cost accounting

THE SEC 10-K project in Cost Accounting should focus on cost-related information found in the financial statements and disclosures of the SEC 10-K filing of a manufacturing corporation.  Using knowledge learned in prior accounting courses, you can compare and contrast the SEC 10-K Report of a manufacturing to a non-manufacturing corporation.

To simulate processes used by practicing accountants, you will present analyses and findings to the class and participate in a peer review process in the Discussions area.

Use the Weeks 1-6 Discussions postings to prepare drafts of your Word document report, Excel spreadsheet, and PowerPoint presentation.

Use the Excel spreadsheet for supporting computations and schedules for vertical and horizontal analysis of key financial indicators of performance. You should always show changes from the base year as percentages, so the spreadsheet can be a really helpful tool to support your Discussion postings over Weeks 2-5. Focus exclusively on cost accounting-related information and ratios in your spreadsheet.

1. Microsoft Word document:

–           Estimated length: five to seven (5-7) pages

–           1 inch margins top & bottom; 1 to 1.25 inches on left & right sides
–           Line spacing: single spacing with double spacing between paragraphs
–           Font size: 12 CPI
–           Font style: Times New Roman
–           Save the file with YOUR NAME in the file name.
Example: YourNameSECreport.docx

2. Excel Ratio File spreadsheet:

–           Using the SEC Financial Statements Ratios and Calculations, prepare a ratio analysis of your SEC corporation’s current and prior years financial statements. In addition to presenting the year to year profit and loss and balance sheet variances, calculate inventory turnover, operating margin, working capital and operating margin. Explain the value of understanding why inventory balances, inventory turnover, cost of goods sold, operating margin, and working capital are important metrics for Cost Accounting. Label your work in Excel to assist those who read your work.

–           Using the SEC 10-K financial statements, create a three year comparative income statement with summary line items focusing on revenue through net income with key line items included but items of lower value appropriately grouped as All other Expenses. Revenue, Cost of Goods Sold, SG&A, and Income Tax Expense should be separate line items. Include a vertical analysis column for each of the three years presented.

for the full topic see the attach document