Business Finance
Suffolk University Uber Financial Accounting Annual Report Project

Suffolk University

Question Description

Need help with my Accounting question - I’m studying for my class.

Please make sure you choose a company that is publicly traded on an American Stock exchange AND is in the travel industry. Please send me the chosen company and wait for me to get approval on it before starting the project. Attached is the syylabus as well for the covered material

Annual Report Project: Each student will be responsible for conducting a research project of a company based on the material we have covered in this course. You may choose any company that is publicly traded on an American Stock Exchange. It is your responsibility to obtain an Annual Report for your desired company. A good place to start would be the library databases, specifically the Edgar database at www.sec.gov. Report requirements will be made available through Blackboard, the grading rubric is available in Attachment 1.

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Financial Accounting Annual Report Project The objective of this project is to take the concepts learned in the course and apply them to your company’s annual report. The following is a suggested format to use for this analysis: I. Executive Summary (2-3 paragraphs describing what the company is in business to do) II. Background and nature of the company’s business (3-5 paragraphs describing how the company got started and how it got to it’s place now) III. Discussion of the industry in which the company operates (2-3 paragraphs describing the industry in which the company operates and their key competitors) IV. Information related to the management and key executives (2-3 paragraphs about the company’s CEO/CFO) V. Financial statement analysis (this should be your focus)* A. Reproduce the company financial statements – Balance Sheet, Income Statement, Statement of Cash Flows and the Statement of Stockholders’ Equity. (This means you need to re-type them in either a Word or Excel document, you may not photocopy or cut and paste.) B. Ratio Analysis – using ratios on ‘Ratio Sheet’ (compute each ratio as shown below, then write 2-3 sentences describing what the ratio MEANS for the company. Don’t give me the definition of each ratio, tell me what the ratio means for the company) Example: Current Ratio = Current Assets/Current Liabilities 4,000,000/2,000,000 = 2 VI. Stock Journal - from: 1/13/20 To: 4/17/20 (the stock journal will be a day by day look at the company’s stock ups and downs, simply give the day and close for each business day in the time period listed. Example: 1/14/20 $25.67 1/15/20 $25.99 and so forth VII. Discussion (summary) of 5 footnote disclosure items. (choose 5 DIFFERENT notes to the financial statements and describe-5 paragraphs, make sure each Note is Labeled: Ex. Note #5) VIII. Summarize the letter by the auditing CPA firm (relevant information such as GAAP guidelines, changes in accounting principles, etc.) IX. Inventory principles used by the company (what method of inventory valuation does the company use, refer to inventory chapter in book-usually found in Note #1 or #2) X. Discussion of current events related to the company – three articles (choose three articles about the company and summarize each – I will need a copy of the actual article included in your report) XI. Recommendation – would you invest in this company, why or why not? (1-2 paragraphs on your decision to invest or not) School of Business Financial Accounting Course #ACT 211-OL1 Financial Accounting Online Semester Credit Hours: 3 units Instructor: Tammie Burkhart Grimm Hall, 2nd Floor E-mail Address:tammie.burkhart@cui.edu CRN #30003 Semester/Term: Spring 2020 Online Course via Cengage Phone Number: (949)680-7187 The MISSION of Concordia University Irvine Concordia University, guided by the Great Commission of Christ Jesus and the Lutheran Confessions, empowers students through the liberal arts and professional studies for lives of learning, service and leadership. Institutional Learning Outcomes for Undergraduate Students (ULOs) Written Communication (WC): Students will compose focused and coherent written content; organize and logically develop their ideas; find, analyze and integrate appropriate sources; and demonstrate facility in discipline- or genre-specific conventions of writing. Oral Communication (OC): Students will make verbal presentations in which they articulate a central message, organize main ideas, integrate appropriate supporting information, employ language appropriate for the topic and audience, and utilize delivery techniques that enhance the presentation. Systematic Inquiry (SI)—Critical Thinking & Information Literacy: Students will explain a problem, articulate a (hypo)thesis, investigate using appropriate sources, analyze the information, and craft logical conclusions and creative solutions to the problem. Quantitative Reasoning (QR): Students will demonstrate understanding of quantitative facts and concepts, perform calculations successfully, and apply problem solving strategies to analyze quantitative data and to draw appropriate conclusions. Christian Literacy and Faith (CLF): Students will describe the contents and contexts of the Bible, Christianity’s major teachings, how the Christian faith connects to their academic discipline(s) and vocations in life, and have many opportunities to receive instruction in the Christian faith. Service to Society and Church (SSC): Students will serve society in ethical and merciful ways, examining benefits gained and challenges encountered, and Christian students have many opportunities to serve the church. Informed and Responsive Citizenship (IRC): Students will explain how political and economic systems have influenced citizenship in the United States and the world; interact effectively and ethically with people of various cultural/global contexts; engage with and analyze the arts; articulate how the culture of scientific knowledge relates to other disciplines; and describe healthy lifestyles. Specialized Knowledge (SK): Students will apply knowledge in a specific field that draws on current research, scholarship and/or techniques in the field. PURPOSE of the Undergraduate Business Division in the School of Business The undergraduate business division endeavors to develop its students’ capacities to