Financial Accounting
Financial Accounting
15th Edition
ISBN: 9781337272124
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter MJ, Problem 1IFRS

IFRS Activity 1

Unilever Group is a global company that markets a wide variety of products, including Lever® soap, Breyer’s® ice cream, and Hellman’s® mayonnaise. A recent income statement and statement of comprehensive income for the Dutch company, Unilever Group, follow:

Chapter MJ, Problem 1IFRS, IFRS Activity 1
Unilever Group is a global company that markets a wide variety of products, , example  1

Chapter MJ, Problem 1IFRS, IFRS Activity 1
Unilever Group is a global company that markets a wide variety of products, , example  2

  1. a. What do you think is meant by “turnover”?
  2. b. How does Unilever’s income statement presentation differ significantly from that of Mornin’ Joe?
  3. c. How is the total for net finance costs presented differently from what typically would be found under U.S. GAAP?
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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License