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ECornell Foundations of Financial Statements

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CORE111: Foundations of Financial Statements

Johnson Graduate School of Management

Cornell SC Johnson College of Business

copyrights, trademarks, trade names, and logos

are the sole property of their respective owners.

Foundations of Financial Statements

Course Project

Instructions

In this three-part project, you will explore an annual report (10-K) to then analyze the financial position, performance, and

health of a real-world company, Abbott Laboratories’(ABT).

In Part One, you will scan ABT’s annual report and familiarize yourself with the structure and breadth of the document.

You will focus on the stakeholders and how they might utilize this information.

In Part Two, you will reflect on what you have learned about income statements and balance sheets, applying this

knowledge to reflect on your impressions of ABT.

In Part Three, you will again refer to Abbott Laboratories' annual report. Using the balance sheet and income statement,

along with the Financial Ratio Development Tool, you will calculate the ratios and explore how those ratios might change

your Project Part One assumptions. The Financial Ratio Development Tool is provided on the Project Part Three page

within the course.

Use this document to record all your project work and responses to any questions. At a minimum, you will need to turn in a

digital copy of this document to your instructor as part of your project completion. Your instructor will provide feedback to

help you work through your findings.

Note: Though your work will only be seen by those grading the course and will not be used or shared outside the course,

you should take care to obscure any information you feel might be of a sensitive or confidential nature.

Complete each project part as you progress through the course. Wait to submit the project until all parts are complete. Begin

your course project by completing Part One below. A Submit Assignment button can be found on the final course project

page in Module Four. Information about the grading rubric is available on any of the course project assignment pages online.

Do not hesitate to contact your instructor if you have any questions about the project.

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CORE111: Foundations of Financial Statements

Johnson Graduate School of Management

Cornell SC Johnson College of Business

copyrights, trademarks, trade names, and logos

are the sole property of their respective owners.

Part One

Who is Involved?

___________________________________________________________________

This project part will provide you with an opportunity to read and analyze an annual report, also called a Form 10-K, filed

by a real-world company, Abbott Laboratories (ABT). This company has many stakeholders; employees, executives,

clients, investors, etc. that utilize this report in a variety of ways. Please begin by opening a browser window to access

the Abbott Laboratories Investors page. Next, locate the most recent annual report (10-K). Scan the main body of the

report, stopping once you reach the financial statement information (this will be used in project part 3) to get a feel for

what the company does. You do not need to read the entire document. The goal is for you to have an understanding of

the breadth of information presented and an idea of how to search for information included within an annual report. Once

you have finished, answer the following questions:

1. What are ABT’s core business lines?

Abbott is one of the top leading companies in pharmaceutical and medical devices.

2. What are the main financial risks that ABT faces? Which risks would likely concern their stockholders and

lenders the most?

- Cost control efforts affecting their revenues thus negatively affecting their operational income.

- In their industry, they under a lot of regulations from the government and governing bodies they must

comply with.

- Non compliance comes at vert high cost as in bullet #1

- Spending a lot of money on research on a certain tech where they won’t be first to market.

- Hacking their servers containing sensitive date of patients and secret technologies and research.

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Foundations of Financial Statements Course Project Instructions In this three-part project, you will explore an annual report (10-K) to then analyze the financial position, performance, and health of a real-world company, Abbott Laboratories’(ABT). In Part One, you will scan ABT’s annual report and familiarize yourself with the structure and breadth of the document. You will focus on the stakeholders and how they might utilize this information. In Part Two, you will reflect on what you have learned about income statements and balance sheets, applying this knowledge to reflect on your impressions of ABT. In Part Three, you will again refer to Abbott Laboratories' annual report. Using the balance sheet and income statement, along with the Financial Ratio Development Tool, you will calculate the ratios and explore how those ratios might change your Project Part One assumptions. The Financial Ratio Development Tool is provided on the Project Part Three page within the course. Use this document to record all your project work and responses to any questions. At a minimum, you will need to turn in a digital copy of this document to your instructor as part of your project completion. Your instructor will provide feedback to help you work through your findings. Note: Though your work will only be seen by those grading the course and will not be used or shared outside the course, you should take care to obscure any information you feel might be of a sensitive or confidential natur ...
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Tags: Abbott Laboratories ABT Financial Ratio Development Tool income statements balance sheets Abbott Laboratories annual report