Analysis and Comparison of Coca Cola and Pepsico

Table of Contents

• What is a schedule in financial statements

• Balance Sheet schedule : Intangible assets

• Analysis and comparison of Coca Cola and PepsiCo wrt this schedule

• Income Statement Schedule : Other Comprehensive Income

• Analysis and comparison of Coca Cola and PepsiCo wrt this schedule

What are schedules of a Financial Statement :--

These financial statements and financial statement schedule are the responsibility of the Company's management. Its company's responsibility is to express an opinion on these financial statements and financial statement schedule based on their audits. They conduct audits of these statements in accordance with the standards followed in their parent country( In case of Coca Cola and PepsiCo Inc. they follow standards of Public Company Accounting Oversight Board (United States). These standards require that they plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation.

Schedule to Balance Sheet : INTANGIBLE ASSETS

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset

Coca Cola Company

There are 2 categories in which coca cola have divided its intangible assets into:--

A.) Indefinite-lived Intangible assets

1 The increase in 2010 was primarily related to the acquisition of trademarks and brands of $246 million partially offset by the effect of translation adjustments. None of the acquired trademarks or brands was individually significant.

2 The increase in 2010 was primarily related to the reacquisition of CCE's rights to distribute Trademark Coca-Cola Beverages in the United States and certain distribution rights