UMGC Week 5 Tesla Inc Balance Sheet Discussion

Instructions for Tesla Inc.

Week 5 Report Balance Sheet (Tesla, Inc.)

Overview

1. Review the instructions for the SEC 10-K project. This week’s report focuses on the Balance Sheet.
2. Review the discussion board in week four on the Balance Sheet.
3. Write a brief report of at least one-page. Consider using bullet points.
4. This report will assist you in the final SEC 10-K project deliverables.
5. Submit it as a Word document.

Requirements

The report should include the following:

• Sections or line items of the Balance Sheet including but not limited to:
  • Fiscal Year End Date for the two years presented
  • Definition of Fiscal Year if not last day of month (i.e. December 31)
  • Assets
  • Liabilities
  • Equity
  • Working Capital with an explanation of changes from the prior year

References:
Tesla Inc. SEC 10-K https://www.sec.gov/ix?doc=/Archives/edgar/data/13..

Chapter 18: Cost-Volume-Profit and Business Scalability – https://www.principlesofaccounting.com/chapter-18/

Chapter 23: Reporting to Support Managerial Decisions – https://www.principlesofaccounting.com/chapter-23/

Chapter 24: Analytics for Managerial Decision Making – https://www.principlesofaccounting.com/chapter-24

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* Discussion Board in Week Two (Below is just for reference and not required) *

Week 4 Report Income Statement (Tesla, Inc.)

Overview

1. Review the instructions for the SEC 10-K project. This week’s report focuses on the Income Statement.
2. Review the discussion board in week three on the Income Statement.
3. Write a brief report of at least one-page. Consider using bullet points.
4. This report will assist you in the final SEC 10-K project deliverables.
5. Submit it as a Word document.

Requirements

The report should include the following:

• Sections or line items of the Income Statement including but not limited to:
  • Revenue (Sales)
  • Cost of Goods Sold
  • Gross Profit
  • Indicate if this is a Single-Step or Multi-Step Income Statement based on our course resources
  • Expenses; include two items on the income statement that are expenses
  • Net Income or Loss
  • Do not include EPS (Earnings per Share) or any per share values

References:

Tesla Inc. SEC 10-K https://www.sec.gov/ix?doc=/Archives/edgar/data/13…

Financial Reporting and Concepts. (2021, October 20), from https://www.principlesofaccounting.com/chapter-20/