explore, conceptualize, explicate, and interpret past and present human experience within the context of sociocultural, political, business and economic life by means of the discipline of Business Administration. WC CUI Institutional Outcomes (ULO) (Written Communication) IACBE Outcomes - Program Learning Outcome (PLO) PLO 6 Construct and present effective oral and written forms of professional communication OC (Oral Communication) PLO 6 Construct and present effective oral and written forms of professional communication SI (Systematic Inquiry) PLO 7 Apply knowledge of business concepts and function in an integrated manner QR (Quantitative Reasoning) PLO 5 Apply decision-support tools to business decision making CLF (Christian Literacy and Faith) n/a SSC (Service to Society and Church) PLO 4 Describe and explain the ethical obligations and responsibilities of business IRC (Informed and Responsive Citizenship) • • SK (Specialized Knowledge) PLO 2 Evaluate the legal, social and economic environments of business PLO 3 Describe the global environment of business PLO 1 Explain the major concepts in the functional areas of accounting, marketing, finance and management Course Description Basic elements of accounting and methods of gathering and reporting financial data will be examined in this course, including a study of financial statements; journalizing financial transactions; merchandising activities; investments in property, plant and equipment; and depreciation as it applies to corporations. PRQ:Bus 201 Goals of the Accounting Program Each student will become a socially and professionally responsive individual who is: knowledgeable of the concepts and theories in the area of accounting; leadership and management as they relate to the business community in the United States and the world. Course Objectives 1. 2. 3. 4. 5. Identify the primary financial statements and be able to create and explain each. (Income Statement, Balance Sheet and Statement of Cash Flows) PLO1, PLO7 Identify the differences between accrual and cash accounting and be able to compute profit amounts for each. PLO5 Identify and use financial ratios to articulate the financial health of a company. PLO5, PLO6 Know how to compute inventory using the LIFO, FIFO and weighted average inventory cost flow assumptions. PLO4, PLO5 Be able to calculate and record depreciation expense using the four commonly known methods. (Straight-lint, Units of Production, Sum-of-the-years’-digits and Declining balance) PLO4, PLO5 Text: Financial & Managerial Accounting, Carl S. Warren; James M. Reeve; Jonathan Duchac, 15th Edition, 2019. Online at Cengage.com. Contact: Office phone: (949)854-8002 Ex. 1736 Cell phone: (949)680-7187 e-mail address: tammie.burkhart@cui.edu Office Hours: Grimm Hall, 2nd Floor. Tues 10:00am-12:30pm, Thur 11:30am-12:30pm Reading/Pre-tests: The readings assignments will co-inside the homework assignments and are to be done for each chapter. There is also a pre-test and post-test that should be completed before and after each chapter. This is designed to assist you in mastering the material. Discussion Questions: Discussion questions will be assigned for each of the first ten chapters and will be due the Monday following the homework due date. The discussion questions will be accessible via Blackboard. Homework Assignments: Homework will be assigned for every chapter. All homework will be turned in online through the CengageNOW program. The homework grade assigned by Cengage will be the final homework grade for that assignment. I will drop the lowest homework score and allow one homework extension. No homework will be accepted late. Examinations: Two tests will be given throughout the semester covering the material in the course. A midterm and final will be given during the weeks indicated on the university schedule. Each test will be timed and must be completed within the given time period. The final exam will be administered during finals week. Annual Report Project: Each student will be responsible for conducting a research project of a company based on the material we have covered in this course. You may choose any company that is publicly traded on an American Stock Exchange. It is your responsibility to obtain an Annual Report for your desired company. A good place to start would be the library databases, specifically the Edgar database at www.sec.gov. Report requirements will be made available through Blackboard, the grading rubric is available in Attachment 1. Your final grade is a weighted average of each component as shown below: Component % of Total Grade Homework (10 x 10 = 100 points) 18% Projects (70 points) 13% Tests (2 x 40 = 80 points) 15% Discussion Questions (10 x 5 = 50 p) 9% Midterm Exam (100 points) 18% Final Exam (150 points) 27% Percentages used to determine letter grades are as follows: Grading Homework Test (2 x 40) Midterm Exam Report Discussion Questions Final Exam Total Letter Grade Percentage A 93-100 A- 90-92 B+ 87-89 B 84-86 B- 80-83 C+ 77-79 C 74-76 C- 70-73 D+ 67-69 D 64-66 D- 60-63 F < 59 Points 100 80 100 70 50 150 550 Grading Scale 94-100 = A 90-93.9 = A86-89.9 = B+ 83-85.9 = B 80-82.9 = B76-79.9 = C+ 73-75.9 = C 70-72.9 = C66-69.9 = D+ 63-65.9 = D 60-62.9 = D0-59.9 = F Section 3: Class Policies A) Attendance and Participation Students are expected to participate on a weekly basis completing the homework assignment and logging onto the Discussion Boards at least once a week. A Class Schedule is in Attachment 3. B) Preparation Time & the Carnegie Hour Standard On average, students should expect to spend two hours in preparation for each hour of class time. A semester credit hour shall consist of one (1) hour of classroom or direct faculty instruction and a minimum of two (2) hours of out-of-class student work each week for approximately fifteen (15) weeks for one (1) semester or the equivalent amount of work over a different period of time (intensive course, online course, etc.). At least an equivalent amount of work, as stated herein, is required for other academic activities as established by the institution, including laboratory work, internships, practica, studio work, online activities, and other academic work leading to the award of credit hours. C) Policy on Honesty and Plagiarism This course seeks to empower students for independent learning, resourcefulness, clear thinking, and perception. All submitted work and