the main accounting policies of KAL. Choose one interesting/doubtful accounting policy. Then, comment on the chosen accounting policy
I. Main accounting policies
We could find the main accounting policies of KAL by looking into its footnotes. We investigated its accounting policy for revenue recognition, allowance for doubtful debts, inventory valuation, and depreciation method.
1. Reve
separately
• Convenient stores : Café type convenient stores with café and fastfood integrated
2. Confusion of Identity due to the Complex Market Structure
1) ‘Business Identity’ has become vague due to the businesses’ diverse strategy for change which had lead to homogeneity between the businesses with no particular differences
• Exclusively choosing to co
the oldest forms of trade, means exchanging goods or services which are paid for, in whole or part, with other goods or services, rather than with money. In short, a goods-for-goods deal is counter trade. Unlike monetary trade, suppliers are required to take customer’s products fortheir use or for resale. In most cases, there are multiple deals that are separate yet related, and a contract lin
the largest and most successful air carriers in the United States. Originally founded as a crop dusting service in 1924, Delta was led for 40 years by an agricultural scientist and pilot named Collet Everman Woolman. Expansion through acquisition characterized the era that follot d. Then, in the 1990s Delta adopted an aggressive business strategy in d. r to retain market share in an gy in ingl
for each 1,000 won in assets. Return on assets measures a company’s earnings in relation to all of the resources it had at its disposal (the shareholders’ capital plus short and long-term borrowed funds). Thus, it is the most stringent and excessive test of return to shareholders. If a company has no debt, the return on assets and ROE figures will be the same. It is computed as “Net income+
the main reasons of the crisis. After the Enron scandal, Andersen lost its major clients and got accused by its negligence in auditing Enron.
1.4. Mid- and long-term impacts on American energy industry
After Enron crisis, financial institutions raised the rate of interest on loans for energy-related corporations. Traditionally, energy industry’s liabilities are larger than other industries’
fortheir shareowners.
(2) Pepsi Bottling Group (PBG)
The Pepsi Bottling Group, Inc. is the world’s largest manufacturer, seller and distributor of Pepsi-Cola beverages. PBG was incorporated in Delaware in January, 1999, as a wholly owned subsidiary of PepsiCo, (PepsiCo) Inc. to effect theseparation of most of PepsiCo’s company-owned bottling business. PBG manages and reports operat
The Coca-cola Company”
Worldwide scale
Bottling system
Bottling partners are local companies
Thinking and Acting locally
Performance of the Company
Balance Sheet (partial)
Cash and Equivalents 6,707 1,280 385
Total Current Assets 12,094 8,639 4,415
Total Non-Current Assets 19,233 19,348 14,250
Total Assets 31,327 27,987 18,666
Total Current Liabilities 10,971 6,7
for poorly performing businesses. On November 8, the company announced in a Securities and Exchange Commission (SEC) filing that it was restating its earnings since 1997 – reducing them by $586 million. On November 28, the major bond rating agencies downgraded Enron’s debt to below-investment-grade, or junk bond status. The company filed for Chapter 11 bankruptcy on December 2, 2001.
the annual reports, we hope to enhance our information searching skills. People only see what they know. We believe that by this process we will be able to read and understand annual reports of companies.
2. Motivations for Selection of Southwest and Jetblue
During class, the accounting item that made our group member was adjusting entries. In class, the professor kept mentioned air travel