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Accounting · Studypool

XACC 500 individual project

Instructions

The goal of this project is to complete a comprehensive analysis of two companies in the same industry (Google and Apple). Upload financial statements with typed assignment with responses labeled.

Obtain and begin to explore the financial reports for two publicly traded companies (Google and Apple) that compete with each other. They must be publicly traded, as private company financial statements will not be publicly available. While the two companies do not need to be head‑to‑head competitors, their main lines of business should broadly overlap.

Download the annual reports for each company, and peruse them.

Use the SEC EDGAR Website to locate the recent Form 10‑K (or other annual report such as 20‑F or 40‑F) (https://www.sec.gov/edgar/search/Links to an external site.). Download a spreadsheet version of financial statements. Use Appendix 1A as a guide. Use the annual report and the financial statements, along with any websites, to assess the companies’ business environment.

Explore the financial statements, and familiarize yourself with the company basics. The following give an indication of some questions that guide us as we look for answers.

What accounting standards are used, U.S. GAAP, IFRS, or other?

What is the date of the most recent fiscal year‑end?

Determine the relative proportion of short-and long‑term assets.

Determine the relative proportion of liabilities and equity.

Based on the two companies (Google and Apple) selected, answer the following questions for the most recent year for each comQuick Summary of the SEC 10K Project:

INSTRUCTIONS

Please use the attached sample Individual project to answer all required answers on each tab. Thank you.