This Paper is a report about DIAGEO's 2023 financial statement.
It highlights the company's various macroeconomic, industrial and Firm events and enumerate their potential implications for the accounting policies and reporting of the company.
It also shows whether DIAGEO fully complies all required disclosures of its accounting policies (IAS 16; IAS 38; IFRS 3; IAS 36 and IAS 2).
DIAGEO is a British company founded in December 1979 by the merger of Grand Metropolitan (GMP) and Guinness. Diageo aspires to be among the world's most prosperous, dependable, and esteemed consumer goods companies. Diageo prioritizes team engagement while adhering to defined strategies like efficient growth, consistent value creation, and valuing credibility and trust. Diageo has experienced a range of external, industry, and macroeconomic events over the years that have impacted the business. This document will enumerate these incidents along with any potential implications for the accounting policies and reporting of the company.
Inhaltsverzeichnis (Table of Contents)
- Background
- Macro-economic Level
- Industry Level
- Firm Level
- Expectations
- Accounting Policy choice
- Property, Plant and Equipment: IAS 16
- Intangible assets: IAS 38
- Business Combinations: IFRS 3
- Impairment: IAS 36
- Inventories: IAS 2
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This document examines the impact of various macroeconomic, industry, and firm-level events on Diageo's accounting policies and reporting. The objective is to analyze how these events influence the company's financial performance and disclosures.
- The impact of macroeconomic events, such as climate change, political conflicts, and inflation, on Diageo's operations.
- The effects of industry-level trends, including shifting consumer preferences and increased competition, on Diageo's accounting policies.
- The consequences of firm-level events, such as acquisitions, disposals, and investment decisions, on Diageo's financial statements.
- The anticipated impact of these events on Diageo's accounting policies and reporting practices.
- The potential implications for Diageo's financial performance and disclosures.
Zusammenfassung der Kapitel (Chapter Summaries)
The "Background" section delves into the macroeconomic, industry, and firm-level events that have influenced Diageo's operations. It explores the challenges posed by climate change, the impact of the Russian-Ukrainian conflict, and the effects of inflation on Diageo's business.
The "Accounting Policy choice" chapter examines the potential impact of these events on specific accounting policies, including IAS 16 (Property, Plant and Equipment), IAS 38 (Intangible assets), IFRS 3 (Business Combinations), IAS 36 (Impairment), and IAS 2 (Inventories).
Schlüsselwörter (Keywords)
Key words include climate change, political conflict, inflation, industry trends, consumer preferences, competition, acquisitions, disposals, investments, accounting policies, financial reporting, financial performance, disclosures, Diageo.
- Citation du texte
- Lesly Tsague (Auteur), 2024, "DIAGEO" Financial Report 2023, Munich, GRIN Verlag, https://www.grin.com/document/1470682
