Case 2 – Financial Statement Analysis Case 20 points This case is designed to show you how the items we have discussed this semester would actually be reported in a company’s financial statements filed with the SEC. Use the 10-K Report for Hewlett Packard (you can locate the report at: http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-irhome) to answer the questions below. You will need to use the entire report, including the Management Discussion and Analysis section as well as the footnotes and related disclosures. NOTE: DO NOT PRINT THE ENTIRE 10-K.
Case 2 – Financial Statement Analysis Case 20 points This case is designed to show you how the items we have discussed this semester would actually be reported in a company’s financial statements filed with the SEC. Use the 10-K Report for Hewlett Packard (you can locate the report at: ? HYPERLINK “http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-irhome” ?http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-irhome?) to answer the questions below. You will need to use the entire report, including the Management Discussion and Analysis section as well as the footnotes and related disclosures. NOTE: DO NOT PRINT THE ENTIRE 10-K. The document is too big. Search through the document by reading in the appropriate locations for each question to be answered. Use the table of contents and associated links to help you access this information more quickly. (You can also use the search/find feature) Required: Copy and paste the 16 questions listed below into a word document. You can then answer the questions directly on the word document by simply adding lines in between each question. Your final paper should be typed and include a cover sheet (or you can use a memo format) that includes each of the names of your group participants. Only one member of your group needs to submit the final copy of your report. Questions: Who was the Auditor and what type of opinion did they render? Did HP have any changes in or disagreements with accountants on their accounting and financial disclosures? In accordance with Sarbanes-Oxley, to what did management attest in the Management Report on Internal Control over Financial Reporting? In the section, “Qualitative and Quantitative Disclosure About Market Risk” of MD&A the company should discuss several risks they face. What risks does HP face? What could negatively impact your company? Does the company have any discontinued operations, change in accounting principles or extraordinary items? What caused…
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