Accounting 100
June 11, 2012
In this paper we chose to poll the financial records of the company PepsiCo, Inc., most famous for producing Pepsi Cola. We will set and explain the main sections of the annual musical composition. We will also wrangle the key factors that influenced the companys financial performance during the social class and the primary assets held by the company. Finally we will explain how concern characterizes the internal control environment of the company.
PepsiCo was founded in 1965 after the spinal fusion of Pepsi Cola and Frito-Lay, two companies that were very successful for decades. Pepsi Cola had been in stemma since 1898 while Frito-Lay introduced its corn chip in 1932. The crude company reported sales of $510 million and had 19,000 employees in its premiere year. Today, PepsiCo is responsible for several well known products such as; Pepsi cola, Frito Lay Chips, Tropicana juices, Lipton Teas and Quaker products to name a few. (PepsiCo Inc, 2012)
The PepsiCo financial report employ in this report was compiled by Mergent Online Database. (Mergent Online, 2012) The report is dispirited down into four major section; the annual dimension sheet, the annual income parameter, the annual carry earnings and the annual property flow sections.
The balance sheet according to our text, reports the assets, liabilities, and the owners equity at a proper(postnominal) date. The annual income statement presents the revenues and expenses and resulting net income or net loss for a specific period of time. (Weygandt/Kimmel/Kieso, 2011, p. 20)
According to Wall Street Words, an annual retained earnings is the accumulated net income that has been retained for reinvestment in the business rather than being paid out in dividends to stockholders. elucidate income that is retained in the business can be used to acquire additional income-earning assets that result in increased income in future years (Scott, 2003) The annual cash flow or the statement of cash...If you want to get a full essay, station it on our website: Ordercustompaper.com
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