Accounting: Rules of Financial Reporting
: This assignment will be the Rules of Financial Reporting component of a financial analysis (for which you have been assisting me with). In this milestone, you will consider the following governmental and GAAP reporting requirements for what is mandated that Starbucks include in its financial statements: Why is the reporting of control procedures required, and what information is disclosed about Starbucks� control procedures? Why is the reporting of segment information required, and what information is disclosed about Starbucks� segment information? Why is the reporting of estimates and assumptions required, and what information is disclosed about Starbucks� reporting of estimates and assumptions? Why is the reporting of investments and fair value required, and what information is disclosed about Starbucks� investments and fair value reporting? And last: Why is the reporting of leases required, and what information is disclosed about Starbucks� lease structure? Justify your response to each question. Specifically, the following critical elements must be addressed: A. Why is the reporting of control procedures required, and what information is disclosed about Starbucks� control procedures? Justify your response. B. Why is the reporting of segment information required, and what information is disclosed about Starbucks� segment information? Justify your response. C. Why is the reporting of estimates and assumptions required, and what information is disclosed about Starbucks� reporting of estimates and assumptions? Justify your response. D. Why is the reporting of investments and fair value required, and what information is disclosed about Starbucks� investments and fair value reporting? Justify your response. E. Why is the reporting of leases required, and what information is disclosed about Starbucks� lease structure? Justify your response. Formatting requirements: (2) Pages with (1) One Excel Spreadsheet � (3) Pages total Prompt on creating this paper: You are an analyst for Coffee Connection, a coffee shop located in the Midwest. You have been marginally successful as a company. You are now tasked with analyzing the competition and developing benchmarks for the purpose of both improving profitability and expanding operations. You have identified Starbucks as your most similar competitor. Your job now is to use multiple tools to analyze Starbucks� performance and offer well-researched observations concerning the success and challenges faced by Starbucks. An Excel spreadsheet with all calculations.
3 pages/825 words MLA 2 sources due in 24 hours
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