Provide a brief introduction to the company and include a link to the companys website.
Distinguish between an expense (expired cost) and an asset.
Distinguish between current and long-term assets.
Distinguish between current and long-term liabilities.
Review Starbucks balance sheet and provide two examples of each of the above categories.
Discuss retained earnings and how income or loss and dividends affect this account. Review Starbuckss retained earnings account and explain how it changed during the past two years.
How much debt does Starbucks have? Is the amount of debt high? How do we know if it is considered high?
What is the difference between an annual report and a 10-k Incorporate responses to the questions above in an organized format. Start with an introduction and end with a conclusion/summary. Use headings and subheadings to organize the essay. Do not forget to include references in APA format. The suggested length is five to six pages.
Use the sources below as well, plus two or more sources from academic journals: AccountingWITT. (2011, Oct. 1). Financial Statements An Introduction. [Video file]. Retrieved from https://www.youtube.com/watch?v=dqOCRIcapoI&list=PLBvbcPpX_6wSF3UQwLxdRNJeK4cSGWkx8&index=21 AccountingWITT. (2011, Oct. 20). Financial Statements Interconnectivity. [Video file]. Retrieved from https://www.youtube.com/watch?v=9OX3Cnd35LE&index=26&list=PLBvbcPpX_6wSF3UQwLxdRNJeK4cSGWkx8 Next, view the video below and read a succinct explanation for an introduction to the balance sheet.
The Motley Fool. (n.d.). Balance Sheet. Retrieved from https://wiki.fool.com/Balance_sheet
Cliqvid. (2013, Feb.13). What is a Balance Sheet? [Video File]. Retrieved from https://www.youtube.com/watch?v=ixCPM5HznRU It is now time for a somewhat more comprehensive overview of a balance sheet. At this time it is sufficient to review the section on the balance sheet.
Baruch Colleges Guide to Financial Statements. [Interactive Presentation]. (2008). Retrieved from https://www.baruch.cuny.edu/tutorials/statements/view_tutorial.html The Securities and Exchange Commission (SEC) also has an excellent guide to financial statements on its website.
SEC. Beginners Guide to Financial Statements. (n.d.) Retrieved from https://www.sec.gov/investor/pubs/begfinstmtguide.htm