ACC 620 Milestone One: Kroger Company

Complete Critical Elements I and II

1. Stockholder's Equity

A. Determine how your company got its initial financial start in terms of debt (liabilities) or equity (capital). Support your response.

B. Analyze the equity section of your company's balance sheetas compared to your company's industry average. Rate the company's performance against its competitors.

C. Review your company's dividend policy and its history. Based on the information, discuss the trends over the past year.

2. Income Measurement/ Revenue Recognition

A.. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board IASB) came together on a unified project to outline the accounting principles for recognizing revenue and to develop a common revenue standard for U>S> GAAP and IFRS. Research IAS-18, Revenue, and discuss how it would apply to your company.

B. Review your company's revenue over the past two years. Analyze the change in revenue (increase/decrease) andgive the reasons for this change.

accounts listed. How does your company handle the proper accounting treatment with regard to recognzing revenue from unearned revenue accounts?

C. Reflecting upon your company's balance sheet, identify the unearned revenue accounts listed. How does your company handle the proper accounting treatment with regard to recognizing revenue from unearned revenu accounts?