San Diego State University Coca Cola Company Accounting Discussion

Please explain where you get a copy of financial statements from? A 10Q(Interim report, quarterly report) is not a financial statement. It does not require an auditor’s report because it is not a financial statement. In general there are four sources available: the company’s webpage, the SEC’s EDGAR, Mergent data basis (available at SDSU library), or call the company for the statements directly. The Sarbanes-Oxley law requires all public firms make their financial reporting available in those databses simultaneously during a 90-day periods from their fiscal year end date.

1. Select a company that is not chosen by the postings prior to this posting. Please list the current asset items reported on its balance sheet.

2. Briefly explain what additional disclosures does financial statement include related with its current assets. What does the use of disclosures achieves?