Expert answer:Rules of Financial Reporting, business and finance
Solved by verified expert:For this assignment, due in Module Eight, 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 estimates and 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.
Guidelines for Submission: Milestone Three should adhere to the following formatting requirements: 2–3 pages (not including cover page or appendix), doublespaced,
using 12-point Times New Roman font and the most current guidelines for APA formatting. Must correlate with the 2 attached files!
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