Home Depot (HD) is a retailer of home improvement and construction products. Home Depot is currently the world’s largest home improvement retailer with revenues exceeding $83 billion in its fiscal year ending February 1, 2015. The most commonly used inventory valuation methods are first-in first-out, last-in first-out, and average or weighted average cost. See the […]
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Tag Archives: financial accounting
What does Home Depot’s 2015 Form 10-K communicate about its inventory?
September 23, 2015 
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What internal control principles were violated at a Texas school district that allowed its superintendent to embezzle more than $750,000?
April 28, 2015 0 Comments
Beaumont Independent School District (BISD) is a public school district in Beaumont, Texas. It has three high schools, six middle schools, and 16 elementary schools, serving approximately 21,000 students. In February 2015, Patricia Lambert, former BISD Assistant Superintendent, was indicted for theft connected with her position in the school district. Lambert allegedly defrauded the school […]
Continue readingHow does Square account for the amounts it loans to small businesses?
April 24, 2015 0 Comments
Square, the mobile payments company, allows small businesses to take credit cards by swiping customer credit cards using a small square device attached to the audio jack found on mobile devices. Since its founding in 2009 and the launch of its first app in 2010, Square has found its way into many small businesses – […]
Continue readingWhat are the accounts payable turnover ratios at Kellogg, Post, and General Mills?
April 22, 2015 0 Comments
In a recent New York Times article (“Big Companies Pay Later, Squeezing Their Suppliers,” April 6, 2015), it was reported that several large companies are forcing their much-smaller suppliers to extend longer payment terms. Several large companies, such as Procter & Gamble, Heinz, and Anheuser-Busch, have told their suppliers that they want three or four […]
Continue readingWhat does Kohl’s 2015 Form 10-K communicate about its stockholders’ equity?
April 14, 2015 2 Comments
Kohl’s Corporation (KSS) operates department stores in 49 states in the U.S. and has annual sales in excess of $18 billion. Its fiscal year ends on the Saturday closest to January 31 each year. Kohl’s has several line items comprising its stockholders’ equity. See the excerpts to follow from Kohl’s 2015 Form 10-K: its Consolidated […]
Continue readingWhat is the accounting impact of Dunkin’ Donuts’ dividend declaration?
March 31, 2015 0 Comments
Dunkin’ Brands (NASDAQ: DNKN) declared a dividend of $0.265 on February 5, 2015, to be paid on March 18, 2015, to shareholders of record as of the close of business on March 9, 2015. This dividend is a 15% increase over the prior quarter’s dividend. Questions On which date will Dunkin’ Brands record a liability […]
Continue readingWhat information is in the auditor and management letters in The J.M. Smucker Company’s Form 10-K?
March 27, 2015 0 Comments
The J. M. Smucker Company (SJM) was started in 1897 by Jerome Monroe Smucker in Orrville, Ohio. The J. M. Smucker Company has several well-known brands in its lineup, including Jif, Folgers, Pillsbury, and Hungry Jack. Since The J. M. Smucker Company is publicly-held, it issues a Form 10-K each year. It is also required […]
Continue readingWhat does Coca-Cola’s Form 10-k communicate about its accounts receivable?
March 20, 2015 0 Comments
The Coca-Cola Company (KO), like other U.S. publicly-held companies, files its financial statements in an annual filing called a Form 10-K with the Securities & Exchange Commission (SEC). Coca-Cola has several assets that are listed on its balance sheet. Let’s look at what is reported on Coca-Cola’s Form 10-K regarding its accounts receivable. See the […]
Continue readingWhen do Keurig and Dr Pepper record a transaction resulting from their exclusive arrangement for Keurig’s upcoming Keurig Cold machine?
March 17, 2015 0 Comments
Keurig Green Mountain, Inc., (GMCR) recently announced that it had signed an exclusive deal with Dr Pepper Snapple Group (DPS) for rights to make pod-versions of Dr Pepper Snapple products in the upcoming Keurig Cold machine (anticipated release date in fall 2015.) Questions On the date of the exclusive contract signing, would Keurig record an […]
Continue readingHow does the new equity issued by Sonos, the wireless internet-enabled speaker maker, affect its financial statements?
March 10, 2015 0 Comments
Sonos is a maker of wireless internet-enabled speaker systems. It was founded in California in 2002 and has experienced rapidly growing sales. Its CEO, John MacFarlane, indicated that Sonos would exceed $1 billion in sales in 2014. In December 2014, the privately-held Sonos issued an additional $130 million in new equity. It will be using […]
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