Question

Write a two page essay explaining how Starbucks Financial Statements can help you enhance your understanding of accounting and how it enhance your ability to connect abstract financial accounting information to concrete observation.

Write a two page essay explaining how Starbucks Financial Statements can help you enhance your understanding of accounting and how it enhance your ability to connect abstract financial accounting information to concrete observation.

Answer 1

and sclailer of specially Staq bucks is the premier locales, m retailer of the world, sprecally Coffee in operating in to markets, Në financial Slölements of Starbucks dois We can bendessland about accounting as follows - #) Fiscal year of Starbucks - October 1st-sep 2015 a) Annual Report - Form 10-k shows Consolidalêd financial report of Starbucks will ils subsidiaries. 3) Revenue Components of Starbucks - Americas - 68% Cap-China Asia Pacific. - 181. EMEA - Europe Middle East Asia -44. Channel Development - 9%. Corporate And Olheł - 1% 4) List of statements in Annual reports (a) Company Operated store dată. Shows data of a No. of stores opened in current fiscal year. No. of Stores closed in current fiscal year 1 Scanned with CamScanner

n licensed Slori dala o Skubucke Corporation Consolidaled statement of Comprehensive to come d) Consolidated Balance Sheets e Consolidated statement of cash flows & Consolidated statements of Equity 5. Starbucks follows Indiacet incethod to prepare Cash-flow stalement. Balance sheels Presentation ein The Repoot form whicle presents' assets above , liabilities and slock holders' equiley below 7. Stalement of Equity presents the clata of Net Carnings, čash dividlands, Sale of Common Stock and Net dislžibutions to non-controlling interests. - 8. prepared with Financial statements are accordance with US GAAP q Inventories are Staled at the lowes of cost i.e., primarily moving average CS Scalceostevitor net scalizable value. CamScanner

10. Depaeciation is compuleid tusing straight line method. Onu Recognised al- Company - Operated clore revenues Licensed Store revenues other revenues. 12. Income taxes compuled on the Asset and Liabililej motried : 13. Earnings per Share is compuled based on the Weighted average number of Shares of common stock outstanding during the period. Scanned with CamScanner