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    Discuss footnotes for heavy equipment manufacturing company

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    Please find attached financial information of heavy equipment manufacturing industry.

    Based on the information provided prepare footnotes, which include the following:

    Nature of Operations
    Use of Estimates
    Revenue Recognition
    Cost of Products Sold
    Selling, General and Administrative Expense
    Cash Equivalents
    Investments - preliminary
    Inventory Valuation
    Property, Plant and Equipment

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    Solution Preview

    See the attached file for active links and the full P&G disclosures of accounting policies to use as a sample.

    Here is what I would do:

    First, Caterpillar would be a very similar corporation to your sample company. For the significant accounting policies disclosures, I used Yahoo and viewed the last annual report published February 22, 2011. It is the SEC Form 10K, and you want to view ...

    Solution Summary

    The cited solution presents ideas and sources for disclosure items including a complete disclosure that can be used as a model for the fictious company.