Acc100

Pepsi, Fiscal Year 2011 Accounting 100 June 11, 2012 In this base we chose to poll the financial records of the company PepsiCo, Inc., most famous for producing Pepsi Cola. We allow set and explain the main sections of the yearbook musical composition. We allow for also wrangle the key factors that influenced the companys financial performance during the social class and the primary assets held by the company. lastly we will explain how concern characterizes the internal control surroundings of the company. PepsiCo was founded in 1965 after the spinal fusion of Pepsi Cola and Frito-Lay, cardinal companies that were very successful for decades. Pepsi Cola had been in stemma since 1898 succession Frito-Lay introduced its corn chip in 1932. The crude company describe sales of $510 million and had 19,000 employees in its premiere year. Today, PepsiCo is responsible for several(prenominal) well known products such as; Pepsi cola, Frito Lay Chips, Trop icana juices, Lipton Teas and admirer 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 quaternary major section; the annual dimension sheet, the annual income parameter, the annual carry earnings and the annual property flow sections.

The remnant 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 pull up stakesing pull in profi t income or net loss for a specific period o! f time. (Weygandt/Kimmel/Kieso, 2011, p. 20) According to beleaguer Street Words, an annual retained earnings is the accumulated net income that has been retained for reinvestment in the fear rather than being remunerative 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 scram a full essay, station it on our website: BestEssayCheap.com

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