Caribou Coffee vs Fazer Group
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Introduction
The Caribou Coffee Company is a company based out of Minneapolis, MN with almost 500 Company-owned locations. With locations in 16 US states and the District of Columbia, as well as in several countries outside the United States. The company policy stats, does not discriminate based on race, creed, color, religion or sexual orientation. Our benefits package includes domestic partner benefits for those employees who work more than 20 hours per week.
The Fazer Group is a company most known for its chocolates but has many “taste sensations”. The company says its vision is to be the leading food and service company on defined markets. They want to grow in all its businesses building on its brands. They also want to be the most attractive employer in the branch and the first choice for its stakeholders.
Discussion (Caribou Coffee Company)
As of June 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2011-06, Comprehensive Income (Topic 820). This accounting standard update eliminates the option to present components of other comprehensive income as part of the statement of equity and requires the total of comprehensive income, the components of net income, and the components of other comprehensive income be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. It also requires presentation on the face of the financial statements of reclassification adjustments for items that are reclassified from other comprehensive income to net income in the statements where the components of net income and the components of other comprehensive income are presented. This accounting standard update became effective beginning in our first quarter of fiscal 2012. In December 2011, the FASB issued ASU No. 2011-12 which indefinitely defers the guidance related to the presentation of reclassification adjustments only. The adoption of this
Introduction
The Caribou Coffee Company is a company based out of Minneapolis, MN with almost 500 Company-owned locations. With locations in 16 US states and the District of Columbia, as well as in several countries outside the United States. The company policy stats, does not discriminate based on race, creed, color, religion or sexual orientation. Our benefits package includes domestic partner benefits for those employees who work more than 20 hours per week.
The Fazer Group is a company most known for its chocolates but has many “taste sensations”. The company says its vision is to be the leading food and service company on defined markets. They want to grow in all its businesses building on its brands. They also want to be the most attractive employer in the branch and the first choice for its stakeholders.
Discussion (Caribou Coffee Company)
As of June 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2011-06, Comprehensive Income (Topic 820). This accounting standard update eliminates the option to present components of other comprehensive income as part of the statement of equity and requires the total of comprehensive income, the components of net income, and the components of other comprehensive income be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. It also requires presentation on the face of the financial statements of reclassification adjustments for items that are reclassified from other comprehensive income to net income in the statements where the components of net income and the components of other comprehensive income are presented. This accounting standard update became effective beginning in our first quarter of fiscal 2012. In December 2011, the FASB issued ASU No. 2011-12 which indefinitely defers the guidance related to the presentation of reclassification adjustments only. The adoption of this
References: http://www.cariboucoffee.com/ http://www.fazer.com/