BUS 1102-01
BASIC ACCOUNTING
WRITTEN ASSIGNMENT UNIT 7
Introduction
In this week’s assignment, I have learned a lot about current liabilities and long term liabilities
and how they are applicable in accounting and how they are also beneficial to a company or an
individual.
The name and ticker symbol of the company you have chosen.
The company name I have chosen is Dell Technologies Inc. This is because the company is well
known world as one of the most successful company in production and selling of their products
globally. Dell Technologies Inc is known publicly with the symbol DELL that existed for a very
long time.
The URL to the company’s Form 10-K to allow accurate verification of your answers.
A ticker symbol for the company is Dell Technologies Inc. You can find its K-10 form
on this link:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1571996/000157199622000021/dell-
20220429.htm
A description of two items from the company’s statement of cash flows:
By definition an income statement is a statement which summarizes the organization’s financial
performance within a given period of time. (Franklin et al., 2020).The report has captured many
details and the two descriptions are as below.
Item one,
Knowing the company as being global and financially stable, I was really interested in knowing
how it is performing financially. This led me to check on its cash inflows and cash outflows and
also on what its net income is when compared with operating cost as indicated in the
statement. All these were well indicated and in details.
Item two,
I also expected to see how the financial report would show the investment of assets which are
long term and how they would be purchased and sold. This also include how non-financial
assets are managed.
One unfamiliar item that you did not expect to be on the statement of cash flows, based on
what you’ve learned about cash flows.
From the statement, it indicates that the common stock has an adjustment to Net Income
which indicates that the main financier are only interested in increasing the capital and then
give it back to the investors.
Would you invest in the company based on the information from the statement of cash flow?
After going through the statements, I would still invest in the company. Despite the fact that
the company could experience some losses, the company still remain stable with their
production level remaining stable and also the company has a global market.
Conclusion
In conclusion, investment is very important in a business so long as the risks involved are well
calculated. All companies have the best moment and worst moments in business and this does
not mean that when they are the best performing then they are the profit making businesses or
when they are not performing then they are loss making businesses.
Reference.
Franklin, M. Graybeal, P. & Cooper, D. (2020). Principles of accounting, volume 1: Financial
aaccounting. Open Stax Rice University.
https://openstax.org/details/books/principles-financial-accounting
