Advance Accounting

Key Assignment Draft

IMPORTANT NOTE: You may have to research more than 1 company to complete the Key Assignment. Plan accordingly.

The purpose of this Key Assignment is to get familiar with annual reports and to understand the financial implications of the following:

Equity method of accounting versus consolidation
Reporting of investments based on cost/equity
Goodwill reporting
Intercompany and intracompany transactions
Access the company’s Web page on the Internet to read its most recent annual report. The annual report is typically found in an “Investor Relations” or “Company Information” section within the company’s Web site. If the company does not provide a full annual report, select another company for your project. Verify that the full annual report includes the following:

A letter or report to shareholders from the president of the company
A section providing management’s discussion and analysis of the business
A report from the auditor
The company’s financial statements
Supplemental notes to the financial statements
Once you have found a full annual report, complete each part of the assignment.

Please cover all of the items listed in the questions below. You can select more than 1 company if your chosen company does not have all the items listed below.

Using the financial statements of your company (or companies), write a 1,000–1,500 word paper that addresses the following questions:

What GAAP principles govern the consolidation of financial statements?
How are consolidated and equity methods of accounting different?
What investments has the company made in affiliated companies? Examine its footnotes.
Comment on the accounting for investments in affiliated companies after looking at the footnotes.
List the investments it has.
Does it use cost basis or equity method of accounting, or both?
When do you use the equity method of accounting?
Goodwill is the difference between the acquired assets and acquired liabilities.
(Find a company that has goodwill). Examine the balance sheet and the footnotes. What is the goodwill related to?
What FASB covers the reporting and accounting of goodwill?
What is the difference between old goodwill reporting and new goodwill reporting?

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Benefits of our college essay writing service

  • 80+ disciplines

    Buy an essay in any subject you find difficult—we’ll have a specialist in it ready

  • 4-hour deadlines

    Ask for help with your most urgent short tasks—we can complete them in 4 hours!

  • Free revision

    Get your paper revised for free if it doesn’t meet your instructions.

  • 24/7 support

    Contact us anytime if you need help with your essay

  • Custom formatting

    APA, MLA, Chicago—we can use any formatting style you need.

  • Plagiarism check

    Get a paper that’s fully original and checked for plagiarism

What the numbers say?

  • 527
    writers active
  • 9.5 out of 10
    current average quality score
  • 98.40%
    of orders delivered on time