Introduction The case study General Mills Inc. - Understanding Financial Statements focuses on the most basic idea of finance analysis. This case is a brief look into the language that is used in the finance world and a start to interaction with auditors. In this case‚ KPMG LLP‚ the public accounting firm that was auditing their statements‚ had sent two opinion letters. The first letter was ensuring that both parties were aware that General Mills had internal control over financial reporting
Premium Balance sheet Generally Accepted Accounting Principles Income statement
a. What is the nature of General Mills’ business? That is‚ based on what you know about the company and on the accompanying financial statements‚ how does General Mills make money? General Mills‚ Inc. has three segments. U.S. Retail sells ready-to-eat cereals‚ meals‚ yogurt‚ organic foods‚ etc. The International segment includes retail business in Canada‚ Europe‚ Latin America and the Asia/Pacific region. Bakeries and Foodservice sells to retail and wholesale bakeries‚ and convenience stores. The
Premium Income statement Balance sheet Generally Accepted Accounting Principles
General Mills Inc. – Understanding Financial Statements a.) General Mills makes money through producing various food products and distributing them all over the world. b.) The financial statements that are commonly prepared for external reporting purposes are the Balance Sheet‚ Income Statement‚ and Statement of Cash Flows. General Mills gives these statements a title of Consolidated Statements of Earnings‚ Consolidated Balance Sheets and Consolidated statements of Cash Flows. Consolidated
Premium Generally Accepted Accounting Principles Balance sheet Income statement
NTPM HOLDINGS BERHAD (NIBONG TEBAL PAPER MILL HOLDINGS BERHAD) BACKGROUND AND PURPOSE ‘Have a Heart‚ Learn‚ Progress and Serve’ is the NTPM’s philosophy. NTPM Holdings Berhad is one of SME in Malaysia. The company main business is manufacture and trade paper related product such as tissue papers‚ toilet tissue‚ serviettes and napkin. Other than that‚ the company also involve in trading of cotton and investment holding. NTPM want to distribute hygiene to the world based on their main business
Premium Paper Board of directors Strategic management
The Meiji Restoration was period in Japan when massive changes in ancient Japan. The goal of the Meiji Restoration was summarized in their motto‚ "A rich country‚ a strong military." In their quest to do so‚ the Meiji looked to the western civilizations. The Meiji sent young men to study abroad and learn new traits from the west. Before this drastic move the traditional Japanese society was largely isolated from all other civilizations. By doing this the Japanese managed to strengthen the economy
Premium History of Japan Western world Meiji period
General Mills’ Acquisition of Pillsbury from Diageo PLC Lauren Sherlock Jason Park JP Zendman 12/9/2009  General Mills’ Acquisition of Pillsbury from Diageo PLC Situation Analysis: In December 2000‚ management at General Mills (GM) proposed a plan to acquire Pillsbury‚ a baked- goods producer‚ in a stock-for-stock exchange. Pillsbury is currently controlled by Diageo PLC‚ one of the world’s leading consumer–goods companies. The deal specifies that General Mills is to create
Premium Stock Stock market Costs
About us * Ramya Holdings incorporated in 1987 and commenced operations in 1988 as Ramya Apparels (Pvt.) ltd. The company emerged as a manufacture and exporter of apparels to USA and EU markets. * To diversify into the Horticulture sector‚ Ramya Horticulture (Pvt.) Ltd was incorporated in 1998 operating Walpita Nursery and raised its arm to Ambewela and Wellawa Nurseries in 2000 and 2002 respectively. * As a result of re-structuring of operations‚ Trendywear (Pvt.) Ltd. was formed
Premium Sri Lanka
for several decades‚ and the challenge of how to stem the flow of young people to the cities or to lure new residents to take their places is heavy on the minds of local administrators. Most of the most radical changes happened to Japan during the Meiji era. Then rural people were tightly tied with soil‚ the ground they stood on‚ the fields they walked through‚ even after death. Their lives depended on soil as they grew crop on the soil to survive‚ got resources from soil for trade‚ and were buried
Premium Japan Sociology City
EPICENTRE HOLDINGS LIMITED 1 02 our values 03 corporate profile 04 chairman statement 06 operations review 08 financial highlights 09 awards and achievements 10 board of directors 13 ten reasons to buy from Epicentre 14 store listing 17 corporate information 18 group structure 19 product showcase 27 corporate governance report 43 financial statements 108 statistics of shareholdings 110 addendum 130 notice of annual general meeting
Premium Corporate governance Board of directors Executive director
1 General Mills’ Acquisition of Pillsbury from Diageo PLC 1. What are General Mills’ motives for this deal? Estimate the present value of the expected cost savings (synergies). In the spring of 1998 General Mills began studying areas where they could add to the company and advanced a strategy of acquisition-driven growth. General Mills has several motives for pursuing a deal to acquire Pillsbury. Pillsbury was identified as an ideal target due to its ability to complement General Mills’ other
Premium Stock market Stock