Full Disclosure in Financial Reporting



Week 9 Assignment 1 Report - Reminder (200pts Worth)

Hi Class,

Be sure to follow ALL instructions given below to attain FULL points. This is a fast and

great way to boast your grade. In addition, at my discretion, I will be running your reports via

turn-it-in so be sure NOT to plagiarize your work and reference according. Below are the

instructions and grading rubrics for this assignment. All you need to do is answer ALL the

questions thoroughly.  WARNING - CUT AND PASTE WORK WILL GET AN


Assignment 1: Full Disclosure in Financial Reporting – Verizon Communications

According to the textbook, the goal of financial reporting is to report financial information that is

transparent and complete and truthfully report the financial performance of a company. Investors and

other interested parties need to read and understand all aspects of financing reporting.

Use the Internet to research Verizon Communications’ financial statements, annual report, notes to the

financial statements, president’s letter, and management discussion and analysis from the most recent

year in order to complete this assignment.


Write a five to six (5-6) page paper in which you:

1.     Discuss the disclosure requirement on accounting policies, and identify at least two (2) examples

of the most commonly required disclosure. Explain the key ways in which the examples you

provided are useful to financial statement users. Analyze Verizon Communications’ disclosure on

accounting policies, and give your opinion on whether or not the information is helpful for decision

making. Provide a rationale for your response.

2.     Explain the importance of the management discussion and analysis section of an annual report. 

Select three (3) items from Verizon’s management and discussion analysis of the annual report

that could be useful to potential investors. Provide three (3) specific examples of how the three

(3) items you selected could influence a potential investor’s decision to invest in Verizon.  

3.     Describe segmented information, and explain the way in which companies determine segments.

Identify at least three (3) advantages and three (3) disadvantages of segmented financial data.

Give your opinion on whether or not the advantages outweigh the disadvantages. Outline the

manner in which Verizon segments its financial data. Suggest key actions that Verizon’s

management can take in order to improve the company’s segmented financial data. Provide a

the rationale for your response.

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