You should complete the final annual report project and submit its electronic version of the report....

Question

You should complete the final annual report project and submit its electronic version of the report. You should use the following book:

Introduction to the corporate annual report-a business application with IFRS content, 3rd by Stanko, B. and T. Zeller

(www.appliedaccountinganalytics.com)

Your company = Dow.

In completing the financial reporting project, you will be using "Introduction to the Corporate Annual Report - a business application with IFRS content, 3rd edition" to analyze a company.

You can find most of the information you need for your financial reporting project by referring to the company's 10-K.

The Form 10-K is a document that publicly traded companies file annually with the SEC. The Form 10-K contains the same financial statements that the company’s annual report does, but in a more detailed form. In addition to more detailed financial statements, the 10-K allows you to find out additional information such as the amount of stock options awarded to executives at the company.You can find your company’s Form 10-K by visiting your company’s website or going to the SEC.gov website.

Here is a link to a YouTube video that shows you how to find your company’s 10-K on the SEC site.http://www.youtube.com/watch?v=TkpyuNEGO4A

The easiest way to find a company's 10-K would be to locate it on the company's website. For example. if you are looking for Dow Chemical Company's SEC 10-K by first finding Dow's corporate website. Here is the url for Dow's website --which you can find by performing a google search:

http://www.dow.com/

Then, click on "Investors" link. For some websites, you may need to click on "Company Information" link or the "About" link. Here is the url for Dow's "Investors" link:

http://www.dow.com/investors/

Then click on "Financial Information" --"SEC Filings"---here is the link for Dow's SEC Filings page:

http://phx.corporate-ir.net/phoenix.zhtml?c=80099&p=irol-sec

Then, bring down the drop down menu for "All Forms" and select Annual Filings. Here is the link to Dow's page for Annual Filings.

http://phx.corporate-ir.net/phoenix.zhtml?c=80099&p=irol-sec

Then, click on the latest 10-K --filed on 02/15/13--in the format you would like to use. I usually like the pdf format because it is easy to search.

*****************************************

Alternatively, you can access a company's SEC Form 10-K on the SEC website. Here is a link to a video that explains how.

http://www.youtube.com/watch?v=3owcO0vu7rQ

Robert · Accepted Answer

The Dow Chemical Company is known mostly be the name of Dow. It is an American 
multinational chemical corporation and it’s headquartered in Midland, Michigan, United States. 
It is one of the largest chemical manufacturers in the world in terms of revenue. The company is 
having high value of Goodwill all over the world.  This company is also having a very high 
market capitalization. 
The business of DOW is to manufacture plastics materials, chemicals and agricultural products. 
The total Revenue of the company in 2009 was 44875 million us out of which income after tax 
was 469 million Used. But in 2010, the company had a drastic change in the profit after tax 
because it increases directly to 2802 million us which is 400% increase comparing to last year. 
Seeing such a high rise in the profit of the Company share prices increased drastically. Again in 
2011, there was 50% rise in the profit after tax which amounted to 3601 million Used. The 
company was going very strong and market also had huge expectations from this company 
because the company was having a drastic increase in the income after tax every year. But when 
the company filed its Form 10-k  stating 2012 reports , the income fell significantly, directly from 
3601 million us , it came down to 1665 million Used.  
Debt taken by Dow in 2009 was 928 million Used and the earnings available to pay this debt 
was 2178 million us which means ratios of earning to fixed charges was 2.8 which is very good 
for any manufacturing company.
Primary drivers which will explain current and future results of operations discussed in MD&A 
are: 
1) Profit decreased significantly because of restructuring charges. 
2) Cost of sales has increased. 
3) Interest expenses increased. 
4) Debt has been created posing threat to company business.
Financial highlights of company’s Annual report to shareholders are: 
Categories Current Year One year prior 
Net Sales 
56786 million 
Used 59985 million us 
Net 
Income 
1182 million 
Used 
2742 million 
Used 
Basic EPS 0.7 $ 2.05$ 
Total 
Assets 
69605 million 
Used 
69224 million 
USD
http://en.wikipedia.org/wiki/Multinational_corporation
http://en.wikipedia.org/wiki/Midland,_Michigan
 
Details about the Auditors of the Company: 
The company’s Auditors are Deloitte & Touché LLP, Its located in Midland, Michigan. 
Moreover, the board of directors is responsible for preparation of financial statements. 
The work of Auditor is to give opinion about financial statements whether it’s reflecting 
true and fair view about financial statements or not. The audit was conducted according 
to the integrated framework by the committee of sponsoring organizations of Tradeway 
Commission. According to auditor,

You should complete the final annual report project and submit its electronic version of the report. You should use the following book: Introduction to the corporate annual report-a business...

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