makes critical knowledge secure and easier to access and share.) | Location & Organization of the company… | “The company whose annual sales are over $57 billion andhave approximately 46,000 employees, they are a Midland,Michigan-based business.” (Obtained from Transforming Information Management. Dow Chemical Company makes critical knowledge secure and easier to access and share.) | Name of the division, is there any significance behind the...
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...SEC 10-K FINANCIAL STATEMENT ANALYSIS PROJECT Click Link Below To Buy: http://hwcampus.com/shop/sec-10-k-financial-statement-analysis-project/ SEC 10-K FINANCIAL STATEMENT ANALYSIS PROJECT (Wallmart and CA, Inc,) 10 K – SEC Analysis Project A written Case Analysis is required for this course. The project is expected to consist of comprehensive and relevant responses to all the requirements of the Case Analysis. Requirements of the Case Analysis, which require computation, must be prepared using Microsoft Excel or Word or both and all the work must be presented in a detailed manner. Requirements of the Case Analysis which require a written response are expected to consist of an introduction, well-referenced body with appropriate headings and sub-headings, conclusion and reference list. APA style is required. Completed papers will typically be 4-5 pages in length and must read as a well-edited, professional paper. All papers will be typed, double-spaced, spell-checked, grammar-checked, and prepared in APA format. Go the SEC website http://www.sec.gov/edgar/searchedgar/companysearch.html 1. Click on “Company Filings” , then click on “Company or fund name, ticker symbol, CIK ….” 2. Type in the CIK (or company name). (Sometimes there may be multiple options available; use your judgment, and click on the right link). 3. Once you get the list of forms filed for the company, type “10-K” in the Form Type box. Now, only Form 10-Ks filed will appear...
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...ABSTRACT Publicly traded companies make multiple reports available to their investors through their websites. Not only does these companies make their financial information available to the public, they must also send in detailed reports to the SEC. In this paper, we will be examining a world-wide publicly traded company, American Eagle Outfitters. We will be looking at the financial information that the company has made available for the public to see, as well as the annual form, or 10-K, that is filed with the SEC. FINANCIAL REPORTS AND SEC FILINGS Introduction American Eagle Outfitters, a leading clothing retailer, offering high quality, on-trend clothing options for men and women, adults and children alike. While being a worldwide retailer, American Eagle Outfitters is a publically traded company, which means that its financial information is available for everyone to see. Along with this financial information, AEO must also submit annual reports to the Securities Exchange Commission. In this paper, we will be reviewing the financial reports of American Eagle Outfitters and assessing the differences between each of the financial reports. The Financial Reporting Model The financial reporting model is a written report of the financial condition of a company or firm. Investors and lenders, as well as government oversight, utilize financial reporting for different reasons. Investors utilize financial reporting in order to determine the financial health of a company...
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...Ethics and Compliance Team C has chosen Lowe’s as our organization. The role of the ethics and compliance in Lowe’s financial environment will be assessed and the procedures the company has in place to ensure ethical behavior will be described. An explanation of how the financial markets work within the United States, identifying the processes that Lowe’s uses to comply with SEC regulations. Attached are the annual report and SEC filings for the past two years. With the financial information from Lowe’s, Team C will select one ratio from each of the ratio categories to include liquidity, asset management, debt management, profitability, and market value. It will be discussed the trend for each ratio and whit it says about the organization’s financial health. Lowe’s values it reputation for maintaining high ethical standards in its workplaces and around the world where ever they do business (Lowe’s, 2012). The company states that integrity is one of their core values and that every employee must comply with all governmental laws, regulations and rules while acting on behalf of the company. All employees of Lowe’s should avoid in any conduct that is inconsistent with the company’s ethical principles, even if it is legally permissible. Lowe’s also requires all vendors and suppliers to comply with their code of conduct and business ethics, failure to do so will result in termination of the business relationship. Lowe’s requires all personnel (including family members...
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...Starbucks: The SEC and Financial Performance Starbucks is a publicly traded company and all publicly traded companies have to meet the legal requirements imposed on them by the Securities and Exchange Acts of 1933 and 1934 (Securities Laws, Rules, Regulation and Information, 2008). These Acts require publicly traded companies, like Starbucks, to give potential investors specific information about any stock offered for sale, such as notices about the registration of shares (Securities Laws, Rules, Regulation and Information, 2008). SEC laws also require companies to be honest and require them to disclose any stock purchased or sold by company executives and to file quarterly 10-Q and annual 10-K reports on the company’s financial results with the SEC (Securities Laws, Rules, Regulation and Information, 2008). Companies must also provide shareholders with annual financial statements and proxy materials and information about annual shareholders’ meetings (The Investor’s Advocate, 2009). These disclosures are meant to assure investors have as much information as possible about their investments and potential investments. Investors can use the information provided in financial statements, for example, to ascertain the financial strength of a company. Financial ratios can be calculated from the information provided by financial statements. Ratios such as the current ratio, debt ratio, return on equity, and day’s receivable can help determine the effectiveness of a company’s...
