1) Explain how the conceptual framework and accounting standards apply to IKEA. 2) Analyze the information within...
Question:
1) Explain how the conceptual framework and accounting standards apply to IKEA.
2) Analyze the information within the disclosure statements for information that may be of interest to ikea's creditors.
i. What information would be important to someone in this role?
ii. Why would this information be important to them?
3) Analyze the information contained in the informative statements to obtain information that may be of interest to ikea investors.
i. What information would be important to someone in this role?
ii. Why would this information be important to them?
Ikea income statement | 2016 | 2015 | 2014 |
Income | 35,074 | 32,658 | 29,293 |
cost of goods sold | 18,918 | 18,221 | 16,372 |
Gross profit | 16,156 | 14,437 | 12,921 |
operating income | 4,499 | 4,049 | 3,743 |
Total financial income and expenses | 869 | 299 | 352 |
Earnings before minority interests and taxes | 5,368 | 4,348 | 4,145 |
Tax | 1,158 | 822 | 801 |
Earnings before minority interests | 4,210 | 3,526 | 3,344 |
minority interest | 10 | 14 | 15 |
Net Income | 4200 | 3,512 | 3,329 |
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus