Needles/Powers 2002e Financial and Managerial Accounting

Needles Accounting Resource Center

Financial & Managerial Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College


	Internet Research Activities Chapter 2: Measuring Business Transactions Transactions in a Business Article Instructions: Use the following business periodicals' web sites to search for a business article about a company you recognize or are interested in. Note any references to transactions that the company engages in such as sales and purchases or unusual transactions such as a merger or purchase of another company. A linked web site article is summarized below as an example. Business Periodical Web Sites: CNNfn Forbes U.S. News & World Report BusinessWeek MSNBC Commerce Barron's USA Today Money Fortune Time Financial Times Sample Article: "GlaxoSmithKline: Who Says Bigger Isn't Better?" (Businessweek–June 11, 2001) This article describes how GlaxoSmithKline has emerged as a world leader in five important therapeutic areas, which account for 84% of revenues. After a millennium year tainted by merger delays and product setbacks, Britain's GlaxoSmithKline, the world's largest drug maker, with $22.7 billion in global sales, is back on track. Just six months after the $195 billion merger that formed it, GSK is proving that when it comes to drug discovery, bigger is better. Extended Research Activity Read the BusinessWeek article entitled "The Numbers Game" then answer the following questions: What is "pro forma" reporting? List examples from the article that violate revenue recognition rules. Why would a company want to overstate expenses or write off inventory? Either print out your answers for submission or email them to your instructor.





	ACE Practice Tests

	Chapter Summaries

	Check Figures

	Company Links

	Accounting Transaction Tutor

	Learning Objectives

	Ready Notes

	Business Readings

	Internet Research Activities

	Toys'R'Us Annual Report Activities

	Fingraph Financial Reporting and Analysis Cases Using CPAnalyst(r)



	SMARTHINKING

	Web Links