The essay is over do i need it in single spaced
3:10 PM Wed Dec 14 = 69% [1% ) LEX] online.hiram.edu & Writing Assignment #1 Choose a company and access their latest annual report. You can find their Form 10K by going to sec. gov. Then, on the top right hand side, in the Search box above “company filings”, type in the name of your company. As you are typing in the name of your company, a list will come up. Click on your company. Under “Selected Filings” click on the “+” sign next to “10-K Annual Reports”. Click on the latest 10-K report. Scroll down and click on “Item 8 — Financial Statements and Supplementary Data”. If you scroll down a bit, you will find their financial statements and their footnotes. Remember you want their financial statements and the footnotes that go with it. Within the 10K report, you can also click on “Item 7 — Management’s Discussion and Analysis”. You may find some additional information there. Review their financial statements, notes, management’s discussion and analysis, critical and significant accounting policies, etc. as it relates to inventory. You may also find some information on the company web site. Now, pretend that you are a staff accountant for Smith & Smith, CPA’s, and the company that you selected above has asked your firm to submit a proposal to perform their annual financial statement audit. This will be a big client for your firm and various staff members have been asked to describe certain balance sheet accounts. You have been asked by your manager, Ryan Jensen, to put together a 2-page memo (single spaced) describing the inventory for this company. For instance, what products make up inventory, is this company a merchandiser or a manufacturer, what is their accounting policy as it relates to inventory, how significant is the inventory as a percentage of total assets, what are the components of their inventory, etc. At the end of the day, the purpose of your memo is to help your manager understand the inventory of the company that you have selected. You might want to start out your memo by providing some background information on the company, such as what they do, what they make, maybe where they are located, etc. 41 3:10 PM Wed Dec 14 = 69% [1% ) LEX] online.hiram.edu & your company, a list will come up. Click on your company. Under “Selected Filings” click on the “+” sign next to “10-K Annual Reports”. Click on the latest 10-K report. Scroll down and click on “Item 8 — Financial Statements and Supplementary Data”. If you scroll down a bit, you will find their financial statements and their footnotes. Remember you want their financial statements and the footnotes that go with it. Within the 10K report, you can also click on “Item 7 — Management’s Discussion and Analysis”. You may find some additional information there. Review their financial statements, notes, management’s discussion and analysis, critical and significant accounting policies, etc. as it relates to inventory. You may also find some information on the company web site. Now, pretend that you are a staff accountant for Smith & Smith, CPA’s, and the company that you selected above has asked your firm to submit a proposal to perform their annual financial statement audit. This will be a big client for your firm and various staff members have been asked to describe certain balance sheet accounts. You have been asked by your manager, Ryan Jensen, to put together a 2-page memo (single spaced) describing the inventory for this company. For instance, what products make up inventory, is this company a merchandiser or a manufacturer, what is their accounting policy as it relates to inventory, how significant is the inventory as a percentage of total assets, what are the components of their inventory, etc. At the end of the day, the purpose of your memo is to help your manager understand the inventory of the company that you have selected. You might want to start out your memo by providing some background information on the company, such as what they do, what they make, maybe where they are located, etc. This assignment must be in the form of a memorandum. Use the Professional Memo Format Example in the course resources section. The Effective Writing Rubric for this assignment can be found in the course resources section.