Managerial Accounting

 

Thursday, November 15, 2012

6:13

 

Go to the website of Procter & Gamble at

http://www.pg.com/en_US/index.shtml

. Click on Investor Relations and then Financial Reporting. Download the latest Annual Report that can be found in a PDF document. Key in “cost” and click Search. Scan the instances of when “cost” appears in the annual report. Then open the Consolidated Statements of Income and examine them for information about product costs.

 

Please respond to this Discussion Question using the information from the Annual Report of Procter & Gamble. Take the time to review your classmates’ responses and provide your feedback.

 

How much detail about product costs did you find in Procter & Gamble’s annual report? Why do you think Procter & Gamble reported this amount of detail regarding its product costs?