Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Overview 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

Overview

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 Comission (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

We will be reviewing the financial statements of Coca-Cola and PepsiCo. 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:

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.

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.

What types of estimates did PepsiCo discuss in 2017?

The financial statements can be found online. Please give an in depth answer to each of the three questions. THANK YOU!

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

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

18th Edition

0077486277, 978-0077486273

More Books

Students also viewed these Accounting questions