Bank of America

There are 4 parts but ignore the dropbox instructions..
They need to be labeled part A,B,C,D..
Instructions

Upload a file with the following information into the Dropbox:
a. The name of a public company (if it is a public company, all of the financial information can be found in the Investor Relations section of the company website) that you are interested in.
b. Income Statement information from the most recent financial statements including:
i. Total Revenues amount
ii. Total Expenses amount. Also name some of the types of expenses shown on the income statement
iii. Total Net Income/Loss amount
c. Balance Sheet information from the most recent financial statements including:
i. Total Assets amount
ii. Total Liabilities amount
iii. Total Equity amount
iv. Write out the amounts as the accounting equation to see if assets, liabilities, and equity balance
d. Name the file “[your name]_Project_PartA” and upload it into the Dropbox
Instructions

B)Continue with the information from Part A and add the following:
a. Review the income statement and balance sheet again and determine which of the income statement or balance sheet items may have been impacted by adjusting entries. For example, if “Depreciation – Equipment” is shown on the income statement, list it in your file.
b. Based on the adjusting entry items you listed in a, describe how you think the journal entry was created. Using the same example, you could say “Debit Depreciation Expense, Credit Accumulated Depreciation”
c. Name the file “[your name]_Project_PartB” and upload it into the Dropbox.
C) nstructions

Continue with the information from Part B and add the following:
a. Inventory amount
b. Cost of Goods Sold/Cost of Sales amount
c. Look in the notes to the financial statements and copy and paste any footnote or disclosure related to the companies inventory method.
d. Name the file “[your name]_Project_PartC” and upload it into the Dropbox.
D) Special Project Part D – FINAL
Instructions

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Continue with the information in Part C and add the following:
a. Current Ratio using the balance sheet information; SHOW YOUR WORK
b. Quick Ratio using the balance sheet information; SHOW YOUR WORK
c. Compare your company’s current ratio with one of it’s competitors. For example, if you chose Walmart, compare Walmart’s current ratio with Target’s current ratio.
d. Describe which company you would feel most comfortable investing in and why.
e. Summarize a current news topic related to this company (e.g. The company has had auditing issues or restatements, the company has liquidity issues, the company has higher/lower than expected earnings, etc.). Site your work.
f. Name your file “[your name]_Project_Final” and upload it into the Dropbox. Then smile because you are done!

Note: This file should include information from Parts A, B, C, and D.
Needs to be 5-7 minutes long and should include powerpoint slides.