University of La Verne

BUS 502 Corporate Accounting and Reporting II

Assignment #1 – Barnes & Noble, Inc.

 PLEASE follow the attach handout to write assignment. This assignment have 15 questions, need to be answered base on the Barnes & Noble, Inc. Form 10-K which you can download from there website and the book I just upload on the sendspace. Also Please reference the page number(s) in the Form 10-K where you found your answer. Again please read the handout CAREFULLY, and do not miss the questions. Thank you! Please download the book: https://www.sendspace.com/file/lwan3q And you will need base on the chapter 8-12 to answer some question. Just note the answer must base on the book and 10-k.

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Project Overview

The objective of the project is for you to improve your understanding of accounting concepts and how they apply to a real-life company.  You will be answering the questions below largely based on the Form 10-K for Barnes & Noble, Inc. filed with the Securities and Exchange Commission for the fiscal year ending April 30, 2016.

 

Report

The format of your report is to follow the outline of the questions included in this handout.  In your report, state the question or item immediately followed by your answer which needs to be concise (i.e., brief and to the point) and complete.  Reference the page number(s) in the Form 10-K where you found your answer.

 

This is an individual, not a group, assignment. You will also share your answers orally in class on the due date indicated. This sharing will be done in small groups and not require a formal presentation.

 

Deadline

This assignment is due to Blackboard by Monday, February 6, at 5 p.m. Then at 6 p.m. you are to bring to class two paper copies of your answers, one of which you will keep and the other you will give to your instructor.  You must also be prepared to share your answers with your classmates on that date.

 

Grading criteria

This assignment is worth 100 points which represents 12.5% of your course grade. Your grade will comprise two components:  a) your written answers (90% weighting) and b) your participation in the in-class sharing activity (10% weighting). Your written answers will be evaluated in terms of accuracy, completeness, organization, and proper language. Your participation in the in-class sharing activity is an important part of your learning process. You will be evaluated on your display of professionalism, enthusiasm, and confidence.

 

Assignment Questions

1. How is the cost of inventory determined?

 

How was the Company impacted by the FASB ASU 2015-11 “Simplifying the Measurement of Inventory?” Explain.

 

Explain the impairment test for goodwill and the results.

 

How did the Company evaluate long-lived assets for impairment and what were the results?

 

What are the time periods for the Company’s inventory purchase commitments and how are they reported?

 

How does the Company account for inventory shortages?

 

Considering the nature of the business, what might be included in the reported land improvements?

 

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