Part 1

1. Access the latest year's annual report on form 10-K of Pepsico, The Coca-Cola Company, and The Proctor and Gamble Company, three publicly traded companies.

2. Identify two financial accounting standard notations. For each company: Who are the primary parties involved in the disclosure of the financial statements to the public? What is the role of each of the primary parties?

3. Review the principle financial statements of each organization. What are the objectives of financial reporting? What are the two components of the Balance Sheet and two components of the Statement of Earnings of each of the organizations that fulfills one or more of the objectives?

Part 2

1. Identify in the Financial Statements and Notes to the Financial Statements, the components of Cash and Cash Equivalents, Accounts Receivable, Inventory, and Property, Plant and Equipment.

2. What are the measurements used to recognize the amounts recorded in the Balance Sheet for Cash and Cash Equivalents, Accounts Receivable, Inventory, and Property, Plant and Equipment of each of the organizations?

Part 3

1. Identify in the Financial Statements and Notes to the Financial Statements, the components of Intangible Assets and Leases.

2. What are the measurements used to recognize the amounts recorded in the Balance Sheet for Intangible Assets and Leases of each of the organizations?

Part 4

1. Identify in the Financial Statements and Notes to the Financial Statements, the components of current and Long-term Liabilities.

2. What are the measurements used to recognize the amounts recorded in the Balance Sheet for current and Long-term Liabilities of each of the organizations?

Part 5

1. Using the annual reports of the organizations chosen in part 1, locate the Financial Statements and Notes to the Financial Statements.

2. Identify in the Financial Statements and Notes to the Financial Statements, the components of Stockholder's Equity.

3. Discuss the measurements used to recognize the amounts recorded in the Balance Sheet for Stockholder's Equity of each of the organizations.