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ACCT 220 Principles of Accounting I - SEC 10-K Report on Amazon
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The report was completed for the Principles of Accounting I course through the University of Maryland Global Campus. The subject matter covered was the annual financial reports for Amazon, Inc. covering the years between 2019 to 2022. The sections covered were an Introduction, current standing, ana...

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  • June 10, 2024
  • 9
  • 2022/2023
  • Essay
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SEC 10-K Report on Amazon.com, Inc.




<Name>

University of Maryland Global Campus (UMGC)

ACCT 220 Principles of Accounting I

Professor: <Name>

<Date>

, SEC 10-K Report on Amazon.com, Inc. 2


Introduction

Amazon.com, Inc. was founded on July 5, 1994, by Jeffrey P. Bezos and it was originally

named “Cadabra, Inc. (as in abracadabra) for a few months, but his lawyer said it sounded too

much like "Cadaver,". So, then he chose “Amazon” from a dictionary after the largest river and a

place that was “exotic and different.” Once it opened for business as an online bookseller in July

of 1995 within a few years it was known as “Earth’s Biggest Bookstore” offering over 2.5

million books. The company went public in May 1997, during this time they also started selling

CDs, videotapes, audiotapes, and a few other miscellaneous items (Amazon.com,Inc., 1997, p.

4). In 1998 Amazon had more than 4.7 million books, music CDs, videos, DVDs, computer

games and other miscellaneous items for sale now (Amazon.com,Inc., 1998, p. 3).

Amazon’s retail company has come along way since the beginning and now battle it out

with competitors like Apple, Walmart, and eBay to name a few. Any company that sells books,

used items, electronics, movies in several types of sources, and all other retail items are in

competition with them around the world.

Amazon is a world recognized retail company, it is the ranked fourth for the World’s Best

Employers, 2021 on Forbes list and ranked second on the Fortune 500 list for retail companies

(Amazon.com, Inc., n.d., Awards and Recognition). Their main geographic area is the United

States. The Chief Executive Officer is Andrew R. Jassy, and the home office is located North

Seattle, Washington (Amazon.com, Inc., 2021, p. 47).



In this project we will analyze Amazon’s financial statements from the Securities and

Exchange Commission, which cover the years from 2019 to 2021 and ratios during these years.

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