activities should be genuine reflections of individual achievement from which the student should derive personal satisfaction and a sense of accomplishment. Plagiarism and cheating subvert these goals and will be treated according to the policy stated in the Concordia University Irvine Student Handbook. The instructor reserves the right to utilize electronic means to help prevent plagiarism. Students agree that by taking this course all assignments are subject to submission for textual similarity review to SafeAssign via Blackboard. Assignments submitted to SafeAssign will be included as source documents in SafeAssign’s restricted access database solely for the purpose of detecting plagiarism in such documents. D) “Reasonable Accommodation” Statement Students desiring accommodations on the basis of physical, learning, or psychological disability for this class are to contact the Disability and Learning Resource Center (DLRC). The DLRC is located in Suite 114 on the1st floor of the Administration Building. You can reach the DLRC by dialing extension 1586. E) Passwords: Concordia provides a 24 hour 7 days a week self-help password assistance program. To access this service, go to myaccount.cui.edu. If you need further assistance, please email ITS@cui.edu or call ITS at 949 214-3175. CELT: Concordia University has developed a student resource page named the Center for Excellence in Learning and Teaching (CELT) found at celt.cui.edu/Student.htm. This page provides a wide variety of resources ranging from links to MyRecords (Banner) to help with Microsoft Office. There are also hundreds of video tutorials for a large number of software packages. This tutorial repository can be accessed directly at http://movies.atomiclearning.com/highed/highed. For your class, the username for the service is "cui" and the password is "eagles". F) Library Resources The library services at Concordia can be accessed online at cui.edu/Library. There are hundreds of thousands of journals, ebooks and other titles that can be found in the 30+ research databases Attachment One GRADING RUBRIC: Annual Report Project The objective of this project is to take the concepts learned in the course and apply them to your company’s annual report. I. Executive Summary (describe what the company is in business to do): 5 points II. Background and nature of the company’s business (describe how the company got started and how it got to it’s place now): 5 points III. Discussion of the industry in which the company operates (describe the industry in which the company operates and their key competitors): 5 points IV. Information related to the management and key executives (Who is it? How are they doing? CEO only): 5 points V. Financial statement analysis A. Reproduce the company financial statements – Balance Sheet, Income Statement: 5 points B. Ratio Analysis: 20 points C. Vertical/Horizontal/Common-Size Analysis: 5 points VI. Stock Journal From ________ to ________ (the stock journal will be a day by day look at the companies stock ups and downs, simply give the day and close for each business day in the time period listed.): 5 points VII. Discussion (summary) of 5 footnote disclosure items. (choose 5 notes to the financial statements and briefly describe): 5 points VIII. Summarize the letter by the auditing CPA firm (relevant information such as GAAP guidelines, changes in accounting principles, etc.): 3 points IX. Discussion of current events related to the company – three articles (choose three articles about the company and summarize each – attach a copy of the actual articles): 5 points X. Recommendation – would you invest in this company, why or why not? 2 points Attachment Two CPC SUMMARY TABLE The School of Business is and Educational Member of the IACBE which requires coverage of the key content areas of business identified as Common Professional Component (CPC) topic areas. The table below shows the estimated number of contact hours for each CPC covered in this course. CPC Topics Covered in Course 1. Accounting Contact Time 45 2. Marketing 3. Finance 4. Management 4a. Management Principles 4b. Organizational Behavior 4c. Human Resource Management 5. Operations Management 6. Economic/Legal/Social Environment 6a. Legal Environment of Business 6b. Economic 6c. Business Ethics 7. Decision Support Tools 7a. Information Systems 7b. Quantitative Methods Statistics 8. International/Global Dimensions of Business 9. Integrative Experience Total 45 Attachment Three - Assignment Map Week# Title 1 Syllabus Review Chapter 1 HW Due (1/9) Dates CLO's 1/6-1/10 1 2 Chapter 2 Review 1/13-1/17 Ch. 2 Homework Due (1/16) Chapter 2 3 Ch. 1 & 2 Test (1/23) 1/20-1/24 1,2 4 Ch. 3 Review 1/27-1/31 Ch. 3 Homework Due (1/30) 1,2 Chapter 3 5 Ch. 4 Review Ch. 4 Homework Due (2/6) 1,2 6 Ch. 5 Review 2/10-2/14 Ch. 5 Homework Due (2/13) 7 Midterm Review Midterm (2/20) 8 Exams Ch 2 HW Ave Time Acitvities 8 Syllabus Review Ch. 1 Review CPC 0:15 1:45 10 Ch. 2 Review Ch. 2 Homework 2:15 0:30 14 Ch. 1 & 2 Test Review Ch. 1/2 Test 2:30 1:30 Ch. 3 HW 10 Ch. 3 Review Ch. 3 Homework 2:15 0:30 Chapter 4 Ch. 4 HW 10 Ch. 4 Review Ch. 4 Homework 2:15 1:00 1,2 Chapter 5 Ch. 5 HW 12 Ch. 5 Review Ch. 5 Homework 1:15 1:00 2/17-2/21 1,2 Ch. 1-5 12 Midterm Review Midterm 2:15 1:00 Ch. 14 Review 2/24-2/28 Ch. 14 Homework Due (2/27) 1,2 Chapter 14 Ch. 14 HW 14 Ch. 14 Review Ch. 14 Homework 2:30 0:30 2/3-2/7 1 HW/Reading HW Assign Project Chapter 1 Ch. 1 HW 1/23/20 2/20/20 Midterm Break - March 2-5 9 Ch. 6 Review 3/9-3/13 Ch. 6 Homework Due (3/12) 1,2 Chapter 6 Ch. 6 HW 10 Ch. 6 Review Ch. 6 Homework 1:30 0:30 10 Ch. 7 Review 3/16-3/20 Ch. 7 Homework Due (3/19) 4,5 Chapter 7 Ch. 7 HW 12 Ch. 7 Review Ch. 7 Homework 2:15 1:00 11 Test - Ch. 14,6,7 (3/26) 3/23-3/27 3,4,5 Ch. 14,6,7 10 Test Review Test 2:30 1:00 12 Ch. 8 Review Ch. 8 Homework Due (4/2) 3/30-4/3 3,4 Chapter 8 Ch. 8 HW 12 Ch. 8 Review Ch. 8 Homework 1:30 0:30 13 Ch. 9 Review Ch. 9 Homework Due (4/8) 4/4-4/8 3,4 Chapter 9 Ch. 9 HW 10 Ch. 9 Review Ch. 9 Homework 2:00 Chapter 13 Ch. 13 HW 12 Ch. 13 Review Ch. 13 Homework 2:30 1:00 12 Project Due Final Review 2:30 14 Final Exam 3:00 3/26/20 Easter Break - April 9-10 14 Ch. 13 Review 4/13-4/17 Ch. 13 Homework Due (4/16) 3,4 15 Annual Report Project Due Final Review 3,4 16 Final Exam (4/30) 4/20-4/24 4/27-5/1 1,2,3,4,5 4/23/20 4/30/20 ...
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Final Answer

