Module 2 – Background
BALANCE SHEET
Required Background Material
The emphasis is on the balance sheet, but we need to understand how the four financial statements are connected. Let us start with two brief videos describing financial statements.
AccountingWITT. (2011, Oct. 1). Financial Statements – An Introduction. [Video file]. Retrieved from https://www.youtube.com/watch?v=dqOCRIcapoI&list=PLBvbcPpX_6wSF3UQwLxdRNJeK4cSGWkx8&index=21
AccountingWITT. (2011, Oct. 20). Financial Statements – Interconnectivity. [Video file]. Retrieved from https://www.youtube.com/watch?v=9OX3Cnd35LE&index=26&list=PLBvbcPpX_6wSF3UQwLxdRNJeK4cSGWkx8
Next, view the video below and read a succinct explanation for an introduction to the balance sheet.
The Motley Fool. (n.d.). Balance Sheet. Retrieved from http://wiki.fool.com/Balance_sheet
Cliqvid. (2013, Feb.13). What is a Balance Sheet? [Video File]. Retrieved from https://www.youtube.com/watch?v=ixCPM5HznRU
It is now time for a somewhat more comprehensive overview of a balance sheet. At this time it is sufficient to review the section on the balance sheet.
Baruch Collegeâ€s Guide to Financial Statements. [Interactive Presentation]. (2008). Retrieved from http://www.baruch.cuny.edu/tutorials/statements/view_tutorial.html
The Securities and Exchange Commission (SEC) also has an excellent guide to financial statements on its website.
SEC. Beginners†Guide to Financial Statements. (n.d.) Retrieved from http://www.sec.gov/investor/pubs/begfinstmtguide.htm
Suggested Resources
Accounting Coach. (n.d.). Dictionary of Accounting Terms. Retrieved from http://www.accountingcoach.com/terms
Walther, L. M. (2015). Principles of accounting: A complete online text. Retrieved from http://www.principlesofaccounting.com/ . Note that there are also many useful videos associated with Dr. Walther’s textbook.
Module 2 – Case
BALANCE SHEET
Case Assignment
The main purpose of this module is to review the balance sheet in more detail. Go to http://www.starbucks.com and click on the investor relations link. Locate the annual reports for the past two years. Review Starbucks†financial report, review background material, and do additional research as needed to write an essay where you incorporate answers to the questions below.
Questions
Provide a brief introduction to the company and include a link to the companyâ€s website.
Distinguish between an expense (expired cost) and an asset.
Distinguish between current and long-term assets.
Distinguish between current and long-term liabilities.
Review Starbuckâ€s balance sheet and provide two examples of each of the above categories.
Discuss retained earnings and how income or loss and dividends affect this account. Review Starbucksâ€s retained earnings account and explain how it changed during the past two years.
How much debt does Starbucks have? Is the amount of debt high? How do we know if it is considered high?
What is the difference between an annual report and a 10-k?
Assignment Expectations
Incorporate responses to the questions above in an organized format. Start with an introduction and end with a conclusion/summary. Use headings and subheadings to organize the essay. Do not forget to include references in APA format. The suggested length is five to seven pages.
Rubric Name: MBA/MSHRM/MSL Case Grading Rubric for Quantitative Business Courses -Timeliness v1
Criteria
Level 4 – Excellent
Level 3 – Proficient
Level 2 – Developing
Level 1 – Emerging
Assignment-Driven Criteria
19 points
Demonstrates mastery covering all key elements of the assignment in a substantive way.
18 points
Demonstrates considerable proficiency covering all key elements of the assignment.
17 points
Demonstrates partial proficiency covering all key elements of the assignment.
16 points
Demonstrates limited or poor proficiency covering all key elements of the assignment.
Presentation, Computation, and Relevance of Quantitative Information
10 points
Demonstrates mastery in presenting quantitative information in a format appropriate for the discipline. Supporting computations are relevant and accurate.
9 points
Demonstrates considerable proficiency in presenting quantitative information in a format appropriate for the discipline. Supporting computations are mostly relevant and accurate.
8 points
Demonstrate partial proficiency in presenting quantitative information in a format appropriate for the discipline. Supporting computations are not necessarily relevant and somewhat misleading.
7 points
Demonstrates limited or poor proficiency in presenting quantitative information in a format appropriate for the discipline. Supporting computations are not relevant, misleading or absent.
Critical Thinking
10 points
Analyzes quantitative and qualitative information as the basis for deep and thoughtful discussion, drawing insightful, carefully qualified conclusions from this work.
9 points
Analyzes quantitative and qualitative information as the basis for competent and thoughtful discussion, drawing reasonable and appropriately qualified conclusions from this work.
8 points
Analyzes quantitative and qualitative information as the basis for workmanlike (without inspiration or nuance, ordinary) discussion, drawing plausible conclusions from this work.
7 points
Analyzes quantitative and qualitative information as the basis for tentative or limited discussion; and is hesitant or uncertain about drawing conclusions from this work.
Business Writing
6 points
Demonstrates mastery and proficiency in written communication to an appropriately specialized audience.
5 points
Demonstrates considerable proficiency in written communication to an appropriately specialized audience.
4 points
Demonstrate partial proficiency in written communication to an appropriately specialized audience.
3 points
Demonstrates limited or poor proficiency in written communication to an appropriately specialized audience.
Timeliness
5 points
Assignment submitted on time or collaborated with professor for an approved extension on due date.
3 points
Assignment submitted 1-2 days after module due date.
2 points
Assignment submitted 3-4 days after module due date.
0 points
Assignment submitted 5 or more days after module due date.
Overall Score
Level 45 or more
Level 40 or more
Level 35 or more
Level 10 or more
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