I really need help doing this XBRL Audit
I need the wk 2 & 3 to be edited. I do not need the screenshots.
XBRL Audit Instructions
With this project you will explore Starbucks’ use of XBRL in filing 10-Ks with the SEC. This audit will
require you to look at the underlying data in the electronic filing of the 10-K of Starbucks in comparison
to the data contained within the Enterprise System of Starbucks and tie those numbers based on the
XBRL tags in the FASB Codification database. Below you will find links to a couple of different files and
tools you will need to complete this Audit:
10-K of Starbucks – File sbux-10k.html
XBRL of Starbucks 10-K – File sbux-XBRL.xml in the Files section of the Course Menu
Download Microsoft XML Notepad (https://www.microsoft.com/en-us/download/details.aspx?id=7973)
FASB Codification (http://www2.aaahq.org/ascLogin.cfm)
It has come to the attention of Starbucks’ management through an inquiry by the SEC that irregularities
have been detected by the SEC’s
Accounting Quality Model (a.k.a. RoboCop).
Your task is to research the irregularities, audit the financial statements, and correct the irregularities to put Starbucks back in good standing with the SEC. Your corrections should accompany a formal memo to the SEC explaining the remedy of the irregularities.
: Download the materials provided and install Microsoft XML Notepad on your computer. Read
over the financial statements and make sure your professor had given you access to the FASB
: Use the following data to help you hone in on the financial statement irregularities:
1) The SEC has indicated that the cash carrying value transmitted in the XBRL file does not tie
to the balance sheet number in the printed copy of Starbucks’ 10-K. Find the XBRL element
in the FASB Codification, search the XBRL/XML file, and reconcile the 10-K to the XBRL file
and correct the error. Once identified use a text editor to correct the issue.
2) The value transmitted to the SEC for accounts payable is incorrect as compared to the 10-K.
The error is causing the right side of the balance sheet equation to be off by double the
account’s total value. Find the XBRL tag in the FASB Codification, search the XBRL/XML file,
and reconcile the 10-K to the XBRL file and correct the error. Once identified use a text
editor to correct the issue.
3) The value of retained earnings is overstated as compared to the 10-K. Find the XBRL tag in
the FASB Codification, search the XBRL/XML file, and reconcile the 10-K to the XBRL file and
correct the error. Once identified use a text editor to correct the issue.
4) The Company-operated stores Net Revenue number is understated due to a typographical
error. Find the XBRL tag in the FASB Codification, search the XBRL/XML file, and reconcile
the 10-K to the XBRL file and correct the error. Once identified use a text editor to correct
: Correct the errors in the XBRL file based on your previous week’s audit. Deliver the modified
XBRL file. Use Microsoft XML Notepad or Notepad to make your modifications. Make sure your file is
well formed when you save it.
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.