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Analyzing Alphabet, Inc Annual Letter to Shareholders

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Final Exam – EMBA 760 (Introduction to financial accounting)

Class EMBA #50 – Spring 2017

Alphabet & Wirtel Co.

STL and Kansas City

Name  Mike Rapp EMBA 50 Team E         

Instructions:                                                

  1. There are 6 parts to this exam. Be sure you have a complete exam. Read each problem carefully before beginning. This exam is open book, notes, library resources, etc.
  2. The primary purposes of this exam are to (1) reinforce the concepts covered during the course, (2) challenge you to continue to develop your accounting and business knowledge, and (3) provide an input to be used to assign a final grade in the course.
  3. You have two choices when completing this exam. These choices depend on whether you are pursuing the grade of ‘P’ (aka PASS) or the grade of ‘HP’ (aka HIGH PASS).
  1. The following applies for students pursuing a ‘P’ in the course:
  1. You must complete the parts identified as ‘P’ in Table 1 below.
  2. You may seek “guidance” from others to help you over blockages. However, your solution is an individual task, with you alone being responsible for it.
  1. The following applies for students pursuing an ‘HP’ in the course:
  1. You must complete all parts of the exam as shown in Table 1 below.
  2. You may NOT discuss the exam with anyone. All aspects of the exam are your responsibility alone.
  1. The Code of Conduct for the Olin School of Business applies and you will need to sign a form on the next page indicating your understanding of these requirements. Provide full cites to all references used. Please contact the instructor if you have questions about the policy.
  2. Format for your solution: Please take care to (1) put your name on each page, (2) label each question clearly, (3) answer all the questions (but you can focus on parts that you believe will maximize your learning; but do communicate clearly which parts you focused on and which parts were not priorities for you), (4) present your solution in the proper order, and (5) staple the pages of your exam together. In sum, your exam should be organized and presented in a professional manner to enable assessment of your solutions.
  3. There are several files on Blackboard that you may wish to review prior to, or while you are completing the exam, including an Excel template file that you will need to use.

[pic 1]

  1. See the next page for due dates.

  1. The firm that will be the primary focus of this exam is referred to as “THE FIRM” hereafter.

TABLE 1: OVERVIEW OF THE EXAM

Part #

Who must complete?

Topic(s)  

Points

1

P*

Analyst’s street-view of the FIRM

15

2

P

Expanded presentation of the FIRM’S financial statements (use the Excel spreadsheet on Blackboard)

15

3

P

EBITDA and analysis of the FIRM’S SCF

15

4

P

Ratio analysis of the FIRM’S financial statements

15

5

P

Pro forma financial statements – Wirtel, Inc. (this part of the exam is based on a stylized example - use the Excel spreadsheet on Blackboard) OR Optionally, discuss how course did (or did not) affect the development of your business and/or professional skills 

15

6

HP*

Earnings quality and preparation of forecasted / pro forma financial statements

25

Total of 75 for ‘P’ and 100 for ‘HP’ students

* P indicates that all students must complete this part and HP indicates additional requirement of students seeking an ‘HP.”


Name  Mike Rapp EMBA 50 Team E        

The purpose of this page is for you to indicate

  • That the code of conduct applies and
  • Whether you are pursuing a ‘P’ or an “HP.’.

  1. Please indicate below whether you are pursuing the grade of 'HP' or 'P' by signing the appropriate line below. If you do not submit a signed form, I will assume you are pursuing a ‘P.’

----------------------------------------------------------------------------------------------------------------------------------

For those pursuing a 'HP' 

  1. I have completed all parts of the exam,
  2. I have not discussed the exam with anyone,
  3. I have not sought or received any help on any part of the exam. All aspects of the exam are completely my responsibility, and
  4. I have followed the EMBA code of conduct.

Sign here if you are pursuing a ‘HP’

Sign here____________________________________________

----------------------------------------------------------------------------------------------------------------------------------

For those pursuing a 'P' 

  1. I acknowledge that I can ask others (but not those in the class who are pursuing the grade of 'HP') for hints to get over blockages, but
  2. The write-up is my own responsibility alone. I have not received any aid beyond that of hints to get beyond blockages, and
  3. I have followed the EMBA code of conduct.

Sign here if you are pursuing a ‘P’

...

...

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