– What do the footnotes say about the use of estimates?

Q7- What does the footnote say about contingent liabilities (use bullet type statements from the footnote)?

Q14- Copy for this exam as written the independent auditor’s opinion letter.

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Q19- Does the annual report contain financial highlights/selected financial data (or show trends of certain figures)? If so, on what accounts do they show? I.e. revenues, etc.

Q20- Does your balance sheet show an amount for goodwill, if so, what per cent of total assets is goodwill?

Q22- What is the book value per share for the current year? Get the current market price (stock price) from any 2013 day (stock market) and compare the two by showing both figures.

Q25- How many shares of common stock are outstanding for the current year? List the par value, if stated, of the stock. (From balance sheet).

Q27- Pick three of the footnotes-list them and discuss what they mean.

Q30- What do the footnotes say about the use of estimates?

Q31- What do the footnotes say about revenue recognition?

Q33- Does the company discuss lawsuits in its footnotes?

Q35- Other than the opinion report by the independent

Q36- Does the annual report list the Board of Directors?

Comment on the Board of Directors whether you think

they are good for the Company.

Q37- List some of the reconciling account names from the

Statement of Stockholders’ Equity.

List the intangible assets owned by your company.
From the Letter from Your Management, list three or
four points regarding what they have say about the

Company’s future.

From the report cards, do you think the company is
doing well. Would you invest in them? Go to work

for them?


 

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