Analysis Of The Presentation Of Starbucks Financial Position And Results

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Critical accounting policies are those that are believed to be most important to the presentation of Starbucks financial position and results. They require the most difficult, subjective and complex judgments. They are often used to make estimates about the effect of matters that are inherently uncertain. Starbucks considers financial reporting and disclosure practices and accounting policies quarterly to ensure that the documents provide accurate and transparent information relative to the current economic and business environment. Within the past three years, no material changes to the accounting methodologies have been used to assess the areas discussed. Starbucks fiscal year ends on the Sunday closest to September 30. Fiscal years 2015, 2014 and 2013 include 52 weeks (sec.gov). Statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP), which refers to a set of rules, standards, and practices. It is used throughout the accounting industry to prepare and regulate financial statements that are issued and help assist investors and creditors compare companies within the industry. Companies are expected to follow GAAP when they report their financial information. GAAP affects the measurement of economic activities and the disclosure of information about activities. It also affects the preparation and summarization of economic information, and the record keeping of measurements at average intervals. Other than the numbers on the balance

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