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Objective
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The
objective of this project is to give students an opportunity to learn how to
develop notes to the financial statements.
This will include determining which items need to be included in the
notes, which items need to have additional information provided in the notes,
how the notes should be written, and the use of proper grammar in writing the
notes. The students will also learn how to write professional and business
information in a comfortable, easy manner in which readers can understand the
meaning behind what is written.
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Description
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During the course, you will be required to
develop a Course Project having to do with writing notes for a fictitious
annual report. You will hand in the project at the end of Week 8.In order to
assist you in writing the notes, you may use the notes from the Proctor &
Gamble financial statements, as shown on pages 246-277 in the ebook, or you
may use those shown as examples in Chapter 24. Although you may use these as
examples, you are not to use the actual notes, or the notes from any other
company, because this would be considered plagiarism (and if discovered,
would result in a grade of “F” or zero points for the assignment).Your
project should consist of, but not be limited to the items presented below.
Note 1: Significant
Accounting Polices (consisting of at least 10 items)
Notes 2-11+: Consisting
of at least the items below.
Inventory
Property,
Plant, & Equipment
Contingencies
and Liabilities
Changes
in Accounting Principles or Estimates
Post
Balance Sheet Events
Mergers
and Acquisitions
Lease
Obligations
EPS
Long-Term
Debt
Employee
Pension Obligations
If you have any questions, please feel free
to contact your instructor.
Good luck.
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Guidelines
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1.
The notes will include a "Summary of Significant
Accounting Principles" as Note 1.
2.
The notes will then include detailed information regarding
at least 10 different items that are usually contained in the notes to the
financial statements.
3.
The student will gain experience in writing business
topics and the need to have detailed information provided in the notes to the
financial statements.
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Grading
Rubrics
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Category
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Points
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%
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Description
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Making
proper selection of items to be included in the notes to the financial
statements
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35
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23
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From
the review of the Proctor & Gamble financials and the review of Chapter
24 for full disclosure requirements, the student will be able to determine
which notes to be included.
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Determine
what information should be included in Note 1.
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35
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23
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The
information and accounts that are included in Note 1 are those that are
necessary for the company to disclose how certain items are treated in the
company’s everyday transactions.
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Determine
the detail information that should be included in Notes 2-10+.
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60
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40
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It
is important for the student to understand the difference between information
furnished in Note 1 and a separate note detailing the information for the
subject of the individual notes.
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Proper
use of good business writing
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20
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14
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The
student needs to understand that proper business writing does not include
slang or improper use of words that are used in common day-to-day
discussions. Please follow APA format
and style rules, if applicable.
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Total
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150
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100
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A
quality project will meet or exceed all of the above requirements.
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