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Accounting Essay

  • Submitted by: bisenhart
  • on April 10, 2015
  • Category: Shakespeare
  • Length: 4,985 words

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Below is an essay on "Accounting" from Anti Essays, your source for research papers, essays, and term paper examples.

ACTG 4610

Annual Report Project

Whole Foods Market, Inc. vs. Safeway Inc.

Part I



[pic]



The Executive Chefs

Valerie Baum, Ryan Hulme, Eric Kessler, Dan Munier


TABLE OF CONTENTS

1. INTRODUCTION 2
  1.1 Overview of Subject Company: Whole Foods Market, Inc. 2
  1.2 Overview of Competitor Company: Safeway Inc. 2
2. BALANCE SHEET OVERVIEW 2
  2.1 Summary of Significant Accounting Policies 3
  2.2 Review of Total Assets 3
  2.3 Review of Current Assets 3
  2.3.1 Note about Inventories 4
  2.3.2 Note about Investments 4
  2.4 Review of Long Term Assets 4
  2.4.1 Note about Goodwill and Intangible Assets 5
  2.5 Review of Total Liabilities 5
  2.6 Review of Current Liabilities 5
  2.6.1 Note about Deferred Income Taxes 5
  2.7 Review of Non-Current Liabilities 6
  2.8 Review of Equity Assets 6
  2.8.1 Note about Accumulated Other Comprehensive Income 6
3. INCOME STATEMENT OVERVIEW 7
  3.1 Revenues 7
  3.1.1 Sales 7
  3.1.2 Other Income 7
  3.2 Expenses 7
  3.2.1 COGS Analysis 8
  3.2.2 Other Expenses at Whole Foods 8
  3.2.3 Depreciation Method 8
  3.3 Gains/Losses 9
  3.4 Comparison of Margins 9
  3.5 Discontinued Operations and Other Changes 9
4. CASH FLOW STATEMENT OVERVIEW 9
  4.1 Review of Operating Cash Flow 10
  4.1.1 Direct Cash Flow for Operating Activities 10
  4.2 Review of Investment Cash Flow 11
  4.3 Review of Financing Cash Flow 11
  4.4 Major Sources of Net Cash Flow 11
  4.5 Free Cash Flow 11
  4.6 Net Income and Net Operating Cash Flow 11
5. AUDIT AND MANAGEMENT’S REPORT OVERVIEW 12
  5.1 Auditor and Relationship to Company 12
  5.2 Audit Opinion 12
  5.2.1 Audit Opinion of Internal Controls 12
  5.3 Auditors Notation of New Accounting Procedures 12
  5.4 Management’s Report 12
6. REVENUE RECOGNITION AND RECEIVABLES VALUATION 12
  6.1 Types of Revenue Transactions 12
  6.2 Revenue Recognition Methods 13
  6.3 Practices of Expense Matching and Accruals 13
  6.4...

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Accounting. Anti Essays. Retrieved April 26, 2019, from the World Wide Web: https://www.antiessays.com/free-essays/Accounting-726130.html