Accounting Project - Financial Analysis of Three Restaurant Giants

This accounting project provides a detailed financial analysis of three prominent companies: Yum! Brands, Panera Bread, and Starbucks. The project examines the companies' operations, market capitalization, return on investment (ROI), and stock performance. The analysis includes information about the companies' divisions, such as KFC, Pizza Hut, and Taco Bell for Yum! Brands, and the role of their respective auditors, including KPMG, PWC, and Deloitte. The project utilizes annual reports and financial statements to assess each company's financial health, including compliance with GAAP and IFRS. The role of auditors in ensuring fair presentation and compliance with regulations is also a key aspect of the project. The project also explores the companies' presence in various countries and their market positions within the food service industry.

Accounting Project Document
Company Name- Yum! Brands Inc.
The company is engaged in restaurant business. The company marks its presence in more
than 135 countries with franchises over 43,500 restaurants. The operation of the company is
driven into three segment mainly (a) KFC division; (b) The Pizza Hut Division; (c) Taco Bell
division. The last traded price of the shares of the company i.e. on 26-04-2019 is 104.09 USD
and the company is listed on New York Stock Exchange. The three divisions of the company
are highly profitable with presence pan globe. The company has a market capitalisation of $
31 billion dollars with a Return on Investment of 44.54%. (Reuters.com, 2019)
The link for downloading the company audit report has been provided as under (Yum Brands
2018 Annual Report, 2019) :
The CPA firm that audit the company KPMG LLP, one of the big 4 audit companies in the
world. The role of KPMG LLP has been detailed here-in-below:
(a) To ensure information presented in the annual report/ financial statement are true and
fair;
(b) To ensure compliance with relevant laws and regulation like GAAP and IFRS;
(c) Ensuring effective Corporate Governance.
The manager should know the role of the auditor to ensure proper coordination and
presentation of documents before the auditor to enable them carry out the audit in fair and
compliant matter. Further, it prevents manager from artificially cooking up books as they
know facts will be cross checked.
Company Name- Panera Bread
The company is engaged in food service business and is pioneer in serving clean restaurant
food. The company marks its presence in two countries mainly America and Canada with
more than 2000 stores at its disposal. The company owns Au Bon Pain. The company has
wide range of dishes at its disposal. It is an American Chain store and was public till 2017
(AnnualReports.com, 2019)
The link for downloading the company audit report has been provided as under:
The CPA firm that audit the company PWC, one of the big 4 audit companies in the world.
The role of PWC has been detailed here-in-below:
(a) To ensure information presented in the annual report/ financial statement are true and
fair;
(b) To ensure compliance with relevant laws and regulation like GAAP and IFRS;
(c) Ensuring effective Corporate Governance.
The manager should know the role of the auditor to ensure proper coordination and
presentation of documents before the auditor to enable them carry out the audit in fair and
compliant matter. Further, it prevents manager from artificially cooking up books as they
know facts will be cross checked.

Company Name- Starbucks
The company is engaged in roasting, marketing and retailing of coffee. The company marks
its presence in more than 75 countries. The operation of the company is driven into three
segment mainly (a) America; (b) China/ Asia Pacific; (c) Europe, Middle East and Africa
division; (d) Channel Development. The company sell goods under various brands namely
Tevana, Tazo, Evolution Fresh etc. The last traded price of the shares of the company i.e. on
26-04-2019 is 77.45 USD and the company is listed on NASDAQ Stock Exchange. The four
divisions of the company are highly profitable with presence pan globe. The company has a
market capitalisation of $ 79 billion dollars with a Return on Investment of 28.86%.
(Reuters.com, 2019)The link for downloading the company audit report has been provided
(Starbucks Annual Report , 2019)as under:
The CPA firm that audit the company Deloitte and Touche LLP, one of the big 4 audit
companies in the world. The role of PWC has been detailed here-in-below:
(d) To ensure information presented in the annual report/ financial statement are true and
fair;
(e) To ensure compliance with relevant laws and regulation like GAAP and IFRS;
(f) Ensuring effective Corporate Governance.
The manager should know the role of the auditor to ensure proper coordination and
presentation of documents before the auditor to enable them carry out the audit in fair and
compliant matter. Further, it prevents manager from artificially cooking up books as they
know facts will be cross checked.
References
AnnualReports.com. (2019, April 29). Panera Bread Co. Retrieved from annualreports.com:
http://annualreports.com/Company/panera-bread-co
Reuters.com. (2019, April 29). Starbucks Corp (SBUX.OQ). Retrieved from www.reuters.com:
https://www.reuters.com/finance/stocks/overview/SBUX.OQ
Reuters.com. (2019, April 29). Yum! Brands Inc (YUM.N). Retrieved from www.reuters.com:
https://www.reuters.com/finance/stocks/overview/YUM.N
Starbucks Annual Report . (2019, April 29). Retrieved from s22.q4cdn.com:
https://s22.q4cdn.com/869488222/files/doc_financials/annual/2018/2018-Annual-
Report.pdf
Yum Brands 2018 Annual Report. (2019, April 29). Retrieved from investors.yum.com:
http://investors.yum.com/Interactive/newlookandfeel/4025819/trial1/pdf/2018-Yum-
AR.pdf