Sbucks Financial Reports

Upon reviewing your post, the insights I gain are the importance of companies following the rules and regulations enforced by The Securities and Exchange commission (SEC). In addition to the (SEC) financial accounting are also monitor by the Financial Accounting Standards Board (FASB) regulate the financial statements issued to shareholders. Zimmerman, J. L. (2014). I also realized the importance of companies making certain that the financial information posted, is accurate. By doing so, they help others such as stockholders and investors to make decisions that will be most beneficial to them.

i) Starbucks’ financial statements follow the accrual accounting model rather than cash-basis accounting. Companies who utilize cash-basis accounting methods only recognize revenue when received in cash and expenses are only recognized when paid in cash. Accrual accounting is the recognition of revenue when earned and the matching of expenses when incurred. Starbucks records revenue from 4 different sources: Company-operated stores, licensed stores, CPG foodservice and other revenues, and stored value cards.

The act requires management to disclose all material information or changes within their accounting processes. By requiring senior management to review the reports they are held accountable for the financial accounting of the firm, and procedures to prevent employees and other members within an organization from committing fraud or theft and management is legally responsible if material misstatements have been made. By making management accountable then they are less likely to commit fraud if faced with jail time. Management and stockholders frequently have different goals. Management often wishes to expand and use the company’s assets in different ways than a stockholder. Management’s accountability of the financial reports often helps encourage management to use company assets in appropriate ways. Disclosures were also a reduction in risk of fraud because all material information must be disclosed. By requiring this disclosure if a company’s net income increased this year due to a

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit

NAB has expanded its range of credit cards with two new premium Signature cards – the NAB Qantas Rewards Signature Card and the NAB Rewards Signature Card – which are also the bank’s first black cards. RFi Group data shows 14% of credit card holders currently use a black card as their front-of-wallet card.

The succeeding content of this executive summary provides an analysis on Starbucks’ Corporation profit using the company’s most three most recent annual reports. Team B uses “the information contained in the company’s balance sheet and income statement noting that annual reporting period and fiscal year mean year-end numbers. Additionally, included is the company history, audit for the company, stock exchange listing, cash and cash equivalents at the end of its 2 most annual reporting periods. Moreover, total current assets, largest current assets, company’s total assets at the end of its 2 most recent annual reporting years. Furthermore, accounts payable,

Starbucks financial statements were analyzed for the fiscal year ended September 27, 2015. Like all public companies, annual and quarterly financial statements are required to allow regulators and other interested parties to analyze the financial status and management decision making of the company. This analysis focuses on the results of Starbucks most recent published annual report containing their balance sheets, statement of earnings and cash flows. These statements will be analyzed against the results of one of its competitors, Dunkin Donuts, to investigate how the two companies compare to each other. It was noted that Starbucks and Dunkin Donuts do not have corresponding fiscal year ends. The data therefore is not directly comparable since the reports do not reflect the same time period of data but should provide additional insight. The paper will attempt to provide a brief analysis of Starbucks operations in terms of its liquidity, leverage, activity, profitability and growth ratios used by analysts in the industry.

Southern Company is one of the largest producers of electricity in the United States and the largest wholesale provider in the Southeast. For decades, Southern Company has consistently met its energy, financial and customer satisfaction commitments.

After the accounting scandals that took place in 2001 and 2002, Congress passed the SOX which requires companies to be held more accountable for financial statement reporting. SOX was established as a corporate responsibility law, which applies to all companies who are registered with the SEC (Mundy & Owen, 2013, p. 183). Mundy and Owen explains that SOX’s intention is to enhance the quality of financial statement reporting among all companies, to help investors feel confident with their investments (p. 183). Additionally, Mundy and Owen note that SOX looks to increase the reliability and accuracy of financial statements by implementing regulations and requirements on internal controls over financial reporting (p.183).

Going Green Recycling Center Financial Overview Date: FY1 FY2 Ordinary Income Processing Tipping Fee $814,020.00 $826,230.30 Grants 0.00 0.00 Program Service Fees 254,048.00 257,849.00 Sales Revenue 689,384.00 720,669.00 Investment Income 0.00 0.00 Inventory 0.00 0.00 Other Sales 5,665.25 5,835.21 Total Income $1,763,117.25 $1,810,583.51 Cost of Goods Sold 65.94 67.92 Freight 0.00 0.00 Total Income and Goods Sold 65.94 67.92 Gross Profit $1,763,051.31 $1,810,515.58 Expenses Payroll 444,561.47

From Louis XIV, who chose to ignore the deficit on his balance book hundreds of years ago after his reliable accountant Jean-Baptiste Colbert died, to the Lehman Brothers, who collapsed in September 2008 for trading worthless mortgages and swaps, frauds and negligence in financial accountability seems never ending. Once constrained these unethical practices, a flourishing society and stable political status can be established, but rarely merchants and governments can completely and consistently achieve that. The Reckoning shows the significant role of accounting for a successful merchant and a favorable government. At the same time, reliable financial accountability can be conserved by “full cultural engagement” instead of an enforceable accounting

Mulberry was established in 1971 in Somerset by Roger Saul (Mulberry, 2015). It is recognised for its luxury leather products in the UK (Mulberry, 2015). The company’s products offer a variety of categories including leather accessories such as bags, which have accounted for 70% of its group revenue; small other leather goods, shoes, soft accessories and women’s ready-to-wear (Mulberry, 2015). It operates 124 stores in 24 countries across the world (Mulberry, 2015).

In this paper, I will talk about Starbucks Company. I will define the influence of the vision, and mission of the company and primary stakeholders along with their overall success. An examination will be conducted to categorize five forces of struggle and their effect on the corporation. I will carry out a SWOT analysis to determine the opportunities, threats, strengths, and weaknesses. Founded on the SWOT analysis, a technique of opportunities and advantages will be exploited while threats and weaknesses will be diminished. Several types and levels of techniques will be talked over to operate the profitability and competitiveness. I will outline a plan of communication to make approaches known to all investors. Two corporate authorities will be designated to assess the efficiency of the regulating managers. I will also assess the effectiveness of management within the Company and come up with sanctions for upgrading.

A financial analyst looking to investigate Starbucks’ statement in more detail, he or she would definitely have to keep an eye on the deferred income taxes, net and the shareholders’ equity section in the balance sheet. If the analyst wanted to investigate the income statement, one could suggest the net earnings and expenses as sections to study.

Based on the financial ratios given, this section will compare and contrast the financial strengths of Company X and Company Y in order to suggest Tringale Ltd to take decision regarding which of the above companies to chose for investment. This section provides comments on financial performance areas based on the data given, and presents report to the Board of Directors of Tringale Ltd by recommending which of the two investment opportunities is better.