UNUSUAL ACCOUNTING PRINCIPLE

Unusual Accounting Principle

Unusual Accounting Principle

INTRODUCTION

Unusual Accounting Principles have a negative impact on the company. There are set accounting rule and principle that every company should follow. They should be able to follow the rules and regulations set by the general accounting principles. When these principles are not followed and when the company is being adversely affected, it is not beneficial for the company. This paper will discuss an unusual accounting principle that has impacted the company. The company discussed in this paper is Coca-Cola. This company is not new to anyone. It is the leading company in the beverages company.

DEPARTMENTS AND THEIR FUNCTIONS

The departments at Coca Cola are well defined and separated. Every department is assigned a different role and people in the department know their job. They know what they are responsible for and also know their duties. The departments at Coca-Cola are accounts department, production department, secretarial department and marketing department. The function of each department is well known so that no confusion exists between the departments. The communication channel between the departments is very clear and people are well aware of what is going on in the company. The company makes sure that the information that the department needs is transmitted to the people of the department at the right time. This ensures that there is no delay in the work that the department has to perform.

The different departments are linked to other departments, such as the production department is linked to the marketing department which means that the people who are in these departments have to make sure that the communication between these two departments is clear and they know what activities they have to perform. The finance department is linked to the secretarial department, because the annual report of the company is made ...