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Event 1
Uber may suspend the accounts of riders and drivers exposed to coronavirus
Some drivers may be eligible for up to 14 days of financial aid
By Andrew J. Hawkins@andyjayhawk Mar 11, 2020, 10:36am EDT
Uber is considering suspending the accounts of riders and drivers who have been infected or
come in contact with COVID-19, the disease caused by the novel coronavirus, the company says.
This follows the company’s recent decision to suspend — and then reinstate — hundreds of
accounts in Mexico to prevent the spread of the virus.
According to Uber’s coronavirus information hub, the company has a team working 24/7 to
support public health officials responding to the outbreak. Uber says it is responding to requests
from those officials regarding account suspensions. “Working with them, we may temporarily
suspend the accounts of riders or drivers confirmed to have contracted or been exposed to
COVID-19,” Uber says. “We’re also consulting with an epidemiologist to make sure our efforts
as a company are grounded in medical advice.”
“WE’RE ALSO CONSULTING WITH AN EPIDEMIOLOGIST”
Uber has also said it would give drivers up to 14 days of sick pay if they miss work due to
coronavirus or their account is suspended. “We’ve already helped drivers in some affected areas,
and we’re working to quickly implement this worldwide,” the company says. Lyft has also said it
would provide financial assistance to affected drivers.
Shares of Uber and Lyft have dropped amid a wider market turndown as investors flee stocks
that could be especially vulnerable to the fallout from the coronavirus outbreak. Those
companies considered part of the sharing or gig economy, Uber and Lyft among them, have been
especially hard hit.
Uber has been suspending riders and drivers as they receive news of new outbreaks. A driver in
London was suspended after delivering a coronavirus patient to a hospital. An Uber driver in
Queens was among the first confirmed cases in New York City.
Uber and Lyft have declined to provide details about their driver compensation plans. Some
drivers, especially those with preexisting medical conditions, have complained that the promise
of financial support for those infected doesn’t go far enough. Indeed, the coronavirus outbreak is
highlighting the precarious nature of gig work, from the lack of health benefits and paid sick
time, to a potential drop in ridership if fewer people are using the service.

