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