study on nike inc
the study is on Nike Inc. 6-8 pages
Accounting is the language of business, and it is not a dead language! The
FASB is responsible for ensuring that all relevant and material financial
information is properly codified in Generally Accepted Accounting Principles
The use of off balance sheet leases to distort the real liabilities of
companies is a topic of long-lived concern. ASU 2016-02, Leases, is the most
recent action of FASB to address this issue.
For this assignment you will select a company of your choice or use one (1)
of the companies you researched in your weekly discussions to write a six to
eight (6-8) page report in which you:
Summarize the impact of ASU 2016-02, Leases on the recording of leases.
Discuss at least three (3) elements featured in the current information
reported by your chosen company for its leases.
Analyze the impact of the new standard on the reporting of your chosen
Compare and contrast the impact that ASU 2016-02, Leases will have on the
financial ratios of your chosen company.
Determine the impact of the changes to accounting for leases on the
recommendations of stock analysts for your chosen company.
Use at least four (4) quality academic resources in this assignment. Note:
Wikipedia and other websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch
margins on all sides; citations and references must follow APA or school-specific
format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s
name, the professor’s name, the course title, and the date. The cover page and
the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Examine accounting principles and concepts used in businesses.
Prepare and record financial transactions in the accounting cycle according
to Generally Accepted Accounting Principles (GAAP) and International Financial
Reporting Standards (IFRS) accounting methodology.
Prepare and analyze financial statements including the balance sheet, income
statement, and statement of cash flow according to GAAP and IFRS.
Examine inventory costing and valuation according to GAAP and IFRS.
Analyze how GAAP is applied to asset valuation and liabilities.
Determine how to value investments and how to report them based on that
Analyze the accounting for corporation requirements related to stock
valuation, dividends, and retained earnings.
Calculate financial ratios, interpret results, and draw conclusions.
Use technology and information resources to research issues in financial
Write clearly and concisely about financial accounting using proper writing