Accounting

 

I would like you to visit the STARBUCKS (www.starbucks.com) website to find the annual report of the company, and locate the following titles and do what instructions provided for each title.

1- NOTES TO FINANCIAL STATEMENTS: Read all the notes, and write down the title and sub-titles of each note and a brief explanation (15 words or less for each note) of the key information contained therein. Do not include any dollar amounts that many of the notes contain. The first note is very lengthy, and you are to list each sub-title only.

2- MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS: Locate the pages in your Annual Report containing this section. Read this section thoroughly. Using a word processor, prepare a double-spaced two-page (approximately) summary of the key items covered by Management in the various sections of their discussion (items covered should include both financial and operations matters).

3- REPORT(S) OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM: Write a paragraph (40 to 60 words) summarizing the key elements of the report of the independent accountants. In addition, write the following questions and your answers regarding the “REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM”:

a- Who Are The Auditors and Where Was The Report Issued?
b- Who Is The Report Addressed To and What Is The Date of The Report?
c- What Financial Periods Does The Audit Report Cover?
d- Do the auditors express a qualified or unqualified opinion on the financial statements?

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