Apple Inc. Acquisition Report

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.

SELECTED COMPANY:

1. Corporation.

• Apple Inc: NASDAQ: AAPL

2. Reason for choosing this company:

• I thought long and hard, and I am choosing Apple Inc because I and everyone are obsessed with apple products. If I (we) are going to keep being obsessed, I think it's important to know about the ins and out of the company that produces our favorite gadgets.

3. Link to company 10K

• https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019322000108/aapl-20220924.htm

4. Page numbers for all four required financial statements: 

• Income Statement; doesn't have a specific page
• Balance Sheet; pg. 31
• Statement of Stockholders Equity; pg. 32
• Statement of Cash Flows; pg. 33

5. What financial statement appears first? The income statement or the balance sheet is commonly first.

• Balance sheet appears first.

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.sec.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 

1. 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.
2. Each student must select a different company, so read the company names chosen by classmates. The company must be a publicly traded company.
3. 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.

Report Layout

1. 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.
2. Page count does not include a title page, tables and exhibits, and reference list.
3. 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.
4. 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.
5. You must include the Income Statement, Balance Sheet, Statement of Shareholders' Equity, and Critical Audit Matters in your report.
6. You are to compare current and prior year statements and what changed. You can copy directly from the SEC 10-K Report. The statements are not included in the page count.
7. APA style is required for citations and a reference list. The report must include the reference list.