The TMA Questions Financial Reporting on the Internet (Tyco Electronics Ltd.) TE Connectivity Ltd. is a global company that designs and manufactures…

The TMA Questions

Financial Reporting on the Internet

(Tyco Electronics Ltd.)

TE Connectivity Ltd. is a global company that designs and manufactures approximately 500,000 products that connect and protect the flow of power and data inside millions of products used by consumers and industries. We partner with ******ers in a broad array of industries from consumer electronics, energy, and healthcare to automotive, aerospace, and communication networks.

Tyco Electronics Ltd. was incorporated in Bermuda in fiscal 2000 as a wholly-owned subsidiary of then Bermuda-based Tyco International Ltd. (‘‘Tyco International’’). Effective June 29, 2007, Tyco International distributed all of our shares to its common shareholders (referred to in this report as the ‘‘separation’’). Tyco became an independent, publicly traded company owning the former electronics businesses of Tyco International.

Access the Tyco Electronics Ltd. web page at: www.te.com. From Tyco’s home page, choose Investors, and then “Annual Reports”, followed by clicking on “2012 Annual Report” to download the annual report on Form 10-K (PDF).

Instructions:

Use the annual report to answer the following questions:

1-      Who is responsible for the preparation of the financial statements and related information that are presented in this report? Support your answer by evidence from the annual report.

[6 marks]

2-What are the objectives of financial reporting by Tyco Electronics Ltd.?

[8 marks]

3-How does the definition of accounting as the “language of business” relate to accounting as being useful for Tyco Electronics’ investors and board of directors?

[10 marks]

4-For the two most recent years, 2012 and 2011, list the amounts reported for “Revenue”, “Operating Income”, and “Net Income”. Is Tyco Electronics growing and expanding? Is Global Inc. a profitable company”? Comment whether the three years trend of revenues is favorable or unfavorable.

[10 marks]

5-Briefly explain what is meant by the term property, plant and equipment, identifying at least three items included in this category. Support your answer by suitable figures from the Tyco Electronics’ 2012 annual report.

[7 marks]

6-Which form(s) did Tyco Electronics Ltd. use to present its income and balance sheet?

[6 marks]

7-Tyco Electronics’ Consolidated Statements of Cash Flows, for the Fiscal Years Ended September 28, 2012, September 30, 2011, report depreciation and amortization. What types of intangible assets would you guess require amortization? Support your answer by suitable figures from the Tyco Electronics’ 2012 annual report.

[8 marks]

8-Identify four accounts on Tyco Electronics’ balance sheet that provide evidence that Tyco uses accrual accounting. In each case, identify the income statement account that would be affected by the adjustment process.

[10 marks]

9-Find Tyco Electronics’ 2012 consolidated statements of cash flows.

a-What journal entry did Tyco Electronics make in 2012 to record:

1-Proceeds from long-term debt.

2-Payment of common share dividends and cash distributions to shareholders.

b-What is meant by “Net cash provided by continuing investing activities.” Explain the change in “Net cash provided by continuing investing activities” between 2011 and 2012.

[12 marks]

10- For the two most recent years (2012 and 2011), p. 14. Tyco Electronics Ltd. discloses that, as of September 28, 2012 and September 30, 2011 respectively, the working capital was (in millions) $2,499 and $3,571, respectively. What is meant by the working capital? Explain your reasoning.

[8 marks]

11-For the two most recent years (2012 and 2011), are Tyco Electronics’ assets primarily financed by debt or owner’s equity? Explain your reasoning.

[10 marks]

In your answer, you should explain each point or inquire separately. Use the following headings (below) to make up the different sections of your answer

Prepare a paper analyzing why, under certain circumstances, two state trials in two different states for the murder of the same person will not violate the Double Jeopardy Clause of the U.S. Constitution. Also, analyze why, under certain circumstances, a state trial and a federal trial may be held for the murder of the same person without violating the Double Jeopardy Clause of the U.S. Constitution. As part of this assignment, you should conduct legal research to support your analysis of the concept of Double Jeopardy.Using the legal research tool WestLaw, complete the assignment and provide your instructor with a detailed description of your search terms, techniques and results. With your submission, include a list of all Boolean search terms, or natural language searches, utilized to complete this assignment.

Your paper should be 3-4 pages long, double-spaced in 10-12 point font (Arial, Courier, and Times New Roman are acceptable). Document your research using proper APA or Bluebook formatting. Submit your paper to the Dropbox by the end of Unit 8.

The statement of financial position for Ruiz Company includes the following accounts (in British pounds): Accounts Receivable £12,500; Prepaid Insurance £3,600; Cash £15,400; Supplies £5,200; and Debt Investments (short-term) £6,700. Prepare the current assets section of the statement of financial position, listing the accounts in proper sequence.
(List current assets in reverse order of liquidity. Do not enter currency symbols in your answer.)

RUIZ COMPANY Partial Statement of Financial Position