Accounting Principles
Access EDGAR | Company filings (Links to an external site.) and search for a company of your choice using “Company Name Search.” Once you are on the company’s current page, click on 10-K “Interactive Data.” Tell the class the name of the company you chose and discuss the information provided on their “Notes to Financial Statements” page. Choose a different company than your classmates.
Part 2
A number of software tools (such as Hitachi Xinba XBRL Reader and Analyzer, a Microsoft Excel add-in, Altova MapForce, Rivet Software’s Crossfire and CrossView, and Calcbench) that have been designed to fully exploit XBRL data. Supporters of extensible business reporting language (XBRL) have long touted its potential to transform financial data mining and analysis.
Provide an example of a publicly-traded company/investor/financial analyst that uses XBRL software. How has it aided data mining and analysis? Is it a worthwhile venture?
Requirements: 2 Pages
Part 1
Access EDGAR | Company filings (Links to an external site.) and search for a company of your choice using “Company Name Search.” Once you are on the company’s current page, click on 10-K “Interactive Data.” Tell the class the name of the company you chose and discuss the information provided on their “Notes to Financial Statements” page. Choose a different company than your classmates.
Part 2
A number of software tools (such as Hitachi Xinba XBRL Reader and Analyzer, a Microsoft Excel add-in, Altova MapForce, Rivet Software’s Crossfire and CrossView, and Calcbench) that have been designed to fully exploit XBRL data. Supporters of extensible business reporting language (XBRL) have long touted its potential to transform financial data mining and analysis.
Provide an example of a publicly-traded company/investor/financial analyst that uses XBRL software. How has it aided data mining and analysis? Is it a worthwhile venture?
Requirements: 2 Pages
Answer preview
CMCSA expense the advertising expense when they are incurred. Derivative financial statements are recorded in the consolidated financial statements in fair value. The measurements in fair value are in a hierarchy described as level 1, level 2, and level 3. Level 1 and level 2 involve the use of quoted prices for identical and similar instruments, respectively. Level 3 fair value measurement involves using models and related financial instruments in active markets. The company incorporates segment information (incorporate by reference) to refer directly to the source document.
In consolidation of the information, several adjustments are made for operations, cashflows, and financial position for the period. For revenue, its transactions between segments are included in eliminations. The programming and production costs include amortization of own content. Its income tax expense is influenced by several federal, state, and foreign factors,
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Accounting Principles
