Annual Report Analysis
Annual Report Analysis on Coca Cola
Week 6 Project
Intermediate Accounting
By: Reco Crayton
Table of Contents:
Page 1: Title Page
Page 2: Table of Contents
Page 3: Introduction to the Coca Cola Auditors Errors and Irregularities
Page 4: Trend in assets and liabilities Largest Assets
Page 5: Three largest liabilities Stock Multi-Step Discontinued or Extraordinary Items
Page 6: Net income Comprehensive income Indirect method Trend in cash
Page 7: Investing activities Conclusion
Page 8: References
Introduction
The company I chose to perform my annual report analysis on was The Coca Cola Company. I chose this company because they are a well-established company that would give me a good idea of what a large company’s annual report might look like. Coca-Cola is the world’s largest retailer of non-alcoholic beverages. The company sells products in over 200 countries around the world and owns over 500 brands worldwide (“Coca-Cola” which is deemed the world’s most valuable brand). They also sell concentrates and syrups marketed to wholesalers, retailers and distributors. The Coca-Cola headquarters are located in Atlanta, Georgia on a 35-acre commercial property. The company has an 870,000 square foot complex adjacent to another 264,000 square foot plaza. The physical address is 10 Glenlake Parkway, Atlanta, Georgia. The fiscal year for 2013 ended on December 31, 2013. In 2013, The Chief Executive Officer was Muhtar Kent, he joined the company in 1978 and was elected the CEO and director of the company in December 2006. The Coca-Cola Company’s main area of operation is North America. Although it is sold in nearly all countries, North America accounted for 54% of its capital expenditures.
1. Who are the firm’s auditors? Do they provide a clean opinion on the financial statements?
Coca Cola was audited by Ernst & Young, LLC. Ernst & Young, LLC. ARE independent auditors that were used to evaluate consolidated balance
Week 6 Project
Intermediate Accounting
By: Reco Crayton
Table of Contents:
Page 1: Title Page
Page 2: Table of Contents
Page 3: Introduction to the Coca Cola Auditors Errors and Irregularities
Page 4: Trend in assets and liabilities Largest Assets
Page 5: Three largest liabilities Stock Multi-Step Discontinued or Extraordinary Items
Page 6: Net income Comprehensive income Indirect method Trend in cash
Page 7: Investing activities Conclusion
Page 8: References
Introduction
The company I chose to perform my annual report analysis on was The Coca Cola Company. I chose this company because they are a well-established company that would give me a good idea of what a large company’s annual report might look like. Coca-Cola is the world’s largest retailer of non-alcoholic beverages. The company sells products in over 200 countries around the world and owns over 500 brands worldwide (“Coca-Cola” which is deemed the world’s most valuable brand). They also sell concentrates and syrups marketed to wholesalers, retailers and distributors. The Coca-Cola headquarters are located in Atlanta, Georgia on a 35-acre commercial property. The company has an 870,000 square foot complex adjacent to another 264,000 square foot plaza. The physical address is 10 Glenlake Parkway, Atlanta, Georgia. The fiscal year for 2013 ended on December 31, 2013. In 2013, The Chief Executive Officer was Muhtar Kent, he joined the company in 1978 and was elected the CEO and director of the company in December 2006. The Coca-Cola Company’s main area of operation is North America. Although it is sold in nearly all countries, North America accounted for 54% of its capital expenditures.
1. Who are the firm’s auditors? Do they provide a clean opinion on the financial statements?
Coca Cola was audited by Ernst & Young, LLC. Ernst & Young, LLC. ARE independent auditors that were used to evaluate consolidated balance