Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

STARBUCKS SEC 10 K CAN SOMEONE HELP ME WITH THIS ? NO MISSING INFORMATION, NO COPY AND PASTE. Link Starbucks annual report for fiscal year

STARBUCKS SEC 10 K CAN SOMEONE HELP ME WITH THIS ? NO MISSING INFORMATION, NO COPY AND PASTE. Link Starbucks annual report for fiscal year ended September 27, 2020: https://www.sec.gov/ix?doc=/Archives/edgar/data/829224/000082922420000078/sbux-20200927.htm HELP 1: Financial Statements 1. What ethical and legal liability relating to accountants and auditors might relate to starbucks SEC 10-K company? 2. What trends in sales, cost of goods sold, and gross profit do you see? Create a small table for your records and refer to percentages in terms of year to year change for dollar values and the gross profit percentage. 3. Review net income and post comments using the techniques you used for gross profit. 4. International Issues: comment on foreign currency issues and the global picture for starbucks SEC 10-K company. HELP 2: Income Statement and Notes to the FS Read the Notes to the Financial Statements (FS) 1. Inventory comments: comment on inventory issues using the concepts of materiality and geographic location. 2. Inventory and Sales: comment on issues related to diversity in customer base and issues of internal control. 3. Accounts Receivable and Sales: comment on issues related to the selling and distribution system of starbucks

SEC 10-K company and issues of fraud as well as internal control. 4. Challenges and opportunities you see as you relate our auditing topics to your company. Details are high level in the SEC 10-K but organizations rely on Auditing concepts, as they prepare for the audits and as part of their internal control process. HELP 3: Management Discussion and Analysis 1. The management of risk and uncertainty is often included in the MD&A section comments. What do you learn of interest here? 2. Divisions and Product Lines may be discussed in the MD&A section. What audit and internal control issues may arise in these areas as you consider our chapters for the week. 3. Management often explains higher or lower than expected in their comments. Discuss the profitability and other comments in the MD&A section as they relate to our chapters thus on audit strategy, risk, internal control, materiality, and management. Link Starbucks annual report for fiscal year ended September 27, 2020: https://www.sec.gov/ix?doc=/Archives/edgar/data/829224/000082922420000078/sbux-20200927.htm

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

Understanding Financial Accounting

Authors: Christopher D. Burnley

2nd Canadian Edition

1119406927, 978-1119406921

More Books

Students also viewed these Accounting questions