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
General Mills faces extreme challenges in the external environment. Being a food company‚ and a very large one at that‚ they are regulated by several organizations and government agencies such as the FDA. They also claim most of their products to be very nutritious; therefore they must back their statements up. General Mills is a very important piece of the overall economy‚ being so large‚ so we are all external stakeholders. This is why they try to be socially responsible achieving #2 and #3 in
Premium Economics Management Nutrition
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
Baltic Journal of Management‚ Vol. 7 Iss 1 pp. 49 - 67 1.2 Introduction This article shows that the positive contribution of CSR to the internal staff. It was found that the reason for encouraging the employees motivation is corporate social responsibility. 1.3 Aims and Research Methods In the survey‚ 274 staff come from the largest company of Lithuania to undertook the CSR events. The research hypotheses were tested using correlation and regression analysis using factor scores from a principal
Premium Corporate social responsibility Social responsibility
1996). History of CSR Social and environmental reporting has grown substantially since the early 1965s. According to study of CSR Sustainability Framework (CSR Quest‚ 2004)‚ the history of the CSR can be consist of 3 phases which can be illustrated by such a diagram below with issues developed in each phase Diagram 1.1 (Source: CSR Quest‚ 2004) As a result‚ nowadays‚ the findings pointed out by Peter Utting (2005) revealed that more than 80% of the fortune-500 companies had CSR reporting on their
Premium Corporate social responsibility
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
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
The Centre for Society & Religion (CSR) marks the 40th year of its existence in 2011. Begun in 1971 amidst and in response to socio-political upheavals and the radically new thinking emanating from the Second Vatican Council‚ the Centre has continued to blaze a trail in taking up the cause of victimized and marginalized sections of the society. As it was then‚ the CSR in our times too finds itself in the midst of anti-people developments and trends. As the CSR reaches its 40th year‚ it is opportune
Premium Social justice Ideology Liberation theology
Analysis of CSR in a case of "Gazprom" 3.1. A Brief presentation of the company and Russian CSR concept The trend of taking into consideration the elements of CSR in Russia could be compared with the Soviet times‚ when all the companies tried to establish only the CSR programs in a social and cultural environment. The Russian companies see CSR programs focusing only on the group of stakeholders and especially on internal environment-on the workers and mostly all the companies follow as
Premium Social responsibility Russia Corporate social responsibility