Updated for 2017 Contact | support@accnerd.com |


ACC 290 Financial Reporting Problem - Part I and II


Need more details? Contact Us for Personal Support


ACC 290 Financial Reporting Problem Answers

The following tutorial provides all solutions and accompanying essays for the Financial Reporting problems in ACC 290. This tutorial is designed to show you how to perform the financial analysis and calculate the correct figures for a publicly traded company. 

Summary of Tutorial

  • Full Solutions in Word Format
  • Financial Reporting Problem Part I
  • Financial Reporting Problem Part II
  • All work shown
  • Unlimited Support from ACC Nerd Tutors
  • 100% Money Back Guarantee

Topics Covered in the Tutorial

Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company.

Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

  • What are the company’s total current assets at the end of its most recent annual reporting period

  • What are the total current assets at the end of the previous annual reporting period?

  • Plus ALL questions for part 1 and 2 answered on the full study guide.  

Preview of Part 1

The balance sheet provides a snapshot of a company’s assets, liabilities, and stakeholder’s equity. From a financial analysis perspective, it is an extremely useful report when determining the liquidity of a company. The table below shows data from the 2012 balance sheet of Ford Motor Company. All figures are listed in millions.



Dec 31, 2013

Dec 31, 2012

Total Assets



Preview of Part 2

Current liabilities can be defined as the obligations a company must repay within one year or less. The most prominent accounts that fall under this category are accounts payable, short-term loans, and wages payable. Ford is one of the largest employers in the United States and they can be expected to have a significant amount of wages due to employees in the near term.  The table below outlines total current liabilities over the previous two years.


Dec 31, 2013

Dec 31, 2012

Current Liabilities