The following information was taken from GoPro, Inc.'s SEC filings: Fiscal Year Ended December 31, 2014 December
Question:
The following information was taken from GoPro, Inc.'s SEC filings:
Fiscal Year Ended
December 31, 2014 December 31, 2013
Number of employees......................................970................................757
Revenues (in thousands)..............................$1,394,205.........................$985,737
Properties (all leased)..................200,000 square feet..............200,000 square feet
Total assets (in thousands).........................$917,691..........................$439,671
Units shipped (in thousands)...........................5,180..............................3,849
Net earnings (in thousands)........................$128,088...........................$60,578
Required
a. Explain whether each line of information in the table above would best be described as being primarily financial accounting or managerial accounting in nature.
b. Provide some additional examples of managerial and financial accounting information that could apply to GoPro.
c. If you analyze only the data you identified as financial in nature, does it appear that GoPro's 2014 fiscal year was better or worse than its 2013 fiscal year? Explain.
d. If you analyze only the data you identified as managerial in nature, does it appear that GoPro's
2014 fiscal year was better or worse than its 2013 fiscal year? Explain.
e. Did GoPro appear to be using its facilities more efficiently or less efficiently in 2014 than in 2013?
Step by Step Answer:
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds