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Pages:
4 pages/≈1100 words
Sources:
3 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 20.74
Topic:

Tesla Inc.: Good Investment Company

Coursework Instructions:

Instructions
ACCT-221 10-K Project Instructions
Overview
As an analyst for a large U.S. multinational corporation, you are assigned to examine a possible acquisition candidate, completing an initial search and review. Your supervisor is a member of the Controller's team. The Controller reports directly to the Chief Financial Officer (CFO). Your work may be presented to various audiences, so professionalism is essential in all deliverables you create. As you review historical financial statements, you cannot conclude if this company is a good investment.
Select a publicly-traded company.
The company must have Accounts Receivable and Inventory. You must select a retail or manufacturing company.
You must research and secure the SEC 10-K Annual Report for the most recent year by visiting and searching the SEC EDGAR system.
Save the 10-K document to your computer for access. Please do not print this file, as the report is usually 100 pages or more.
Use the selected company in the discussion postings throughout the semester. The discussion questions are designed to help you build content for your report and presentation.
Reading an SEC 10-K Report: The following link will access the SEC's document: How to Read an SEC 10-K Report. http://www(dot)sec(dot)gov/answers/reada10k.htm
Course Learning Objective Assessed: Identify and communicate with accounting and financial information users to facilitate analytical decision-making.
Report Requirements
Report Content
Post the name of your desired company in the Week 1 SEC 10-K Project discussion for your instructor's approval. Your post must answer all parts of the discussion.
Each student must select a different company, so read the company names chosen by classmates. The company must be a publicly-traded company.
Your report should comment on the financial statements for your company as they relate to the information presented through Week 5 material for this class, including the notes to the financial statements.
Do not consider the material from Weeks 7 and 8 in your report.
The report must be submitted after Week 5 material.
Report Layout
Write a minimum of a 3-page (a full-page typically has at least 300 words) report, single-spaced, one-inch margins, 12-point font, with a double space between paragraphs. This page requirement includes data visualization (charts and graphs) that you create but the report should be primarily your written analysis.
Page count does not include a title page, tables and exhibits, and reference list.
Include a title page (include your name on the title page). The report must consist of headings such as Accounts Receivable and Inventory (topics from the textbook); other examples would be Income Statement, Balance Sheet, and the Statement of Shareholders' Equity.
Include a brief introduction of your company as well as a conclusion/summary at the end. Most of your report should include accounting topics in weeks one through five.
Your report must cover the Income Statement, Balance Sheet, Statement of Cash Flows, and Critical Audit Matters.
You are to compare current and prior year statements and what changed. Do not cut and paste anything into the body of your report. You can copy the financial statements directly from the SEC 10-K Report into a report appendix but not into the body of the report. The statements are not included in the page count.
APA style is required for citations and a reference list. The report must include the reference list.
Resources
Visit the Accounting Toolbox in the Course Content of the ACCT 221 LEO classroom. The Accounting Toolbox is a constant resource in our UMGC undergraduate accounting courses.
Links and explanations to assist you with this report may appear in this resource.
Your professor will provide additional guidance.
Academic Integrity
You must comply with the UMGC Policy for Academic Integrity.
Write your report using accounting terms from our textbook and explain how these terms relate to your company's financial statements. Thoroughly paraphrase in your own words and your writing style and structure. Changing a few words from the original is not fully paraphrasing.
The discussion postings throughout the semester should assist you in completing this report. However, do not copy and paste your discussion responses in your report.
*My Company is TESLA* link is below.
https://www(dot)sec(dot)gov/ix?doc=/Archives/edgar/data/0001318605/000095017022000796/tsla-20211231.htm#item_8_financial_statememts_supplementar

Coursework Sample Content Preview:

Tesla, Inc. SEC 10-K Project Report
Author
Institutional Affiliation
Course
Instructor
Due Date
Tesla, Inc. SEC 10-K Project Report
Tesla is an international automotive and energy manufacturer that Elon Musk, Martin Eberhard, J.B. Straubel, Marc Tarpenning, and Ian Wright established in 2003. The head office of the company is located in California, U.S.A. This corporation aims to establish a sustainable energy ecosystem by developing affordable cars and unique green-energy solutions. Tesla provides many products, including electric vehicles, solar panels, battery energy storage devices, and many more (Tesla, n.d.). The company has an impressive track record. According to Fortune (n.d.), Tesla climbed 35 positions to No. 65 in 2021. Despite the Covid-19 pandemic challenges, Tesla was able to record profits, as evidenced in its SEC-10K report for 2021.
Income Statement
It is also known as the profit and loss statement, and its role is to report the business’s earnings per share, cost of goods sold, net sales, operating expenditures, and net profit. Going through the income account of Tesla, it is evident that the company experienced slow growth in its net sales primarily due to the COVID-19 pandemic’s effect, which sent shockwaves to all sectors of the economy. Tesla’s net sales increased from $24,578 million in 2019 to $31,536 million and $53,823 million in 2020 and 2021, respectively. This increase was 70.67% from 2020 to 2021. The cost of revenues also experienced the same path as revenues, with a slight increase from 2019 to 2020 primarily due to the covid-19 rules that led to the shutdown of significant industry operations. In 2019 Tesla experienced a loss of $775 million, but this changed in 2020 when it recorded a profit of $862 million. This increase was 554.76% to $5,644 million in 2021 (Tesla SEC 10-K)

2021

2020

2019

Net Sales

$53,823,000,000

$31,536,000,000

$24,578,000,000

Cost of Revenue

$40,217,000,000

$24,906,000,000

$20,509,000,000

Net Profit

$5,644,000,000

$862,000,000

($775,000,000)

Balance Sheet
Experts also refer this account as the statement of financial position, its role being to demonstrate an organization’s assets, liabilities, and equity over a particular trading period. This statement provides information about the resources, obligations, and net equity. Moreover, it gives more insights into the company’s future cash flows.
Working Capital
From the balance sheet, Tesla’s working capital decreased from $12,469 million in 2020 to $7,395 million in 2021. This decline can be attributed to cash and cash equivalents’ reduction from $19,384,000,000 in 2020 to $17,576,000,000 in 2021. There was an increase of $10,983 million in the company’s total assets from the previous year. The accounts receivable increased to $1,913 million in 2021 from $1,886 million in 2020. On the other hand, the accounts payable increased by $3,974 from the previous year, 2020. The total liabilities increased from $28,418 in 2020 to 30,548 in 2021. Total stockholder’s equity also experienced a decrease of $24 million in 2021 from $...
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