USING YOUR JUDGMENT
FINANCIAL REPORTING
Financial Reporting Problem
The Procter & Gamble Company (P&G)
The financial statements of P&G are presented in Appendix 5B. The company's complete annual report, including the notes to the financial statements, can be accessed at the book's companion website, www.wiley.com/college/kieso.
Instructions
Refer to P&G's financial statements and the accompanying notes to answer the following questions.
(a) What investments does P&G report in 2011, and how are these investments accounted for in its financial statements?
(b) How are P&G's investments valued? How does P&G determine fair value?
(c) How does P&G use derivative financial instruments?
Comparative Analysis Case
The Coca-Cola Company and PepsiCo, Inc.
Instructions
Go to the book's companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc.
(a) Based on the information contained in these financial statements, determine each of the following for each company.
(1) Cash used in (for) investing activities during 2011 (from the statement of cash flows).
(2) Cash used for acquisitions and investments in unconsolidated affiliates (or principally bottling companies) during 2011.
(3) Total investment in unconsolidated affiliates (or investments and other assets) at the end of 2011.
(b) (1) Briefly identify from Coca-Cola's ...
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