Financial Statements Grading Guide ACC/561 Version 7 Accounting Copyright Copyright © 2017 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Financial Statements Grading Guide ACC/561 Version 7 Individual Assignment: Financial Statements Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability. Resources Required Generally Accepted Accounting Principles (GAAP) U.S. Securities and Exchange Commission (SEC) University Library, Library resources - Company Directories and Financials Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Grading Guide Content Selected a publicly traded, U.S. corporation with which student is familiar or one where student currently works or has worked in the past. Researched the company on the Internet and downloaded the Income Statement, Statement of Shareholders' Equity, Balance Sheet, and Statement of Cash Flows. Determined the net income for the current fiscal year (FY). Answered the following question: • Is this income up or down from the prior year? Explained the relevance of changes in net income to investors. Determined the ending balance in shareholders' equity. Answered the following question: • Why would organizations such as labor unions be interested in this? Determined the total value of assets. Discussed the relevance of the total value of assets to potential creditors and why this is important. Met Partially Met Not Met Comments: 2 Financial Statements Grading Guide ACC/561 Version 7 Content Met Partially Met Not Met Total Available Total Earned 4 #/4 Partially Met Not Met Total Available Total Earned Comments: Computed the return on assets. Discussed the relative profitability of the company based on student’s results. Computed the working capital and current ratio. Evaluated the relative liquidity of the company based on student’s results. Computed the debt to assets ratio and the free cash flow for student’s company. Analyzed the results and comment on the relative solvency of the company. Discussed how the financial statements are used in student’s current role or a position student would like to hold. Answered the following question: • How might these aid student in managerial decision making? Showed work in Microsoft® Word or Excel®. Completed calculations/computations using Microsoft® Word or Excel®. Included the four financial statements along with assignment. The examination is a minimum 700 words in length. Writing Guidelines Met The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Comments: 3 Financial Statements Grading Guide ACC/561 Version 7 Writing Guidelines Assignment Total Additional comments: Met # Partially Met Not Met 1 #/1 5 #/5 Comments: 4 
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