Rules of Financial Reporting
For this assignment, due in Module Eight, you will submit the Rules of Financial Reporting component
of your financial analysis (Critical Element IV).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.
With References
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.
With References
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