Accounting Financial Analysis Report on Starbucks Corporation

This report provides a financial analysis of Starbucks Corporation, examining the company's revenue generation from its stores and other sources. It discusses the industry and nature of Starbucks' business, applying Porter's five forces framework to the specialty coffee retail industry. The report highlights the presentation of consolidated financial statements and their implications, emphasizing the importance of external reporting to the SEC. It identifies potential users of Starbucks' financial statements, such as financiers and stakeholders, and their interests in financial performance and corporate governance. The report also mentions Deloitte & Touche LLP as the auditing company and explains the reason for the delay in the opinion letter after the fiscal year-end, attributing it to the extensive time required for assessments and evaluations to ensure the accuracy and reliability of financial reporting.

Running head: ACCOUNTING FINANCIAL ANALYSIS REPORT
Accounting Financial Analysis Report
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ACCOUNTING FINANCIAL ANALYSIS REPORT
Way Starbucks make money
Starbucks is a brand that generates money from grocery stores, varied convenience chains
and quite everywhere beverages are marketed. The company makes majority of wealth from
operating its stores (Lang & Stice-Lawrence, 2015). In actual fact, revenue generated for
company owned stores can be considered to be four times over and above revenue generated
from licensed stores, diverse consumer packaged goods and varied other sources.
Industry and nature of the business
Starbucks Corporation is necessarily an American coffee corporation that operates in the
coffee shop industry.
Application of Porter's five forces framework to the specialty coffee retail industry

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ACCOUNTING FINANCIAL ANALYSIS REPORT
Starbucks report consolidated financial statements
The company presents consolidated financial assertions during the specified period.
Implication of consolidated financial statements
This refers to the fact that the company presents consolidated financial statement that is
delivered by a parent (also referred to as holding enterprise) to deliver pecuniary information
regarding economic actions of the entire group (Warren & Jones, 2018).
Financial statements prepared by publicly traded companies for external reporting
purposes
Particularly, within 45 days of every quarter-end as well as 90 days of closing of year,
these business concerns have the need to present financial assertions with mainly SEC. On
the whole, every public corporation has the need to prepare as well as arrange financial
assertions for purposes of external reporting at least four times every year.

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ACCOUNTING FINANCIAL ANALYSIS REPORT
Potential users of Starbucks financial statements
The potential users of the financial assertions of the firm include stakeholders of financial
assertions. These are normally grouped as financiers who are interested in potential profits as
well as security of investment (Warren & Jones, 2018).
Things people look for in the financial statements include financial performance, notes to the
financial statements, corporate governance statement, corporate social responsibility and
many others (Warren & Jones, 2018).
Company that audited Starbucks
The company that audited Starbucks is Deloitte & Touche LLP.
Auditor’s opinion
As per the opinion of the auditor, there are consolidated financial assertions that deliver
fairly, in diverse respects overall financial position of the overall corporation as well as its
subsidiaries
Opinion letters, and reason why the dates after the Starbucks year-end date
The opinion letter was accepted several months after fiscal year end of the firm Starbucks.
This is mainly owing to the fact that it takes significant period of time for the assessors that
include assessing, on mainly test basis, substantiations supporting total amounts as well as
disclosures in the financial assertions (Warren & Jones, 2018). In essence, they also require
audit for obtaining reasonable assurance regarding whether effectual internal control over
financial reporting was maintained in different material facets. Evaluators also have the need
to examine all the facets to be reasonable assured to deliver their opinions and this is why the
delay.

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ACCOUNTING FINANCIAL ANALYSIS REPORT
References
Lang, M., & Stice-Lawrence, L. (2015). Textual analysis and international financial
reporting: Large sample evidence. Journal of Accounting and Economics, 60(2-3), 110-135.
Warren, C.S. & Jones, J., (2018). Corporate financial accounting. Cengage Learning.