ACCTBA2

Second Half Course Requirement

Group Research Project
Objective
The research project aims to orient accounting students with the actual financial statements of a stock
corporation. After learning the accounting standards applicable to corporation accounting, this project
will further enhance their understanding of the course by giving the students practical perspectives of real
life business enterprises.
Guidelines
1. The class will be divided into groups of 4 students or less. A group leader is identified.
2. Each group will get copies of 2014 annual reports of a stock corporation. One(1) annual report is
required per group. The professor, at his/her option, may select a specific industry for his/her
class.
3. The group will go over the annual reports, relate the annual report to lectures taken in ACCTBA2
and prepare a written report. For the annual report, please answer the following questions:

a. What is the name of the corporation? What is the nature of their business?
b. Who are the members of the Board of Directors? Who is the chairman of the board?
c. Who is the president of the corporation?
d. What types of stock are they authorized to issue? How many are the authorized shares?
How much are their par values? How many shares are issued? How many shares are
subscribed?

e. Do they have treasury shares? How many shares are there in the treasury? How much is
the cost per share? What method of recording treasury stock do they follow?

f. How much is their total retained earnings? How much is free? How much is
appropriated? What kind of appropriations did they make?

g. Did they declare cash dividends during the year? If yes, how much?
h. Do they have any stock dividends distributable as of balance sheet date? If yes, how
many shares are to be issued and when are these to be distributed?

i. How much is net income or net loss during the year?

j. Does their Statement of Changes in Equity follow the format given in class? If yes, what
column headings do they have? What amounts did they include under each column
heading? If the company did not follow the format given in class, what format do they
have?

k. In their notes to financial statements, does it include any disclosure on corporate social
responsibility such as employee benefits, environmental and community concerns?

l. What conclusions can you derive from this simple research?

4. The written report must
a. be typewritten in short bond paper;
b. be double spaced with a font of 12 arial;
c. have a one inch margin all over;
d. not be longer than 10 pages;
e. be submitted in a short folder.
5. The copy of the annual report must be saved on a CD (properly labeled) and submitted together
with the written report.

6. Deadline: MW April 4, 2016 (Monday)

TH April 5, 2016 (Tuesday)