Full Disclosure in Financial Reporting , accounting homework help

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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
assignment.

Write a five to six
(5-6) page paper in which you:

  1. 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.
  2. 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
    Verizon.
  3. 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
    response.
  4. 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.
  5. 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
    practices.
  • Use technology and
    information resources to research issues in intermediate accounting.
  • Write clearly and
    concisely about intermediate accounting using proper writing
    mechanics.
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