Financial Reporting Process

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Financial Statement Development and Analysis Part A Three (3) of the financial disclosures that would provide evidence as to whether Coca-Cola is achieving its objective are: Coca-Cola’s mission declares the company purpose and standards by which Coca-Cola will operate. Coca-Cola’s roadmap starts with a mission that is lasting. The basic tasks of Coca-Cola are: to refresh the word, to inspire moments of optimism and happiness and to create value and a make a difference. Maximizing shareholders value over time is Coca-Colas’ mission. In order to achieve this mission, Coca-Cola Company has to execute a business strategy driven by four key objectives: maximize its long-term cans…show more content…
It consists of four parts: expenses, income or lost, earning per share and revenues. Financial performance will show the summary of how the business incurs its expenses and revenue through non-operation and operating activities. It will show all of the net profit or loss occurred over a certain accounting period, such as quarterly or annually. It indicates how the revenues are transformed into the net income. The income statement is to show investors and managers where the company lost or made money during period be reported. Cash flow statement is a financial statement that can be used to predict future cash flow, which would help with matters in budgeting. If you are an investor, cash flow will reflect the company’s financial health. The cash flow statement captures both the current operating result and the changes accompanying in the balance sheet. When use as an analytical tool, the statement of cash flows is useful in determining the short-term viability of the company, definitely its ability to pay bills. The more cash that is available for the business operation, the better. However, a negative cash flow could occur from the results of the growth strategy from a company in the form of expanding its operation. Investors can get a clear picture of what some people consider the most important aspect of the company by adjusting earning,
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