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MOD 11:. Adjusting Enterprise Operations Lauren Walaszczyk. Quick Background. Headquarter: Tokyo, Japan IFRS Accounting Products (enterprise activities) New/Used Cars Motorcycles Boats Financial Services Brands Acura
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MOD 11: Adjusting Enterprise Operations Lauren Walaszczyk
Quick Background • Headquarter: Tokyo, Japan • IFRS Accounting • Products (enterprise activities) • New/Used Cars • Motorcycles • Boats • Financial Services • Brands • Acura • America generates the most revenue and manufactures the highest volume of cars • Mature industry, but still experiences high volatility
Inventory Method • LIFO is not allowed under IFRS • No adjustment
Operating Leases – Note 19 • No capital leases
Capitalization of Operating Leases • Credit Rating – A+ • Long term debt weighted average interest rate = 1.82%
Stock Compensation • Honda does not have stock compensation plans