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Assignment
Identify the changes in accounting principles reported by Coca-Cola during the 3 years covered by its income statements (2009-2011).
1. Describe the nature of the change and the year of change.
2. Identify the changes in accounting principles reported by PepsiCo during the 3 years covered by its income statements (2009-2011). Describe the nature of the change and the year of change.
3. For each change in accounting principle by Coca-Cola and PepsiCo, identify, if possible, the cumulative effect of each change on prior years and the effect on operating results in the year of change.
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