PART A

Access the Procter & Gamble Company website and download: the annual report for 2020. Note: this file is available at:

https://assets.ctfassets.net/oggad6svuzkv/6QbpwzgFixJeAgimiiy9L4/77b265d2bef5420f73b846474e60ebd6/PG-2020-Annual-Report.pdf

Answer the following questions:

1)How does Procter & Gamble Company account for goodwill, other intangible assets? State the amounts of each intangible asset as it appears in the annual report for 2019 and 2020. Support your answer by writhing the page number(s) in annual report. (7 marks)

2)Did Procter & Gamble Company make any acquisitions during 2019? and how do these acquisitions affect the goodwill? Support your answer by writhing the page number(s) in annual report. (5 marks)

3)From the annual report for the fiscal year 2020:

Determine the total amount of non-controlling interest in 2020

State in which statement it is disclosed and in which section.

State the amount of controlling interest share and non-controlling interest share in Procter & Gamble Company's profit for 2020

State the amount of non-controlling interest share in Procter & Gamble Company's dividends for 2020.

Procter & Gamble company prepared its consolidated financial statements in accordance with Generally Accepted Accounting Principles ("GAAP") as mentioned in its annual report. Assuming that it was not mentioned in the annual report that the company is following GAAP, can you provide evidence from annual report (related to course subjects studied) that indicate that the company is following GAAP?