Question: The controller was extremely impressed with your proficiency with the financials and sent your work over to the chief financial officer (CFO). Because of your

The controller was extremely impressed with your proficiency with the financials and sent your work over to the chief financial officer (CFO). Because of your attention to detail and understanding of the Generally Accepted Accounting Principles (GAAP), the CFO asks you to review the following areas of Coca-Co: including examples.

D - Disclosure Analysis

D1. Deferred taxes
D2. Leases
D3. Share-based compensation
D4. Dilutive securities
D5. Revenue recognition

Also, assistance is needed with the note disclosures related to

Deferred taxes
Leases
Share-based compensation
Dilutive securities
Revenue recognition

Assistance with the following for the organization:

Please explain the disclosures regarding deferred taxes, leases, share-based compensation, dilutive securities, and revenue recognition, and explanation of the notes to the financial statements for each with a summary of the accounting policies used.
The Financial Accounting Standards Board (FASB) issued a new revenue recognition and lease standard.
After reviewing Coca-Cola disclosures regarding revenue recognition and leases. Explanation of the impact of the updated revenue recognition and lease standard on the entity.

Based on the research, 2 credible sources are needed to support the analysis

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Assignment Details The controller was extremely impressed in your proficiency with the financials and sent your work over to the chief financial officer (CFO). Because of your attention to detail and...

The controller was extremely impressed in your proficiency with the financials and sent your work over to the chief financial officer (CFO). Because of your attention to detail and understanding of...

of your course project, you will be adding the disclosure analysis to the strategic accounting analysis. For Coca-Cola Company The controller was extremely impressed in your proficiency with the...

In this 3 rd week of your course project, you will be adding the disclosure analysis to the strategic accounting analysis.The controller was extremely impressed in your proficiency with the...

In this 3rd week of your course project, you will be adding the disclosure analysis to the strategic accounting analysis. The controller was extremely impressed in your proficiency with the...

From the following list of accounts from the adjusted trial balance, identify each as an asset, liability, stockholders equity, revenue, or expense. Use the most detailed account type appropriate....

If you owned a property that you expect will require a new $2,500 roof at the end of five years from today, how much would you set aside in equal installments from income each year to be assured of...

Five shareholders each contribute $ 1 0 , 0 0 0 in exchange for a 2 0 % interest in FIU Corporation. Fifteen years later, FIU Corp. enters into a plan of complete liquidation. Under the plan, FIU...

Ethan Manufacturing Incorporated produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating maintenance costs. Together, you and Joseph determine that the...