Locate and Download the Consolidated Financial Statements of Nestle group (year 2016 or 2017). Based...
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Accounting
Locate and Download the Consolidated Financial Statements of Nestle group (year 2016 or 2017).
Based on the information in the above Financial Statements answer the following questions:
What accounting policies does the company apply and what is the structure of the financial statements? How do these compare and/or contrast with IAS 1 Presentation of Financial Statements. Specifically comment on tangible and intangible assets (34pts).
Does the company consolidate any entities in the financial statements? If yes identify them and comment on the differences in reporting of single and consolidated entities. (33pts)
Consider the basic rules of consolidated statements that were addressed in unit 3. Identify and comment on their application in the above entity. (33 pts)
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