1- Why do you think the Internet has become such a widely used source of financial information by external users
Arab Open University
BE210: TMA, 2nd Semester 2011-2012
Cut-Off Date: 3rd of May 2012
The TMA covers the financial accounting concepts and practices in the businesses. It is marked out of 100 and is worth 20% of the overall assessment component. It is intended to assess students’ understanding of some of the learning points within chapters 1 to 4. This TMA requires you to apply the course concepts.
The TMA is intended to:
Increase the students’ knowledge about the reality of the accounting as a profession.
Assess students’ understanding of key learning points within chapters 1 to 4.
Develop the ability to understand and interact with the nature of the financial statements in reality.
Develop students’ communication skills, such as memo writing, essay writing, analysis and presentation of material.
Develop basic ICT skills such as using the internet.
The TMA requires you to:
1- Review various study chapters (from Chapter 1 to 4) of ‘Financial and Managerial Accounting’ Book and apply some of the concepts within it.
2- Conduct a simple information search using the internet.
3- Present your findings in not more than 1,500 words.
4- You should use a Microsoft Office Word and Times New Roman Font of 14 points.
5- You should read and follow the instructions below carefully. Each part of the process will carry marks for the assignment.
Criteria for Grade Distribution:
Criteria Content Referencing Structure and Presentation of ideas Total marks
Financial Reporting on the Internet (Dolby Inc.)
Marks 90 5 5 100
The TMA Questions
Financial Reporting on the Internet
(DOLBY LABORATORIES, INC.)
Dolby Laboratories has partnered with the entertainment industry for more than 45 years. Dolby provides the products, services, and technologies used to capture and render a superior experience for consumers of entertainment content, regardless of how or where that content is enjoyed. Access the Global Payments Inc. web page at: www.dolby.com. From Dolby’s home page and then “Investor”, click on “Company Financials”, followed by “Annual Reports”, then select a year 2011 to display and download 2011 Annual Report.
Use the annual report to answer the following questions:
1- Why do you think the Internet has become such a widely used source of financial information by external users?
2- Discuss how the decisions you would make might differ if you were an external investor or a member of Dolby’s management team.
3- What are the general types of notes? Are notes considered as part of the financial statements and what basic purpose do they serve?
4- Both the income statement and the statement of cash flows provide information about operating activities during a fiscal year. Why are both statements included in the Dolby’s financial report? How can decision makers use information in each statement?
5- Do you think that Dolby Inc. has a strong income statement and statement of cash flows? Explain and support your answer by suitable figures from the Dolby’s financial report.
6- A statement of stockholders’ equity sometimes is described as an “expanded” statement of retained earnings. Why?
7- Dolby’ income statement reports amortization of intangible assets. What types of intangible assets would you guess require amortization?
8- Identify four accounts on Dolby’s balance sheet that provide evidence that Dolby uses accrual accounting. In each case, identify the income statement account that would be affected by the adjustment process.
9- Do you agree that Dolby’s balance sheet is both classified and comparative? Explain why or why not? Why are classified and comparative financial statements generally presented in Dolby’s annual report to shareholders?
10- Briefly explain what is meant by the term property, plant and equipment, identifying at least three items included in this category. Support your answer by suitable figures from the Dolby’s financial report.
11- Using information from the cash flow statement, re-create the journal entries Dolby made in 2011 to record:
a- The proceeds from issuance of Class A common stock.
b- The purchases of property, plant and equipment.
12- Distinguish between paid-in capital and retained earnings of Dolby. Why is such a distinction useful?
13- Indicate whether taking each of the following actions would increase or decrease the Dolby’s current ratio. Explain your reasoning.
a- Pay some of the company’s current liabilities.
b- Purchase large amounts of inventory on account.
14- For the two most recent years (2011 and 2010), Dolby Inc. discloses that, as of September 30, 24 respectively, the working capital was (in thousands) $999,213 and $894,657, respectively. What is meant by the working capital? Explain your reasoning.
15- For the two most recent years (2011 and 2010), are assets primarily financed by debt or owner’s equity? Explain your reasoning.
[Marks: (6 marks each point) = 90]
In your answer, you should explain each point or inquire separately. Use the following headings (below) to make up the different sections of your answer:
PT3 form (Cover) Available on LMS
Contents Title and contents page
TMA Financial Reporting on the Internet (DOLBY LABORATORIES, INC.)
Reference list Recorded according to the Harvard style - Available on LMS
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متوفرمدرسين ومدرسات لجميع المواد والتخصصات
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