Purchase Solution

Apollo Group: analyzing the disclosures

Not what you're looking for?

Ask Custom Question

Can you help me get started with this project?

Apollo Group is a publicly held company and should be used as the basis for this assignment. I suggest you go to http://www.apollogrp.edu/annual-reports/2007.pdf. The financial statements begin on page 61 with the auditor's report and the notes to the financials begin on page 67 and run through page 103.

Prepare a response analyzing the disclosures contained within the notes to the financial statements related to cash and cash equivalents, receivables, and inventories. Include a list identifying the components of the organization's cash and cash equivalents.

Purchase this Solution

Solution Summary

Your tutorial is 719 words and discusses Apollo's disclosures surrounding cash, receivables and inventory for the year ended August 31, 2007. Apollo's 2007 annual report is attached for your convenience.

Solution Preview

The disclosures for cash, cash equivalents, receivables, and inventory will be primarily in three places. First, there are some disclosures on the face of the financial statements. Since all of these are assets, we will notice these disclosures on the balance sheet. The second place we may find information disclosed on these assets is in the summary of accounting policies footnote. This is the first footnote after the statements. Finally, the third place we may find details disclosed about these amounts will be in an individual footnote dedicated to these items. Whether these items will have a dedicated footnote will depend on the significance of the balance (big enough to be material) and any unusual activity that might need further explaining to help the reader understand the company's assets.


Apollo's cash and cash equivalents on the Balance Sheet for the year ended August 31, 2007, shows $339,319. This is a large amount as a percent of assets (almost a forth of total assets). If the line item on the statement was just "cash," we would not expect to see much more disclosure as cash is pretty straight forward. However, the line item includes ...

Solution provided by:
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution

Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.


This tests some key elements of major motivation theories.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce