Individual Problems Assignment

Individual Problems Assignment

I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Bulletin relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper, I understand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University.

Complete the following exercises in Understanding Financial Statements: Case 1.1, Problem 2.19, and Case 2.1. Case 1.1 Intel Case The 2010 Intel Annual Report can be found at the following Web site. Using the annual report, answer the following questions: a. Describe the type of business in which Intel operates.

The types business that Intel operates is that they sell devices like processors for PCs and internet servers. They also design and manufacture these devices but are optimistic to expand and cover complete hardware and software merchandises and not only the devices to upkeep equipment for others.

b. Read the letters from CEO and the chairman and discuss any information learned from this letter that might be useful to an analyst. The president’s statement about Intel of how they will go into new markets seems significant as it indicates a new route to increase customers however also increase competition. Stream of traffic crossing the web in 2010 was larger than in all prior years collectively. That is very surprising and the degree of development is quite remarkable to stakeholders and analysts. Intel is the prime consumer of green power in the U.S. An analyst may perhaps or not observe that this probable indicates that Intel is an enormous power customer and therefore if an analyst considers that power prices will raise, it will affect Intel.

c. What type of audit opinion was given for the financial statements and the internal financial controls of Intel? Explain the key items discussed in the audit reports. The audit opinion was “clean” meaning no exceptions. That is, the financial reports are equally itemized in accordance with GAAP and the systems of controls surrounding the financial reporting are working as designed.

d. Read the management Discussion and analysis MD&A). Discuss whether the items that should be addressed in the MD&A are included. Support your answer with examples from the Intel MD&A. Yes, the MD&A has the main parts needed. The MD&A comprises a synopsis of the financial results, dialogue about strategy, critical accounting estimates, investments, taxes, inventory, accounting changes, results of operations by segment and margins, and restructuring charges. The discussion contains the business outlook, the use of fair values, but I didn’t discover the section on business risk. I did not locate it after checking to see it.

e. After reading the MD&A, discuss the future prospects of Intel. Do you have any concern? If so, describe those concerns. The projections look very decent. They have firm outcomes and a strategy that makes clear logic given the market. The thing I don’t know about and would be concerned about is the competition. My biggest concern is; what if Microsoft wants to make devices? Intel is equally reliant on computer creators currently. External dangers are not deliberated that much because Intel cannot control it or recognize too much about it. The discussion is more about internal actions and back-ward looking financial outcomes. Case 2.1 Intel Case

The 2010 Intel Annual Report can be found at the following Web site. Using the annual report, answer the following questions: Prepare a common-size balance sheet for Intel for all years presented.

a. Describe the types of assets Intel owns. Which assets are the most significant to the company? Using the notes to the financial statements, discuss the accounting methods used to value assets. What other information can be learned about the asset accounts from the notes? Have there been significant changes to the asset structure from 2009 to 2010? They possess cash, investments, receivables, inventory, long-lived assets and goodwill.

Approximately a third of the assets are property, plant and equipment (PPE). The PPE is depreciated using straight line method over 2 to 4 years for machinery and equipment and 4 to 40 years for buildings. They get the most out of interest in long-lived assets they build themselves. Per footnote within the chapter, many of the short and long-term investments are valued at their fair values. There is wide data about valuations and whether the revaluations are recurring or nonrecurring. There have not been broad changes in benefit structure. The only immense modification is in short term investments (please see excel spreadsheet).

b. Analyze the accounts receivable and allowance accounts.

c. Describe the types of liabilities Intel has incurred. Which liabilities are the most significant to the company? Have there been significant changes to the liability and equity structure from 2009 to 2010?

The most substantial debt is vendor accruals (AP and accrued items) and long term debt. There has not been a key change from 2009 to 2010 (please see excel spreadsheet). Equity is greater since they distributed some common stock and had earnings (increased RE). d. Describe the commitments and contingencies of Intel.

Please note 29 on contingencies describe a number of legal proceedings for which the outcome is uncertain. e. Under which classification(s) are deferred taxes listed? What item is the most significant component of deferred taxes?

As mentioned in Note 28, deferred taxes are list below present assets,
noncurrent assets, and noncurrent liabilities. Share-based compensation is the biggest component of deferred taxes. f. What equity accounts are included on the balance sheet of Intel? Preferred stock, common stock, other comprehensive income and retained earnings. 2.19. From the following accounts, prepare a balance sheet for Chester Co. for the current calendar year. Chester Co.

Get Best affordable custom college essay from StudyAcer .

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work With StudyAcer


Quality Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.


Qualified Writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.


Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account.


Prompt Delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. We will always strive to deliver on time.


Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text.


24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done


Place your order

Fill in the order form and provide all details of your assignment.


Proceed with the payment

Choose the payment system that suits you most.


Receive the final file

Once your paper is ready, we will email it to you.

StudyAcer Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

StudyAcer StudyAcer


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

StudyAcer StudyAcer


Admission Essays

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

StudyAcer StudyAcer


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

StudyAcer StudyAcer


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied.