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Financial Reporting Process

In: Business and Management

Submitted By wndyoung
Words 1281
Pages 6
Financial Statement Development and Analysis

Part A

Three (3) of the financial disclosures that would provide evidence as to whether Coca-Cola is achieving its objective are:

Coca-Cola’s mission declares the company purpose and standards by which Coca-Cola will operate. Coca-Cola’s roadmap starts with a mission that is lasting. The basic tasks of Coca-Cola are: to refresh the word, to inspire moments of optimism and happiness and to create value and a make a difference. Maximizing shareholders value over time is Coca-Colas’ mission. In order to achieve this mission, Coca-Cola Company has to execute a business strategy driven by four key objectives: maximize its long-term cans flows and create economic value added by improving economic profit, and increase volume, expand the company share of worldwide nonalcoholic ready-to drink beverages sales.

The balance sheet is one of the major financial statements. It shows the company financial position at the end of any specified date. It is sometimes consider the snap shot of the company financial position at any point or time. The balance sheet allows anyone to see what the company owns as well as what it owes. When you are looking at the balance sheet it will cover the assets, liabilities and owner’s (Stockholders’) equity. Assets are things that are owned by the company. These are resources that will have future economic value that can be expressed and measured in dollars that has been acquired through transaction of cash paid in advance that have not expired, such as prepaid insurance, prepaid legal fees, prepaid rent and prepaid advertising. Liabilities are the company obligations. This is the amount that is owed to the creditors for past transactions and they are label payable on the account title. Owner’s (Stockholders’) equity is the owner’s...

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