Comparative Analysis Case
The Coca-Cola Company versus PepsiCo, Inc.
Go to KWW website and use information found there to answer the following questions related to The Coca-Cola versus PepsiCo, Inc.
a) (1) What specific items does Coca-Cola discuss in its Note 1-Accounting Polices?
(Prepare a list of the headings only)
(2) What specific items does PepsiCo discuss in its Note 2- Our Summary of significant Accounting Policies? (Prepare a list of the headings only.)
b) For what lines of business or segments do Coca-Cola and PepsiCo present segmented information?
c) Note and comment on the similarities and differences between the auditor's reports submitted by the independent auditors of Coca-Cola and PepsiCo for the year 2004.
(a) (1) Coca-Cola commented on the following list of items in its note on accounting policies:
Organization/basis of presentation
Recoverability of investments
Issuances of stock by equity investees
Net income per share
Property, plant, and equipment
Trademarks and other intangible assets
Use of estimates
New accounting standards
(2) PepsiCo ...
The solution examines accounting policies for a comparative analysis case.