Darden

Financial Reporting For Darden Restaurants Inc. the eternal rest tacking they set out chosen to carve up their assets in what can be considered a traditional coiffe. The play a vast lists first the unquestionable assets much(prenominal) as cash, inventories, and pre paid items. succeeding(prenominal) on the list ar items much(prenominal)(prenominal) as buildings and equipment. in all these items be transparent, visible, or psychical. at long last Darden lists for the assets section are non tangible goods such as goodwill, trademarks, and other non-specified assets. The following section of the respite piece of paper break down are the current liabilities such as accounts payable, accrued payroll, unearned revenues, and short term debt. pursual this section is long term debt, deferred taxes or rent, and other liabilities which are all unconnected in their own non-specifically categorized groups. Lastly the balance sheet has the stock holders equity section whic h includes retained earnings, common stock, treasury stock, and unearned compensation all listed low that title. This is the format expected by the generally accepted manner of accounting principles which requires all three items; assets, liabilities, and stock holders equity to all broken into three separate sections as salutary as each section is ask to wear current and noncurrent items listed separately.

Darden Restaurants also completes the income avowal format required by the GAAP standards by itemization a itemized format containing the income for the period along with dividends declared, stock alternative exercises, and stock option by back for the! company. All these items are required to be listed in accurate format by the Sarbanes-Oxley practice of 2002 which specifies all listed fiscal amounts are to be specific, accurate, as hale as verified not only by the chief operating officer and company financial officers exclusively by an outside accounting firm. The financial teams for companies are held accountable for the reports once published. The latest financial statements published by Darden were the balance and income sheet of the company for public...If you indigence to get a complete essay, order it on our website: OrderCustomPaper.com

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