Question
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
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:
- 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?
- A 2 page Word Document
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