Starbucks Accounting

Answers:

Q1 a) Four Financial Statements

Balance, Income, Statement of equity, Statement of cash flows. Statements used by Starbucks in the given case: Consolidated Balance sheet, Consolidated Income Statement, Consolidated statement of cash flows, Consolidated statement of equity.

b) Consolidated in terms of the given case stands for Financial positions and operating results of Starbucks including US and International wholly owned subsidiaries and investees controlled by Starbucks.

c) Companies in the USA such as Starbucks typically prepare statements QUARTERLY per year for external reporting. Companies in Hong Kong such as Hutchison Whampoa prepares financial statements two times per year.

d) Three segments : US, International, and Global consumer products group and Other

Global Consumer Products Group: sells selection of whole bean and ground coffee etc

Ratio of revenues to total assets in 2010:

Highest ratio : GCPG : 13.08

b) Consolidated in terms of the given case stands for Financial positions and operating results of Starbucks including US and International wholly owned subsidiaries and investees controlled by Starbucks.

Q1 a) Four Financial Statements

Balance, Income, Statement of equity, Statement of cash flows. Statements used by Starbucks in the given case: Consolidated Balance sheet, Consolidated Income Statement, Consolidated statement of cash flows, Consolidated statement of equity.

b) Consolidated in terms of the given case stands for Financial positions and operating results of Starbucks including US and International wholly owned subsidiaries and investees controlled by Starbucks.

c) Companies in the USA such as Starbucks typically prepare statements QUARTERLY per year for external reporting. Companies in Hong Kong such as Hutchison Whampoa prepares financial statements two times per year.