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...978-0-9841839-2-0 To be completed by the student and submitted with the completed annual report project according to your instructor’s requirements. Complete the following before you submit your assignment. This step is required to validate your compliance with sections 107 or 108 of the 1976 United States Copyright Act. 1. Remove the front cover of the workbook and identify: Student Name:ASHLEY K BINEGAR Term: SPRING 1 2011 Selected Company: TARGET Instructor: 2. Print your completed electronic template. 3. Attach the following: • This page completed with all required information. • Completed Word template. Template boxes expand as you input responses. Adjust page breaks as necessary to submit a professional representation of your work. CHAPTER 1 - INTRODUCTION Select a Company and Gather Documents Chapter 1: Select a Company and Gather Documents – Question 1 Identify with an “X” the primary source of data for this project. Annual report to shareholders X Annual report to shareholders with a letter from Chief Executive Officer and SEC Form 10-K as part of the annual report to shareholders. The annual report may include additional...
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...resources available for you to conduct research, download financial statements, and increase your general knowledge about current accounting issues. In Cases 2 and 3, you will solve unstructured problems like you will do in the real-world. 2. HOW DO I USE THE DATABASES? Download the Accounting Research Handbook that is now available on WebCampus. Included in this booklet are detailed instructions on how to use these databases. This handbook will give you enough information to get you started. (The following pages may be turned into me – you do not need to type up your responses in a separate document. If you are working with a partner, make sure BOTH of your names appear on the assignment). ACCOUNTING RESEARCH CASE 1 – PART A: SEC EDGAR DATABASE This first exercise involves EDGAR, the SEC’s database. You will use EDGAR to find out information about one company. Your company is based on the first letter of your last name. Using the table below, determine which company you are assigned. At the EDGAR home page (www.sec.gov), go to “Company Filings Search” under the heading “Filings.” On the new screen, search by company name (EDGAR is picky about the exact form of the company name, so you may want to click the “contains” button.)...
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...the SEC detailing their financial operations over the previous quarter or year, respectively. These corporate fillings are available on the SEC Web site at www.sec.gov. Go to the SEC Web site, follow the “Search for Company Filings” link, the “Companies & Other Filers” link, enter “Dell Computer,” and search for SEC filings made by Dell. Find the most recent 10Q and 10K and download the forms. Look on the balance sheet to find the book value of debt and the book value of equity. If you look further down the report, you should find a section titled either “Long-term Debt” or “Long –term Debt and Interest Rate Risk Management” that will list a breakdown of Dell’s long-term debt. Answer: The book value of a company's equity is the same as stockholder's equity, which can be computed by subtracting the total value of liabilities from total assets. (Total Assets) = (Total) Liabilities + Stockholder's Equity (book value of equity). Stockholder's Equity (book value of equity) = Total Assets –Total Liabilities. The book value of the company’s liabilities and equity was found from the site http://www.sec.gov . I found Dell’s Form 10K, dated January 28, 2011, and snap shot is attached here with. Dell’s Form 10K shows the following: Book value of equity: 10-k: Total Assets =38,599 millions; Total Liabilities = 30,833 (Dell 10-K, January 28, 2011, p.57) Book value of equity = Total Assets –Total Liabilities = $38,599 – $30,833 = $7,766 millions, (Dell 10-K,...
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...Lab #1 assignment Assess the impact of sarbanes-oxley (sox) compliance law on Enron Course Name: Information Technology Audit & Control Student Name: Abdullah Shafea, Ammar Alshehri and Mohammed Rammal Instructor Name: dr. k. Mustafa Lab Due Date: 23/2/2016 Overview Enron, a corporation headquartered in Houston, operated one of the largest natural gas transmission networks in North America, totaling over 36,000 miles, in addition to being the largest marketer of natural gas and electricity in the United States. Enron managed the world's largest portfolio of natural gas risk management contracts and pioneered innovative trading products. The company was on Fortune's "Most Innovative" in the United States listing for several years running and reached 7 on the Fortune 500 list in 2000. Its bankruptcy in December 2001 was the largest such filing in United States history. The name Enron became synonymous with corporate greed and corruption, and its demise cost investors and employees over $70 billion in lost capitalization and retirement benefits. Enron shows us what a company and its leadership are capable of, when they are obsessed with making profits at any cost. One of Enron's lasting effects was the creation of the Sarbanes-Oxley Act of 2002, which tightened disclosure and increased the penalties for financial manipulation. Second, the Financial Accounting Standards Board (FASB) substantially raised...
