Question
Go to EDGAR (Links to an external site.) and download the Starbucks financial statements for fiscal year 2017 (year ended September 29, 2017). Then, answer
Go to EDGAR (Links to an external site.) and download the Starbucks financial statements for fiscal year 2017 (year ended September 29, 2017).
Then, answer the following questions with at least a few sentences each:
- How does Starbucks make money? Whats the industry and nature of the business? Apply Porter's five forces framework to the specialty coffee retail industry.
- Does Starbucks report consolidated financial statements? What does this mean?
- How often are financial statements prepared by publicly traded companies for external reporting purposes?
- Who are the potential users of the Starbucks financial statements? What are they looking for? Who is responsible for the Starbucks financial statements?
- What company audited Starbucks that year? What was their opinion and, in your words, what does it mean? Why are there two opinion letters, and why are the dates after the Starbucks year-end date?
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
