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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
The Procter & Gamble Company (P&G) As stated in the chapter, notes to the financial
statements are the means of explaining the items presented in the main body of the statements.
Common note disclosures relate to such items as accounting policies, segmented information,
and interim reporting. The financial statements of P&G are presented in Appendix B. The
company's complete annual report, including the notes to the financial statements, is available
online. Instructions Refer to P&G's financial statements and the accompanying notes to answer
the following questions.
(a) What specific items does P&G discuss in its Note 1—Summary of Significant Accounting
Policies? (List the headings only.)
(b) For what segments did P&G report segmented information? Which segment is the largest?
Who is P&G's largest customer?
(c) What interim information was reported by P&G?
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