Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As this question was flagged for not being complete before, I will bold the questions Identify the changes in accounting principles reported by Coca-Cola during

image text in transcribed

As this question was flagged for not being complete before, I will bold the questions

Identify the changes in accounting principles reported by Coca-Cola during the three years covered by its income statements between 2015 to 2017. Describe the nature of the change and the year of the change?

Identify the changes in accounting principles reported by PepsiCo during the three years covered by its income statements between 2015 to 2017. Describe the nature of the change and the year of the change?

What types of estimates did PepsiCo discuss in 2017?

Publicly traded corporations' financial statements can be accessed in a number of ways, but one certain way is to use the U.S. Securities and Exchange Commission (SEC). website. We will use this website to access a company's financial statements to examine the financial statements and footnotes for disclosures regarding accounting changes and estimates. INSTRUCTIONS The financial statements of Coca-Cola and PepsiCo are presented in your eText in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Use the companies' financial information to answer the following questions: 1. Identify the changes in accounting principles reported by Coca-Cola during the three years covered by its income statements (2015-2017). Describe the nature of the change and the year of change. 2. Identify the changes in accounting principles reported by PepsiCo during the three years covered by its income statements (2015-2017). Describe the nature of the change and the year of change. 3. What types of estimates did PepsiCo discuss in 2017? Publicly traded corporations' financial statements can be accessed in a number of ways, but one certain way is to use the U.S. Securities and Exchange Commission (SEC). website. We will use this website to access a company's financial statements to examine the financial statements and footnotes for disclosures regarding accounting changes and estimates. INSTRUCTIONS The financial statements of Coca-Cola and PepsiCo are presented in your eText in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Use the companies' financial information to answer the following questions: 1. Identify the changes in accounting principles reported by Coca-Cola during the three years covered by its income statements (2015-2017). Describe the nature of the change and the year of change. 2. Identify the changes in accounting principles reported by PepsiCo during the three years covered by its income statements (2015-2017). Describe the nature of the change and the year of change. 3. What types of estimates did PepsiCo discuss in 2017

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Richard Lewis, David Pendrill

5th Edition

0273622919, 978-0273622918

More Books

Students also viewed these Accounting questions