Coca-Cola Financial Accounting Paper

When reviewing the Report of Independent registered creation accounting firm for Coca-Cola Bottling high society ( degree Celsius), Price Waterhouse Cooper issued an clear opinion. The report from the independent registered public accounting firm is a controversy signed by an independent public accountant describing the scope of the examination of an organizations books and records. Because fiscal reporting involves considerable discretion, the accountants opinion is an important assurance to a lender or investor. The opinion can be unmodified or, to some degree, qualified. Qualified opinions, though not necessarily negative, endorsement investigation. As I stated earlier COKE was issued an unqualified opinion. ?The standard unqualified report is regarded as a unclouded bill of health, the auditor made no exceptions and inserts no qualifications in the report? (crfonline.org 5). The purpose of this audit is to hold COKE accountable for all the accounting figures that they present to their investors making a termination to buy or sell securities, the banker deciding whether to approve a loan, the person trying to make a decision to buckle under credit to the company and anyone who needs to use this information. If there wasn?t an external auditor, companies would cheat the system and lie about how much(prenominal) money they are really making.

When looking at the yearly report, the first financial statement that you will come crossways is the consolidated statements of operations. When looking at this statement an investor can interpret how much money was made just from operation activities. This statement will give you net sales, gross margin, income from operations, net income, primary net income per share, and diluted net income per share. This is an important statement because in order for a company to be successful in the long run, it must be making money from their operations. When reviewing COKE?s statement of operations I...

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