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...Ethics and Compliance Leslie Hope, Quo-vades Simonton, Teresa Duncan, Kizzy Richardson FIN/370 August 2, 2012 Professor Franklin Olivieri Ethics and Compliance This paper contains analyzed data of the organization Lowe’s Home Improvement Stores. Lowe’s is a home improvement store that provides its customers with the supplies needed for any improvements around the home. The discussion hereafter will assess the role of ethics in the financial department and describe the procedures the company has to encourage ethical behavior. Next, explain the role financial markets in the United States. Followed by how Lowe’s complies with Securities and Exchange Commission (SEC) regulations. Lastly, provide an evaluation of the company’s financial performance last two annual periods, followed by the calculations of ratios for each year. The ratios include current, debt, return on equity, and days receivable along with an explanation for trends. The code of business conduct and ethics at Lowe’s improvement stores starts with the board of directors down to the newest employee. Everyone associated with or represented by Lowe’s is required to read and adhere by the code of conduct. Lowe’s values its reputation as a leader when complying with governmental regulations involving ethics. Lowe’s applies ethics in its financial dealings by requiring, under Section B of the code of conduct. That “employees and members of their immediate families should not have any financial interest, direct...
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...Case Introduction Danle Corporation (Danle), a public company engaging in vehicles manufacturing business used asbestos in the past three years. In fiscal year 2008 and 2009, Danle received two similar complaints about mechanics suffered severe illness due to the exposure to asbestos from the parts manufactured by Danle. Danle disclosed neither of the lawsuits litigations in the 2008 & 2009 Form 10-K, even though the external counsel offered evidence showing the potential possible liability for Danle in Dec 2009. For the three Fiscal Year 2010’s Form 10-Qs (1st, 2nd & 3rd quarters), Danle disclosed related information about the potential loss in the footnotes and consolidated financial statements in 2010’s Form 10-K. Question 1: Disclosure Issue 2009 In 2009, the conclusion reached by Danle’s management after further assessment of the evidence discovered led the company determined not disclosing anything about the matters in its Form 10-K for the year end Dec 31,2009. However, we have totally different conclusions. According to FASB definitions for Probable, Reasonably Possible and Remote are as follows: 1. Probable: The future event or events are likely to occur; 2. Reasonably Possible: The chance of the future event or events occurring is more than remote but less than likely. 3. Remote: The chance of the future event or events occurring is slight. In December 2009, evidence discovered by Danle’s external counsel concluded that Danle could potentially...
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...APPROVAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB Number: 3235-0063 Expires: April 30, 2015 Estimated average burden hours per response ... . 1,998.78 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 GENERAL INSTRUCTIONS A. Rule as to Use of Form 10-K. (1) This Form shall be used for annual reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)) (the “Act”) for which no other form is prescribed. This Form also shall be used for transition reports filed pursuant to Section 13 or 15(d) of the Act. (2) Annual reports on this Form shall be filed within the following period: (a) 60 days after the end of the fiscal year covered by the report (75 days for fiscal years ending before December 15, 2006) for large accelerated filers (as defined in 17 CFR 240.12b-2): (b) 75 days after the end of the fiscal year covered by the report for accelerated filers (as defined in 17 CFR 240.12b-2); and (c) 90 days after the end of the fiscal year covered by the report for all other registrants. (3) Transition reports on this Form shall be filed in accordance with the requirements set forth in Rule 13a-10 (17 CFR 240.13a-10) or Rule 15d-10 (17 CFR 240.15d-10) applicable when the registrant changes its fiscal year end. (4) Notwithstanding paragraphs (2) and (3) of this General Instruction A., all schedules required by Article 12 of Regulation S-X (17 CFR 210...
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...by the Securities and Exchange Commission (SEC). The Auditing Standards Board (ASB) of the AICPA is responsible for establishing auditing standards for the audits of private companies. However, prior to the SOX Act, the ASB established standards for private and public companies. Thus, the PCAOB adopted existing standards established by the ASB as interim audit standards. The PCAOB is now issuing its own auditing standards, including establishing standards for audits of the effectiveness of internal control over financial reporting. 2-10 The criticism of the 10 GAAS by some critics, is founded in the belief that by the GAAS being more specific, then they would thereby eliminate some difficult audit decisions provide a line of defense for a CPA firm charged with conducting an inadequate audit. However, highly specific requirements could turn auditing into mechanistic evidence gathering, devoid of professional judgement, from differing points of views, there is probably greater harm in defining authoritative guidelines too specifically than too broadly. 2-16 a. (1) b. (2) c. (3) d. (3) 2-20 a. Firstly, Rossi and Montgomery's primary ethical consideration is their professional competence to perform all of the audit work for filing with the SEC. In addition, if Rossi and Montgomery have performed bookkeeping services or certain consulting services for Mobile Home, they will not be independent under PCAOB and SEC independence requirements. The firm must also...
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