AC847 - Intermediate Accounting - Pharmaceutical or Medical Technology Company - Accounting Assignment Help

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Assignment Task :

Graduate students taking AC847 Intermediate Accounting 1 must complete all of the requirements of the undergraduate AC347 Intermediate Accounting 1 students. In addition, graduate students must submit a 3-6 page paper that meets the requirements described below.

Instructions:(AC847)
Each student must select three different U.S. companies that fit into one of the following categories.
Each category can only be used for one of the companies. The student must submit company choices to the instructor for approval no later than two weeks prior to the last class session. The categories are:

  • Retailer or distributor
  • Manufacturer
  • Company with a significant portion of its business from long-term construction projects
  • Pharmaceutical or medical technology company

 

For each company, the paper must address each of the following topics:
1.
Describe the accounting standards and accounting policy choices of the company as it relates to the following areas: revenue recognition; accounts receivable; inventory; property, plant & equipment; depreciation and impairments; and research, development & intangible assets.
2. Which of the firm’s accounting choices and reported financial results related to those choices are the most important from an investor perspective and why are they important?
3. Other: What other accounting choices should investors consider when evaluating an investment in the company, if any? What information related to firm performance or financial position is not included in the financial statements that would be useful for investors to know?

 

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