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?

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Related Book For  book-img-for-question

Fundamental Managerial Accounting Concepts

ISBN: 978-1259569197

8th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds

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