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Finance & Accounting
Pages 3 (753 words)
Coca-Cola Company Financial Reporting From an analysis of the balance sheet of The Coca-Cola Company for the year ended December 31, 2011 and December 31, 2012, it can be noted that the assets in the company’s current assets are listed in the proper order (The Coca-Cola Company, 2013).
The assets listed in Coca-Cola Company’s balance sheet are classified into two main categories, current and other assets. Current assets are divided into two sections, with the first one being cash and cash equivalents and short term investments (The Coca-Cola Company, 2013). All the other assets that do not make up part of current assets are the long-term assets that are listed individually. In a balance sheet, cash equivalents always appear with cash as the first of current assets. From research, it is noted that cash equivalents are non-cash assets that are highly liquid or can be converted into cash immediately. This means that cash equivalents are assets that can be readily sold or disposed of and converted into cash for immediate use. Just like cash, cash equivalents are usually low risk and return assets, meaning that their face value rarely changes much. From the annual report for The Coca-Cola Company, it can be seen that the total value for the total current liabilities for 2012 was $27,821,000,000 while the total value for the total current liabilities for 2011 was $24,283,000,000 (The Coca-Cola Company, 2013). It should be noted that 2012 was the most recent annual reporting period while 2011 was the previous annual reporting period for The Coca-Cola Company. ...
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