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ACC 422: Disclosure Analysis Of Ford Motor Company

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ACC 422: Disclosure Analysis Of Ford Motor Company
Disclosure Analysis Paper
Jennifer Lopes
ACC 422
June 30, 2014
Roger Beckstead
Disclosure Analysis Paper

Disclosures are an important part of the financial reporting for publically traded corporations. The following analysis will look at the Ford Motor Company’s disclosures relating to the company’s current assets of cash equivalents, inventory, and receivables. Disclosures can be found in the Ford Motor Company’s financial statements and they will help the readers to have a better understanding of the financial data. The sections of the company’s disclosures will be analyzed in detail throughout this paper. The Ford Motor Company uses a table of contents titled Financial Content for their significant disclosures so that the reader of the financial statements can easily find whatever he or she may be looking for. The type of disclosure is listed along with a page number where the precise information can be found. The disclosures for the Ford Motor Company’s assets are very precise. In 2013, Ford Motor had a historical year with advancing every part of the long-term strategy for a profitable growth and winning more than three dozen awards for …show more content…
The standard deals with business combinations, a standard that is issued by the Financial Accounting Standards Board (FASB). The standard for business combinations according to Ford Motors Company’s Annual Report deals with “the disclosure of supplemental pro forma information for business combinations that occur during the current year” (Ford Motor Company Annual Report, 2013). Another accounting standard that is used deals with financial services-insurance. This standard was put into place by the FASB and it addresses the deferral of acquisition costs within the insurance industry. Basically the standard changed or modified the type of costs in a company that can be capitalized in the renewal and acquisition of insurance
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