Summary Coursework Example | Topics and Well Written Essays - 1750 words

Summary - Coursework Example As per the requirements of US GAAP and Securities and Exchange Commission, the income statement of PepsiCo shows the comparative financial performance of the company over last three years, i.e. 2009, 2010 and 2012. There is one extra ordinary item is also included with the head of â€Å"bottling equity income†. However, this item was of non-recurring nature such that it was present in the income statements of 2009 and 2010 but in 2011, this figure was not shown by the company. The requirement to show both basic and diluted earnings per share is also provided in the income statement of PepsiCo. There are few optional items also presented by the company in order to provide more meaningful picture of the company especially to its shareholders such as weighted average number of ordinary shares outstanding and dividend per share declared by PepsiCo over last three years. Contingencies Contingencies, is a specific type of liability under which account head is presented on the face o f the balance sheet but its amount is not showed. Generally, contingencies include those items the results of which can go either in favor or against the company such as lawsuits, long-term contractual obligations, commitments etc. However, contingencies are presented only when their respective amounts are probable and can be reliably estimated as well. PepsiCo has also provided contingencies on its balance sheet under the name of commitments and contingencies. There are different kinds of contingencies under which PepsiCo is obligated, such as non-cancelable commitments. These non-cancelable commitments include commitments for operating leases of building, purchasing agreements with the suppliers of sugar and sweeteners, oranges and its juices and related packaging material. Non-cancelable marketing agreements are also signed by PepsiCo mainly for its sports based marketing. There are some items, which have not been included under contingencies by PepsiCo such as bottler funding an d medical plan related liabilities for retirees. Bottler funding is that agreement which is negotiated by PepsiCo with its suppliers on yearly basis. Medical plan is not included because expected future cash outflows in this regard are not represented as long-term contractual obligations. Off-balance sheet transactions and items are also not included in the commitment and contingencies because PepsiCo has not made it its practice to include in its financial statements unless they constitute under the normal course of business of PepsiCo. INTANGIBLES Being a multi-national entity, PepsiCo has acquired different sorts of intangible assets such as brands, computer software, franchises, goodwill etc. The company has developed various criteria in order to value its intangibles, which are discussed below. Brands PepsiCo develops certain brands the cost of which is normally expensed out by the company in the year in which the brand is developed. Certain brands are acquired by PepsiCo such that their goodwill is recognized separately in the balance sheet. With respect to the life of brands, there are two types of brands i.e. brands with definite life and brands with indefinite life. PepsiCo has the specific brand valuation criteria, which it follows in order to assess the life of the brand. Generally, the brands with definite lives are amortized over a period ranging from 5 to 40 years are

Women in the Canadian Political System Essay Example | Topics and Well Written Essays - 2000 words

Women in the Canadian Political System - Essay Example For many years, the underrepresentation of women in the institutions that forge Canadian pubic policy has proved to be the subject of incredibly widespread discussion and debate, as have the various different manifestations of inequality that have been present on the laws and policies themselves of which are involved. The role and influence that women have played in the Canadian political system has been considered different by various personas, however regardless of this, the fact still remains that the role of women in the Canadian political system is incredibly important and significant. The aim of this paper is to not only discuss the actual role and influence of women in the Canadian political system, but as well discuss any and all other key and related issues in regards to this matter. By doing this, we will be able to gain a much more informed and knowledgeable understanding on the subject matter at hand. This is what will be dissertated in the following. Canada is known as being a constitutional monarchy and a Commonwealth Realm, with a federal system of parliamentary government, as well as incredibly strong democratic traditions. "Many of the country's legislative practices derive from the unwritten practices and precedents set by the United Kingdom's Westminster parliament; however, Canada has evolved variations. Party discipline in Canada is stronger than in the United Kingdom, and more of the votes are considered confidence votes, which tends to diminish the role of non-cabinet Members of Parliament (MPs). Such members, in the government caucus, are known as backbenchers. Backbenchers can, however, exert their influence by sitting in parliamentary committees, like the Public Accounts Committee or the National Defense Committee" (Wikipedia, 2007). Women made up about 21 percent of all elected politicians in Canada, in provincial and territorial legislatures and Parliament in the year 2006, however "their representation ranged acr oss the country, from a low of 10.5 percent to a high of more than 30" (CBC, 2007). Women were actually excluded in the negotiations that created Canada in 1867 and they have since been fighting the laws, government, and political system for the basic democratic right to do things such as vote, hold office, and participate equally in public life. Although women have definitely come a long way since then, they are still incredibly underrepresented in Canadian government and politics, and this undermines the democratic principles of the Canadian electoral and political system as a whole. The role that women play in Canadian politics is truly one of great complexity, and certainly one which has altered quite dramatically over time, particularly in more recent years. This issue is one which is drastically broad and widespread, and it involves theoretical, historical and practical issues; it addresses political inputs, political processes, and policy outputs, and it examines gender politics at both the mass and elite levels, and as well addresses the impact of multiple identities on women's movement and women's issues in general in Canada. There has always been an incredibly significant and obvious imbalance in politics when it comes to the