In certain industries, companies do not have inventories. For example, the service industry and software industry do not have inventories. If your firms are from those
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In certain industries, companies do not have inventories. For example, the service industry and software industry do not have inventories. If your firms are from those industries and you are not able to find the inventory data, please clearly indicate in the project that the inventories are not available in the particular industry.
In some of the financial statement, “merchandise inventory ” is the inventory account.
3. Do we need special format for the project?
Please clearly indicate the parts of the project.
Please organize your project in paragraphs with subtitles. You also need to report vertical analysis in a table. Please submit your project on moodle. Only word document and PDF are allowed for submission.
4. Where to find the financial statement information?
Please read the slides in Module 1 Topic 5 Resources to Get the Financial Data.
Here is the SEC search link: https://www.sec.gov/edgar/searchedgar/companysearch.html
5. Do I need to find two companies with identical accounts? How about the two financial statements are different?
You don’t need to. You can consolidate several items into one. For example, if you have current assets other than cash, inventory, accounts receivable, you can add several items together as
other current asset. Or you can compare the same account the company has and leave the different accounts out.
6. There are several statements with the word “income”. I am not able to locate the income statement.
“Consolidated Statement of Operation” and “Consolidated Statements of Earnings” are both different names for income statement.
If you are not able to find them, the income statement can be part of “Consolidated Statements of Comprehensive Income “. You only need the items above net income, which includes revenues, expenses, gains and losses.