Read the Notes to the Financial Statements (FS) for Hewlett Packard. These "notes" are displayed after the financial statements. The notes are required supplemental disclosures to a company’s financial statements.
1. Inventory disclosures:
Are there any disclosures about raw materials, WIP inventory, Finished Goods inventory levels?
How is inventory described for your SEC 10-K company? Relate your answer to topics in our course.
Report on any costing information such as inventory valuation methods–LIFO, FIFO, and/or average cost.
Comment on supplemental information provided related to inventory for your SEC 10-K company.
2. Cost and sources for production materials: Notice how cost is used in the SEC 10-K.
3. Briefly provide an overall SWOT (strengths, weaknesses, opportunities and threats) analysis for your manufacturing corporation as related to cost accounting-related topics. Although details are high level in the SEC 10-K filing, what do you learn related to operations and strategy?