Portfolio Project ------------------------------------------------- Intel Inc. ------------------------------------------------- Refer to the Intel Inc. 2012 financial statements and the accompanying notes to answer the ------------------------------------------------- following questions. The 2012 financial statements of Intel can be accessed at: ------------------------------------------------- http://www.sec.gov/Archives/edgar/data/50863/000119312513065416/d424446d10k.htm Module 1 1) What are the maturities on Intel’s Long-term debt? 2016 1,500 2017 3,000 2018 & thereafter 10,275 2) What are Intel’s projected obligations on Long-Term Debt and Payments due by period? Total Deferred tax assets: Accrued compensation and other benefits Share-based compensation Deferred income State credits and net operating losses Deferred tax liabilities Property, plant and equipment Licenses and intangibles Convertible debt Investment in foreign subsidiaries Other, net Module 4 1) What kind of pension plan does Intel provide its employees? Intel provides two kinds of pension plans: a) U.S. Pension Benefits: b) Non-U.S. Pension Benefits 2) What was Intel’s pension expense for 2011 and 2012? 2011: $2970 2012: $3,638 3) What is the impact of Intel’s pension plans on its 2011 and 2012 consolidated balance sheets? Those are recorded as Liabilities on the balance sheet (the current obligations are recorded under current liabilities while long-term obligations are posted under the Long-term Liabilities section) 4) What information does Intel provide on the target allocation of its pension assets? How do the allocations relate to the expected returns on these assets? Intel has Investments held by Insurance Companies over which the company has no Control (These represent 40% of total non-U.S. plan assets as of December 29, 2012). The target allocation of the non-U.S. plan assets that we have control over is 49% equity securities and 51% fixed-income instruments. “The allocation to each asset class will fluctuate with market conditions,
Research Project Accounting 341 Dear Bill, We are glad to help you with your concerns. According to the information you provided us, I will let you know the best way to proceed and your best options in the partnership. According to Section 706 (c) (2) (a) of the Internal Revenue Bulletin, the taxable year of a partnership should be cosed the date of John's death, so the books need to be closed on March 31. Avery partnership does not need to terminate due to his death, although, it is necessary…
social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate social and environmental performance or are they merely a public relations vehicle? Answer this question by reference to a variety of accounting theories. There are many definitions to Corporate Social responsibility(CSR). One most common definition is that CSR is the consideration and response of the firm to issues that are beyond the regular technical, legal, and environmental requirements…
[pic] Accounting (Technologies) 224 Group Research Project Identify and discuss the unique features of e-commerce technology compared to traditional commerce, & discuss the business significant of each of the features you identify? Marking guide to be placed here Leave this blank Abstract With technology development E-commerce has become more widely used in trading, particular for international business. E-commerce is businesses trading with other businesses via interne…
A Joint Venture: International Accounting Standards Board and the Financial Accounting Standards Board ACC 541 Accounting Theory & Research Chelsey Mills June 30, 2015 The Financial Accounting Standards Board (FASB), since 1973, has remained the appointed organization for establishing financial accounting standards for the United States. The organization is recognized by the Securities and Exchange Commission as well as the AICPA. The International Accounting Standards Board, established in…
Inspire Financial Services: Project Investigation Proposal Analysis and Write-Up by Team YACJS Yousef Saead, Ching Li, Stephan Hopkins, Jian Zheng, Andrew “Solving Problems Today while Building Tomorrow’s Future.” That is our motto here at Team YACJS Consulting, and we are excited to be working with Inspire Financial Services to help you build your future. We thank you for the opportunity to develop your project portfolio and assure you we are dedicated to Inspire’s success. In the following proposal…
Investments Decisions – Accounting Rate of Return (ARR) Calculating Accounting Rate of Return ARR= Average Net ProfitAverage Book Value The accounting rate of return simply involves using accounting numbers, average net profit coming from a company’s income statement and average book value of the investment coming from the company’s balance sheet. These two accounting figures divided together gives as the accounting rate of return. Management will usually have a predetermined ARR measure.…
The FASB/IASB Convergence Project Accounting 5381 Introduction The quick development of the global economy since the last century has called for the need of one high-quality set of accounting standards and financial reporting systems that companies can use worldwide. In the last decade, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have been working together to determine the solution for that demand. While the original…
Integrated Accounting Cycle Final Report ACC/340 Integrated Accounting Cycle Final Report Integrating accounting cycles into a company’s financial life is important and can determine the success or failure of a company. Accounting cycles need to be incorporated or integrated and properly followed to make sure that data is enter correctly will benefit a company. The following report is the findings that the Learning Team A of the Accounting Information System I Class found when examining the account…
of the Masters of Science in Accounting (MSA) Program: The primary goal of the MSA program is to prepare the student for a professional career in accounting, and, in particular, to prepare the student to take and pass the Uniform CPA Examination (or other appropriate professional examination). Students who complete the MSA degree will build on their undergraduate business and accounting coursework to obtain a comprehensive understanding of complex financial accounting and reporting, taxation, and…