Mcdonalds Essay

Topics: Liability, Balance sheet, Generally Accepted Accounting Principles Pages: 1 (361 words) Published: July 25, 2012
McDonald’s reported a year end annual earnings report for the last 4 years: 2010, 2009, 2008, and 2007. This portion of the McDonalds essay will cover the company’s account amounts for the 2 most recent year end reporting period which are 2010 and 2009. This report will cover the actual numbers from McDonald’s Corp balance sheet. The balance sheet lists each individual account that applies as a liability account. Accounts payable, notes payable, short term debt, accrued liabilities, and other current liabilities added together will give you the actual year-end dollar amounts for total current liabilities. Long term debits added together configures the dollar amount according to the individual year that is being covered to give McDonald’s Corp total liabilities numbers. The 2 most recent annual reporting periods for McDonald’s are coming from the years 2010 and 2009. The first account that will be cover is the most recent reporting from 2010! Accounts Payable figured at a year-end balance of 943,900, there was a zero balance on the notes payable account, and short term debt amount was 8,300, accrued liabilities accounts totaled 1,585,600, and other current liabilities totaled 386,900. After adding accounts payable plus short term debt plus accrued liabilities plus other current liabilities equal McDonalds 2010 total current liability amount which is 2,924,700. Next is McDonald’s 2009 year-end annual reporting! Accounts payable year-end balance was 636,000 again there was a zero balance on all notes payable accounts, plus short term debt amounts were 18,100 plus accrued liabilities account plus other current liabilities accounts equaled 2,988,700. McDonald Corp two largest current liability accounts for the 2 most recent annual reports in the year of 2010 and 2009 was accrued liabilities and accounts payable. The McDonald’s Corp reported a year-end annual earnings report for 2010 and 2009 total liabilities. Total current liabilities and total...
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