For this assignment, go to: https://www.sec.gov/edgar/searchedgar/companysearc… (please review the guides and search tools on this page)
a.what the EDGAR database purpose is
b. what EDGAR stands for (EDGAR is an acronym)Select the EDGAR SEARCH TOOL tab (see above) and select a publicly-traded company of your choice. 1. Select the most recent 10K and review the annual report. This report will be many, many pages so just scan the report to get a feel of the level of information in an annual report.
2. Based upon your review, answer the following questions:
a. What is the name of your company?
b. What is the CIK for your company?
c. What is the purpose of the CIK?
d. What is the SIC for your company?
e. What is the purpose of the SIC?
f. Using EDGAR and the SIC code, list 6 competitors of your company. (hint: use one of the codes in the EDGAR search bar). Show a Screenshot the list of the 6 competitors listed by EDGAR.
g. Who were the outside auditors of the current annual report?
What type of audit opinion did they receive? Screen shot the audit opinion signed by the outside auditors.
What are the types of audit opinions they could have received?
h. What were the major revenue recognition policies of the company?
i. What is the current year’s current ratio? Screen shot the location of the 10K where you found this information.
j. What Inventory valuation method did they use? Where did you find this information?
What GAAP did they use to assist you in finding this information?
EDGAR database
EDGAR – Electronic Data Gathering, Analysis and Retrieval – is the electronic filing system created by the Securities and Exchange Commission (SEC) to increase the efficiency and accessibility of corporate filings. It performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC). Its primary purpose is to increase the efficiency and fairness of the securities market for the benefit of investors, corporations, and the economy by accelerating the receipt, acceptance, dissemination, and analysis of time-sensitive corporate information field with the agency.
Finch catchs J.B. Biggley, the leader of the organization, who sends him to the work force supervisor, Mr. Bratt. Rosemary Pilkington, an entirely, youthful secretary working at the organization, is dazzled purchase Finch’s intensity and causes him meet Mr. Bratt. Bratt is initially curt to Finch, thus Finch discloses to him that Biggley sent him and that they were companions. Bratt gives him an occupation in the sorting room, where he works with Mr. Biggley’s sluggish, egotistical, and nepotistic nephew Bud Frump. Rosemary who longs for wedded life and has fancied Finch, fantasizes about him to her companion Smitty. (“Glad To Keep His Dinner Warm”). A short breather is called, yet the machine has come up short on espresso. (“Short breather”). Finch is baffled about being at the organization for a week and not progressing. Through Rosemary, he meets Miss Jones, Biggley’s secretary. In the sorting room, Finch acquires the regard of long-lasting leader of the sorting room, Mr. Twimble, who is moving to the delivery office and must pick his successor. He reveals to Finch the key to life span at the organization (“The Company Way”).
Twimble declared Finch as his decision to head the sorting room, anyway the book cautions not to remain in the sorting room excessively long. Finch prescribes Frump for the advancement rather than himself, to benefit the organization. Twimble is hesitant to advance Frump due to his lethargy, yet Frump vows to be a decent representative (“The Company Way (Reprise)”). Twimble and Bratt are both intrigued by Finch’s magnanimous choice, and Bratt extends to him an employment opportunity as a lesser official in the Plans and Systems division, headed by Mr. Gatch, sadly.
An incredibly appealing yet air-headed lady named Hedy LaRue, Mr. Biggley’s mystery special lady, is procured as a secretary. Her passageway draws in the consideration of the considerable number of men in the workplace, provoking Bratt to clarify the workplace approach on being a tease (“A Secretary isn’t a Toy”). Finch gains from Mr. Biggley’s secretary, Miss Jones, that Biggley is a glad alumni of Old Ivy school. In the lift by the day’s end, Rosemary’s kindred secretary Smitty encourages her and Finch set up a date (“Been A Long Day”). After they leave, Frump runs into Biggley and Hedy and understands the idea of their relationship. He coerces Biggley into giving him an advancement, by taking steps to tell his mom (“Been A Long Day (Reprise)”).
Finch shows up sooner than expected Saturday morning and sets up the workplace so it would appear that he has been working throughout the night, realizing that Biggley is coming in to the workplace soon. Finch persuades Biggley that he is additionally a pleased former student of Old Ivy and they sing the Old Ivy battle tune (“Grand Old Ivy”). Biggley requests that Finch be given his own office and secretary, and Bratt relegates Hedy to him. With the book’s assistance, Finch understands that Biggley must be Hedy’s supporter and sends her on a task to Gatch, very much aware that Gatch will make a go at her. Gatch succumbs to the snare and is sent to Venezuela, and Finch is elevated to his situation as head of Plans and Systems.