Accounting Project Essays

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Pages: 7

FINAL PORTFOLIO PROJECT

Portfolio Project
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Intel Inc.
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Refer to the Intel Inc. 2012 financial statements and the accompanying notes to answer the
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following questions. The 2012 financial statements of Intel can be accessed at:
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http://www.sec.gov/Archives/edgar/data/50863/000119312513065416/d424446d10k.htm
Module 1
1) What are the maturities on Intel’s Long-term debt?
2016 1,500
2017 3,000
2018 & thereafter 10,275
2) What are Intel’s projected obligations on Long-Term Debt and Payments due by period?
Total
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Deferred tax assets:
Accrued compensation and other benefits
Share-based compensation
Deferred income
State credits and net operating losses
Deferred tax liabilities
Property, plant and equipment
Licenses and intangibles
Convertible debt
Investment in foreign subsidiaries
Other, net
Module 4
1) What kind of pension plan does Intel provide its employees?
Intel provides two kinds of pension plans: a) U.S. Pension Benefits: b) Non-U.S. Pension Benefits
2) What was Intel’s pension expense for 2011 and 2012?
2011: $2970 2012: $3,638
3) What is the impact of Intel’s pension plans on its 2011 and 2012 consolidated balance sheets?
Those are recorded as Liabilities on the balance sheet (the current obligations are recorded under current liabilities while long-term obligations are posted under the Long-term Liabilities section)
4) What information does Intel provide on the target allocation of its pension assets? How do the allocations relate to the expected returns on these assets?
Intel has Investments held by Insurance Companies over which the company has no Control (These represent 40% of total non-U.S. plan assets as of December 29, 2012). The target allocation of the non-U.S. plan assets that we have control over is 49% equity securities and 51% fixed-income instruments. “The allocation to each asset class will fluctuate with market conditions,