This is the 7th edition with a publication date of 6/13/2008.
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Understanding Annual Reports by William Pasewark
Understanding Corporate Annual Reports
In this project the student obtains and analyzes an annual report from a publicly traded corporation. Activities include: identifying corporate operations, gaining familiarity with the financial data presentation, recognizing trends, calculating ratios, and performing industry and primary competitor comparisons. This project takes approximately 8 to 20 hours to complete (average 10 hours).
Table of Contents
Purpose of this Project
Getting Acquainted with the Annual Report
The Primary Financial Statements
Cash Flow Statement
Statement of Changes in Stockholders' Equity
Notes and Supporting Schedules to the Financial Statements
Report of the Independent Accountants
Analysis of Profitability
Analysis of Liquidity
Analysis of Solvency
Industry or Competitor Comparisons
Making Decisions Based on the Annual Report
Appendix A – Obtaining Annual Financial Data
Appendix B – Obtaining Data for Industry Comparisons