Use the Internet to
research Verizon Communications’ financial statements, annual report, notes to
the financial statements, president’s letter, and management discussion and
analysis from the most recent year in order to complete this
Write a five to six
(5-6) page paper in which you:
- Discuss the
disclosure requirement on accounting policies, and identify at least two (2)
examples of the most commonly required disclosure. Explain the key ways in which
the examples you provided are useful to financial statement users. Analyze
Verizon Communications’ disclosure on accounting policies, and give your opinion
on whether or not the information is helpful for decision making. Provide a
rationale for your response.
- Explain the
importance of the management discussion and analysis section of an annual
report. Select three (3) items from Verizon’s management and discussion
analysis of the annual report that could be useful to potential investors.
Provide three (3) specific examples of how the three (3) items you selected
could influence a potential investor’s decision to invest in
- Describe segmented
information, and explain the way in which companies determine segments. Identify
at least three (3) advantages and three (3) disadvantages of segmented financial
data. Give your opinion on whether or not the advantages outweigh the
disadvantages. Outline the manner in which Verizon segments its financial data.
Suggest key actions that Verizon’s management can take in order to improve the
company’s segmented financial data. Provide a rationale for your
- Analyze the various
types of auditor’s reports, and determine the impact that the auditor’s report
has on a company’s ability to obtain financing from a bank. Identify the type of
auditor’s report issued on Verizon, and speculate the manner in which you
believe banks will perceive Verizon’s auditor’s report.
- Use at least two (2)
quality academic resources in this assignment. Note: Wikipedia
and other Websites do not qualify as academic resources.
Your assignment must
follow these formatting requirements:
- Be typed, double
spaced, using Times New Roman font (size 12), with one-inch margins on all
sides; citations and references must follow APA or school-specific format. Check
with your professor for any additional instructions.
- Include a cover page
containing the title of the assignment, the student’s name, the professor’s
name, the course title, and the date. The cover page and the reference page are
not included in the required assignment page length.
The specific course
learning outcomes associated with this assignment are:
- Analyze and explain
the requirements for full disclosure in financial reporting.
- Evaluate the
importance and impact of full disclosure or non-disclosure in accounting
- Use technology and
information resources to research issues in intermediate accounting.
- Write clearly and
concisely about intermediate accounting using proper writing