Acquire an annual report from the publicly traded corporation that is interesting to you. Be sure the company’s financial statements comprise deferred taxes, dilutive securities, post-retirement benefits, and share-based compensation.
Using techniques you’ve learned in previous weeks, answer to following questions.
What amount of deferred tax liabilities or deferred tax assets are on two most current years on the balance sheet? What provides rise to these deferred taxes? What information is disclosed in footnotes related to deferred taxes? Please describe a deferred tax asset and deferred tax liability.
What temporary and permanent dissimilarities does the company disclose in their footnotes? What are some other instances of temporary and permanent dissimilarities?
What is amount of income tax provision in two most recent years on the income statement? What information is revealed in footnotes relating to income tax expense? Does the company have the net operating loss carry-forward or carry-back? What are the guidelines for the carry-forwards and carry-backs?
Does the company have the defined benefit or defined contribution plan? What are the major elements of plan discussed in footnotes? What amounts on balance sheet relate to this plan? What are differences between defined benefit and defined contribution plans?
What are earnings per share amounts disclosed on income statement for most current year? What dilutive securities are discussed in footnotes? Please recognize and explain other instances of dilutive securities. How do such impact earnings per share?
What type of share-based compensation does the company have? What was compensation expenditure for two most recent years? What are the major elements of this plan discussed in footnotes? Please recognize and explain other types of share-based compensation.
Does the company employ the direct or indirect cash flow presentation technique? What is the differentiation between these two techniques? How does the cash flow statement agree to the other financial statements?
What investing and financing activities does company encompass? What are some other instances of investing and financing activities?
What noncash transactions does company have on its cash flow statement? What are some other instances of the noncash transactions?