The Procter & Gamble Company
“On my honor, as a student, I have neither given nor received unauthorized aid on this academic work.”
_____________ _____________ _____________ _____________ Financial Reporting
Financial Reporting Problem
Fall 2011
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In order to evaluate your understanding of the use of accounting information, you are asked to analyze the 2007 financial statements of The Procter & Gamble Company (P&G). The financial statements of P&G are presented in Appendix 5B or can be accessed at the book’s companion website, http://bcs.wiley.com/he-bcs/Books?action=index&itemId=0470374942&bcsId=4881. Based on the information in the 2007 Annual Report, answer the following questions. For each question, note the page number(s) on which you found the information to answer the question. Your answers should be complete sentences. For the ratios, show and label (write the formula in words and numbers) all computations.
Each student, as a member of a group, is required to complete the Financial Reporting Problem. You may self-select your group for this assignment; groups may have no more than four (4) members. Each group will submit one project, but each group member is responsible for the quality of the work submitted. You may work only with your group members on this assignment. The use of projects from prior semesters or other sources and consultation with third parties, other than the instructor of this course, are not permitted.
The completed project is due at the beginning of class Friday, November 18, 2011. This assignment should be typed on plain 8.5”x11” paper with 1” margins, single-spaced in 12-point, Times New Roman font. Each group should submit the following:
• Cover page with the title Financial Reporting Problem: The Procter & Gamble Company, the group members’ names, course name, and semester as well as