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ACTPACO

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 at least 4 students. A group leader is identified.

2. Each group will get a copy of 2012 or 2013 annual report (whichever is available) of the
chosen stock corporation. The group will go over the annual report, relate the annual report
to lectures taken in ACTPACO 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 its 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 class/es of stock the corporation is 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. Does the firm have treasury shares? How many shares are there in the treasury?
How much is the cost per share? What method of recording treasury stock does the
firm follow?
f. How much is its total retained earnings? How much is free? How much is
appropriated? What kind of appropriations did it make?
g. Did the firm declare cash dividends during the year? If yes, how much?
h. Does the firm 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 the firm’s Statement of Changes in Equity follow the format given in class? If
yes, what column headings does it have? What particular accounts and amounts did
the firm include under each column heading? If the company did not follow the
format given in class, what format does it have?
k. Did the notes to financial statements 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?

3. The written report must


a. be printed in short bond paper;
b. be double spaced with a font of 12 arial;
c. have a one inch margin all over;
d. contain 10-15 pages;
e. include the relevant page/s of the annual report (not included in the required pages);
f. be stapled, placed inside a short brown envelope, and submitted on or before the
specified deadline in no. 4.

4. Deadline: August 18, 2014 for MW and August 19, 2014 for T-H.