Event 2
FREE TRANSPORT OFFERED TO NHS WORKERS IN PARTS OF THE UK
Healthcare workers get free bus journeys in Wales and Scottish Highlands
Helen Coffey @LenniCoffey
Monday 30 March 2020 13:55
Various regions of the UK are making public transport available to NHS staff for free amid the
coronavirus pandemic.
Notably, healthcare workers can get free bus travel throughout Wales as part of a new package of
funding for transport operators, worth up to £69m, green-lit by the Welsh Government during the
nationwide lockdown.
Free transport is already being offered to NHS employees on all Transport for Wales trains.
Welsh transport Minister Ken Skates said of the financial support: "Our rail franchise provider,
bus companies and community transport operators – many of which are small businesses and
charities – are facing significant financial challenges.
"This support will give public transport operators the initial funding they need to continue to
deliver services, pay employees and sub-contractors, while we work with them to develop a
comprehensive package of measures to secure an efficient, sustainable, and robust bus network.”
Is it safe to travel on public transport during coronavirus lock-down?
In the Scottish Highlands, bus company Stagecoach is also offering free travel for NHS staff in
the Inverness area going to or from Raigmore Hospital and New Craigs between 7-10pm.
The dial-a-bus service needs to be booked no later than the day before travel.
“We continue to play a crucial role in ensuring that key workers, such as NHS staff and the
people vital to the food supply chain, can get into work,” said David Beaton, managing director
for Stagecoach Highland.
“We have worked hard with our temporary timetables to ensure that we are continuing to serve
critical routes. If our customers feel we haven’t got things quite right, then we’d really like to

receive any comments through our dedicated feedback form which can be found at
stagecoachbus.com.”
In London, NHS staff can hire bikes from the Santander cycle scheme for free during the
pandemic.
Uber has also said it will give away hundreds of thousands of free trips and meals to NHS staff
working on the frontlines during the coronavirus outbreak.
The taxi and food delivery company said that as of Monday 30 March, it will offer 200,000
complimentary trips and 100,000 meals to medical staff in order to support them while they work
with patients who have been infected by Covid-19.

Event 3
Uber and Lyft suspend shared ride options to limit coronavirus spread
Darrell Etherington@etherington / 4:12 am PDT • March 17, 2020
Comment
Uber has suspended its shared ‘Uber Pool’ class of rides, the company announced on Tuesday.
The Uber Pool option would match up to three passengers together in one vehicle based on their
destination, and Uber said in a statement from Uber Rides and Platform Vice President Andrew
Macdonald that the company’s “goal is to help flatten the curve on community spread in the cities
we serve” through suspension of the service. Lyft also announced later on Tuesday that it would be
“pausing all shared ride options” across all markets where it offers them for the same reason.
This applies in...

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Duke University

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