Coca Cola Auditing Project

The Coca-Cola Company is America’s number one soda brand and has been consumer’s drink of choice for decades. Coca-Cola does not sell just for its great taste, but also for its effective marketing strategies and sustainability. According

Performing a financial analysis is very useful for any businesses to enhance the knowledge of performances, strengths and stability of their financial. This paper intends to compare and contrast the qualitative and financial statements of the past three years of the Multinational companies of soft drinks, Coca-Cola and PepsiCo. Currently, both companies are business competitors and they highly regard their customer’s base loyalty. To familiarize ourselves with these two successful companies, we have to focus on their differences. Coca-Cola was founded in 1886, nowadays is available in more than 200 countries being the most popular beverage with its 94% worldwide recognition and being world’s third valuable brand.

An important decision for any shareholder is deciding whether or not to do business with that company. When a business is audited, the operations are reviewed to make sure that nothing is being hidden. An auditor will review the company’s financial statement and practices to confirm that each are direct and correct. The financial statements are the business’s way of representing them and showing that they are following the Generally Accepted Accounting Principles. The audit process is an important one because it provides a platform for the auditor’s opinion concerning the financial statements of the company. As part of the audit process the auditor will conduct an audit plan that outlines a number of actions that he or she will be perform while also detailing the reason for those actions. With every audit, the business’s management is in charge of handing over the financial statements that the auditor will review; while the auditor will review the statements for any material or immaterial misstatements.

The environment: Coca COla conduct our business in such a way that the environment is protected and preserved, and the principles for environmental management and sustainable development into their business decisions and

Coca Cola has differentiated its product and services that are valued by its customer. Its product are based on customer’s preferences, with affordable price and made easily accessible.

The Coca Cola Company is very cautious and responsive to change; they act with urgency and have the courage to discourse when needed to work more efficiently. Coke’s focus is to administer its system assets to build values and rewards for the people who take risks by finding better ways to solve problems. Coca Cola Company feels they are accountable for their actions and inactions and hence answerable to the people. They learn from their outcomes and understand what works or what doesn’t for them.

The Coca-Cola Company is a leader in the beverage industry with a reputable brand and strong global presence. According to the Coca-Cola Company’s mission statement and 2020 vision, some of its goals include:

In order to achieve the maximum degree of success that is possible within the context of the consumer marketplace, it necessary that a company possess a profound commitment to the meeting of consumer needs and the cultivation of consumer satisfaction. In order to properly pursue such a commitment, it is frequently necessary that a company adjust its overall set of strategic priorities with regards to the requirements that are necessary in order to meet the company’s goals and objectives. Coca-Cola is a firm that is committed to a comprehensive vision concerning the

At the same time it is imperative on company’s part to give back to the society that made it successful in the first place keeping in mind all the stakeholders associated with it.Before taking on this project I had no idea that Coca-Cola was doing these sustainable activities. During the course of this project I have understood how important it is to have sustainable practices in a company. I have also understood how the various stakeholders of the company are positively affected by these sustainable practices and how it can be life changing, consider the lives of various women that Coca-Cola is touching by offering them various jobs and schemes. All the strategies taken up by the company are aligned with the UNSD goals.

Coca cola has been top in the market for the last decade or even 2 decades. But can coca cola maintain their top level in the market?

Coca-Cola was the first cola in the United States and is also the top selling cola globally (About Us Coca-Cola History, para. 1). Coke was the only product that Coca Cola Corporation sold when it was first started, and now has other products that satisfy the different palates and concerns of consumers. Consumers don’t realize some of the products that are part of the Coca-Cola family until after reading the bottling information on the label. Financially Coca-Cola is still a global leader in the cola wars, with Pepsi being its number one competitor, but with

Coca- Cola has broad sustainability strategy known as “Live Positively” which is integrated to the company’s overall business plan. It incorporates the environment, community and workplace. Coca Cola created a “2020 Sustainability Goals” that isn’t compliance based or based upon a license to operate. Bea Perez, Chief Sustainability Officer, The Coca-Cola Company believes that the health of the Coca Cola Company and the health of the communities where they operate are closely connected as such they consider the correlation between their business, the environment and the communities they operate across the planet.

The name Coca-Cola is one among the foremost common brands within the world and the company and graded the most important company in beverages trade these days. This can be therefore as a result of the Coca-Cola Company continues to achieve growth to the timely increasing across the planet, the corporation operates presently in additional than two hundred countries with 84,000 suppliers this makes seventieth of the company’s turnover to be from different foreign countries. This can be potential thanks to globalization; John Pemberton founds the corporate within the 1880’s within the US of America with a decent name for consistency and top quality, within the early stage storekeepers requested for a gorgeous package with complete recognition.

Basing on the report of the EDGAR and United States Security and Exchange Commission, Coca-Cola Company is one of the best non-alcoholic companies leading in various global operation sectors like marketing, manufacturing and distributing its products at global level. The company’s main products include different beverage products that are distributed around the world, and it also distributes concentrates and syrups globally. The company has several objectives. Some of them are serving customers adequately, valuing their interest, protecting company 's assets, minimizing business risks and maintaining a sustainable environment that is often friendly to customers.

Coca Cola wants to grow its business, but does not want to grow its system wide carbon emission in manufacturing operations. To cut on the emission of carbon, Coca Cola developed among others a ten high-return, low-risk energy best practices for bottling partners and a new combined heat and power plant went online. The system reduced already two percent of their carbon emission.