Project Analysis For Pepsi

Verify the following questions?

1. What accounting standards are used, U.S. GAAP, IFRS, or other?

The standard used by Pepsi is the U.S. GAAP?

2. What is the date of the most recent fiscal year-end for Pepsi? The date of the most recent fiscal year-end is December 29, 2019?
3. Determine the relative proportion of short-term and long-term assets.

The relative proportion of S/T to L/T assets in 2019 was %?; the relative proportion of liabilities to equity in 2018 was %.? The high amount of debt is not good, especially since the returns are not there?

4. Determine the relative proportion of liabilities and equity for Pepsi

The relative proportion of liabilities to equity in 2019 was %?; the relative proportion of liabilities to equity in 2018 was %?

5. Find the companies audit reports. Who are the auditors? Are any concerns raised in the reports?

XXXX has served as Pepsi auditor since? The audits were conducted in accordance with the standards of the PCAOB? The critical audit matters communicated were as?

6. Do the audit reports differ significantly from the one for Under Armour in this module? Under Armour has also been audited by PricewaterhouseCoopers (since 2018); therefore, the structure of the report is similar to that of Pepsi. Additionally, the critical audit matters revolve around management judgment leading to auditor judgement. However, the specific critical audit matters differ for Under Armour as compared to that of Pepsi. The critical audit matters for Under Armour are as follows?

• Goodwill Impairment Assessment Latin America Reporting Unit significant judgment by management when developing the fair value measurement of the reporting unit?
• Reserve for Customer Returns significant judgment by management in estimating the customer returns service?