Annual Reports

Activity Overview:
This activity gives students a chance to review actual financial information from annual reports
of real companies.
In a group of two, find a company’s recent annual report. Review the annual financial report and
identify the financial position balances. Identify the following numbers:

Assets Liabilities

1. Current Assets 1. Current Liabilities

a. Cash a. Accounts Payable
b. Accounts Receivable b. Taxes Payable
c. Inventory c. Notes Payable
d. Prepaids d. Other Liabilities?
e. Other Assets? 2. Long-Term Liabilities
a. Bank Loans Payable
b. Long-Term Debt
c. Other Long-Term Liabilities
2. Fixed Assets
a. Land & Building Equity
b. Machinery & Equipment
c. Furniture & Fixtures 1. Stock (Common & Preferred
d. Intangible Assets combined)
e. Other Assets? 2. Retained Earnings

Identify any highlights of the fiscal year. What is their Fiscal Year? What did they
accomplish? List 3 things.

Who is their auditor? Review the audit opinion. What are the critical matters?

Make a 5-minute presentation highlighting what the company is, what is their fiscal year-
end, the three things the company accomplished during the fiscal year, who is their auditor,
the audit opinion and any critical matters.