Assignment 60 marks 20%

Founded in 1882, George Weston Limited (Weston) is a major Canadian public company, representing Canadas largest food and drug retail businesses through its control of Loblaw Companies Limited (Loblaw) and Loblaws recent acquisition of Shoppers Drug Mart. With over 2,300 stores the retail operations reach most Canadians serving their everyday food, health and wellness needs. Through Weston Foods, Weston is one of Canadas leading bakers, offering a wide selection of fresh and frozen products to the North American market. With over 200,000 employees, Weston is Canada's largest private sector employer.

As an accounting student using the financial statements included in the companys annual report (see link) provided as a practical example of the course content for the Advanced Accounting curriculum please identify an example from the financial statements provided which demonstrates your knowledge for:

Business combination

Consolidation of non wholly owned subsidiary

Consolidation subsequent to the original acquisition date

Intercompany transaction

Joint venture

Foreign Currency

Translation and consolidation of foreign operations

For each item identify a financial statement user to who the information is important for and the reason why.

2016 annual report can be found http://www.weston.ca/en/Financial-Reports.aspx

Assignment evaluation:

For EACH section identified

2 marks user identification and reason

6 marks description and explanation of example demonstrating knowledge of the topic

4 marks grammar, presentation

Total 60 marks