Burger king Accounting Survey

 Mcdonalds Accounting Report Composition

Articles

INTRODUCTION2

Short History3

McDonalds' today4

McDonalds' Pakistan5

DEPARMENTS6

Operations (equipment and franchising)6

Marketing (sales marketing)7

Expansion (property and construction)7

Financing (supply cycle and cool product development)7

Details Technology8

Purchasing8

Training8

What McDonalds' perform with its Earnings? 8

Structure of McDonalds'9

ACCOUNTING DEPARTMENT10

Hierarchy of Accounting Department11

How revenue is measured in McDonalds'? 11

Economic Statements12

PROFITS STATEMENT12

BALANCE SHEET14

Affirmation of cash flows16

Statement of owner's equity18

How inventory is dealt with w. r. t. Accounting20

Bad Debts20

Depreciation20

Traditional bank Reconciliation Statement20

References22

MEET

INTRODUCTION

Simple History

The company began in 1940, having a restaurant opened by friends Richard and Maurice McDonald in San Bernardino, Cal. Their advantages of the " Speedee Support System" in 1948 set up the principles in the modern fast-food restaurant. In 1954, Ray Kroc, a seller of Multimixer milkshake machines, found that brothers Rich and Maurice (Dick and Mac) McDonald were applying eight of his high-tech Multimixers in their San Bernardino, California, restaurant. His curiosity was piqued, and this individual went to San Bernardino to take a look at the McDonalds' restaurant. The McDonald Brothers had been in the restaurant business since 1937. In 1948, they sealed down a prosperous carhop drive-in to establish the streamlined operation Ray Kroc saw in 1954. The menu was simple: hamburgers, cheeseburgers, french fries, shakes, fizzy drinks, and apple pie. The carhops had been eliminated for making McDonald's a self-serve procedure. Mac and Dick McDonald had considered great attention in setting up their home like an flow line, to ensure optimum efficiency. Believing that the McDonald formula was a ticket to achievement, Kroc recommended that they franchise their restaurants throughout the region. When they hesitated to take on this kind of additional burden, Kroc self volunteered to do it on their behalf. He returned to his home outside of Chicago with rights to setup McDonald's eating places throughout the country, except in a handful of areas in Washington dc and Illinois already certified by the McDonald brothers. Kroc's first McDonald's restaurant exposed in Kklk Plaines, The state of illinois, near Chicago, on Apr 15, 1955, the same day that Kroc incorporated his company while McDonald's Corporation. Once the Dieses Plaines restaurant was functional, Kroc desired franchisees for his McDonald's chain. The first tug at came quickly. In 1956 he found that the McDonald brothers experienced licensed the franchise rights for Prepare food County, Illinois to the Frejlack Ice Cream Firm. Kroc was incensed the McDonalds hadn't informed him of this layout. He purchased the rights back to get $25, 500, five times what the Frejlacks had originally paid out and pushed forward. McDonald's grew little by little for its first three years. Simply by 1958, there were 34 eating places. In 1959, yet , Kroc exposed 67 fresh restaurants, using the total to 101 places. McDonalds' today

This wonderful expression echoes around the world 50 mil times each day, in 35, 000 places, in great number of languages, in more than 120 countries around the globe. And this basic thought sums up the cause McDonald's is one of the best known and many popular quick service restaurant around the world, a significant tribute to Ray Kroc, who founded this company nearly 50 years ago with the simple eyesight expressed simply by his term 'Take good care of those who also work for you, and you should float to greatness issues achievements, you can expect our buyers with the quality of our great tasting food; each of our fast, friendly service; our clean restaurants and facilities; the value of our food as well as the McDonald's experience'. McDonald's Company is one of the planet's largest stores of burger fast food restaurants, serving almost 47 mil customers daily. In...

Referrals: http://www.wikipedia.com/

http://www.mcdonalds.com/

http://images.google.com/