Module 3 – Case
Income Statement
Case Assignment
Use the same annual statements for Starbucks as for the prior module. The Starbucks income statements should be used for the first two questions. Do additional research as necessary for the last question.
Locate the income statement for the past two years. Prepare a table in good format comparing at least ten revenue and expense items for the two years. Did the numbers increase or decrease? What can we learn from this information?
Comment on the changes from one year to another. Is the company doing better or worse? Did revenues and expenses increase or decrease? Are revenues and expenses moving in the same direction?
Investors emphasize earnings per share. Why is this number so important and what are some of the shortcomings of this number?
Assignment Expectations
Incorporate responses to the questions above in an organized format. Start with an introduction and end with a conclusion/summary. Use headings and subheadings to organize the essay. Do not forget to include references in APA format. Incorporate the required table into the Word document. Do not submit a separate spreadsheet. The suggested length is five to seven pages, including the table.
Module 3 – Background
Income Statement
Required Background Material
Let us first view a short video about a simple income statement.
Wall Street Survivor. (2012, Nov. 30). Introduction to Income. [Video File]. Retrieved from
Next, view the video below and read a succinct explanation for an introduction to the income statement.
The Motley Fool. (n.d.). Income Statement. Retrieved from http://wiki.fool.com/Income_statement
It is now time for a somewhat more comprehensive overview of an income statement. At this time it is sufficient to review the section about the income statement.
Baruch Collegeâ€s Guide to Financial Statements. [Interactive Presentation]. (2008). Retrieved from http://www.baruch.cuny.edu/tutorials/statements/vi…
The Securities and Exchange Commission (SEC) also has an excellent guide to financial statements on its website.
SEC. Beginners†Guide to Financial Statements. (n.d.) Retrieved from http://www.sec.gov/investor/pubs/begfinstmtguide.h…
Suggested Resources
Accounting Coach. (n.d.). Dictionary of Accounting Terms. Retrieved from http://www.accountingcoach.com/terms
Walther, L. M. (2015). Principles of accounting: A complete online text. Retrieved from http://www.principlesofaccounting.com/ . Note that there are also many useful videos associated with Dr. Walther’s textbook.
Module 4 – Case
Accounting Standards and Financial Statement Analysis
Case Assignment
It is not always easy to read and understand financial statements. Format and standards are important for comparisons across companies and over time. It is now time to look closer at the agencies creating and enforcing the standards.
Search the course background information, the Internet and/or the Cyber Library in addition to the Starbucks annual reports. Discuss the terms listed below. Explain why the following concepts/ governing agencies are important to financial statements in general and to Starbucks.
Financial Accounting Standards Board (FASB)
Generally Accepted Accounting Principles (US GAAP)
American Institute of Certified Public Accountants (AICPA)
International Accounting Standards Board (IASB)
International Financial Reporting Standards (IFRS)
Securities and Exchange Commission (SEC)
Public Company Accounting Oversight Board (PCAOB)
Annual report; and
10-K, 10-Q, and 8-K
What accounting standards are followed by Starbucks?
Which public accounting firm audits Starbucks?
What is the purpose of an external audit?
Assignment Expectations
Incorporate responses to the questions above in an organized format. Start with an introduction and end with a conclusion/summary. Use headings and subheadings to organize the essay. Do not forget to include references in APA format. The suggested length is five to seven pages.
Module 4 – Background
Accounting Standards and Financial Statement Analysis
Required Background Materials
Financial Reporting
Regulating Accounting. (2014). Pearson Learning Solutions, New York, NY.
The following articles will shed more light on the regulation of financial reporting.
About.com. (2014). IFRS and FASB – What are Financial Reporting Standards?
The Accounting Standards and Standard Setting Bodies. Retrieved from http://bizfinance.about.com/od/accountingandcash/a…
Diffen. Compare Anything. (n.d.). GAAP versus IFRS Retrieved from http://www.diffen.com/difference/GAAP_vs_IFRS
Sarbanes Oxley 101. (n.d.). Retrieved from http://www.sarbanes-oxley-101.com/sarbanes-oxley-c…
Seay, S. S. (2014). The economic impact of IFRS – A financial analysis perspective. Academy of Accounting and Financial Studies Journal, 18(2), 119-139. (Trident library).
Ratio Analysis
Ratios
Letâ€s start with a brief introduction to ratios.
Accounting Ratios. (2014). Pearson Learning Solutions, New York, NY.
Analyzing Financial Statements Using Ratios
Analyzing Financial Statements Using Ratios. (2014). Pearson Learning Solutions, New York, NY.
Read the section “Tools for Financial Statement analysis†and watch related videos on the same page at the below site.
Walther, L. (2015). http://www.principlesofaccounting.com/chapter-16/. Chapter 16. Retrieved from http://www.principlesofaccounting.com/youtube_play…
Suggested Resources
Accounting Coach. (n.d.). Dictionary of Accounting Terms. Retrieved from http://www.accountingcoach.com/terms
Walther, L. M. (2015). Principles of accounting: A complete online text. Retrieved from http://www.principlesofaccounting.com/ . Note that there are also many useful videos associated with Dr. Walther’s textbook.
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount! Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
The post module-3-and-module-4-case-study appeared first on Essay Fount.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
