10-K and 10-Q of Amazon.com financials review

10-K and 10-Q of Amazon.com financials review

This is a paper that discusses in detail the 10-K and 10-Q of Amazon.com financials review. All the information will be retrieved from the SEC EDGAR database.

The 10-K and 10-Q of Amazon.com financials review

Prior to beginning work on this assignment,

Firstly, review the financials contained in the 10-K and 10-Q of Amazon.com, Inc. from the SEC EDGAR database in the Filings & Forms (Links to an external site.) page. In particular, read the notes to the audited financial statements included in the 10-K, which will describe accounting policies and standards of the reported financials. Financial reporting standards are useful in the evaluation of any organization. Following standards will allow the comparison of organizations within the same industry. Using Amazon.com, Inc., provide a critical analysis of the financial reporting methodology that the company uses.
In your paper,
·        Firstly, describe the financial reporting framework that Amazon.com utilizes.
·        Secondly. assess the company’s financial report, based on the qualitative characteristics of Financial Reports, on the following criteria:

• Relevance
• Faithful representation
• Comparability
• Verifiability
• Timeliness
• Understandability
  ·

Thirdly, assess Amazon.com, Inc. financial report, based on the characteristics of an effective financial reporting framework, on the following criteria:

• Transparency
• Comprehensiveness
• Consistency
  ·

Lastly, review the Notes section of the annual report for company disclosures that might be material. Consider the following:
o   Describe the policies that have been reported. Identify the kind of policies that are involved in this section.
o   Explain how the policies have significance in the financial statements or how they do not. Ensure you provide in depth assessment of the selected policies in this part.

In writing of this paper ensure that you follow the designated guidelines. The guidelines for this paper are: The paper should be in APA format, it should contain at least 3 references, and lastly referencing and citation should be in the APA style.