Reference no: EM131151247
GAAP reporting
You will submit the Rules of Financial Reporting component of your financial analysis (Critical Element IV). In this milestone, you will consider the following governmental and GAAP reporting requirements for what is mandated that Starbucks include in its financial statements: Why is the reporting of control procedures required, and what information is disclosed about Starbucks' control procedures? Why is the reporting of segment information required, and what information is disclosed about Starbucks' segment information? Why is the reporting of estimates and assumptions required, and what information is disclosed about Starbucks' reporting of estimates and assumptions? Why is the reporting of investments and fair value required, and what information is disclosed about Starbucks' investments and fair value reporting? And last: Why is the reporting of leases required, and what information is disclosed about Starbucks' lease structure? Justify your response to each question.
Specifically, the following critical elements must be addressed:
A. Why is the reporting of control procedures required, and what information is disclosed about Starbucks' control procedures? Justify your response.
B. Why is the reporting of segment information required, and what information is disclosed about Starbucks' segment information? Justify your response.
C. Why is the reporting of estimatesand assumptions required, and what information is disclosed about Starbucks' reporting of estimates and assumptions? Justify your response.
D. Why is the reporting of investments and fair value required, and what information is disclosed about Starbucks' investments and fair value reporting? Justify your response.
E. Why is the reporting of leases required, and what information is disclosed about Starbucks' lease structure? Justify your response.
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