Quick Accounting Question: Very Basic

Also, if there aren't financials for that Brazil Consumer division, is there anything I can look for in the corporate financials?

Thanks.

Would it be possible to find info on the Consumer Division (regardless of country) via the SEC filings of the parent company? Try EDGAR on the SEC website (www.sec.gov). Probably a longshot and probably something you've already checked, but...

Good luck.

Don't know if this will help but have you tried the web site for J&J Brazil? You probably need to know Portuguese however...

Assuming it's a wholly-owned sub, you're most likely not going to find much. They will wrap it all up in say the "Latin American Operations" numbers or some sh-t like that.

No, as a previous poster mentioned a company does not have to break-out the operations of a wholly owned subsidiary. Think Enron, it is still very possible to hide many many things or highlight things you want to stand out.

SWEDES wrote:

No, as a previous poster mentioned a company does not have to break-out the operations of a wholly owned subsidiary. Think Enron, it is still very possible to hide many many things or highlight things you want to stand out.

What's killing me though, is Investor Relations can't even confirm if the info is out somewhere or not. I don't want to chance the info being available somewhere (Dun & Bradstreet??) or where ever, and complete the assignment w/o the info. So I have to dig, and maybe waste time.

Investors relations knows very little about accounting and what is and isn't available. If it isn't a proxy statement or an annual report they generally don't have a clue.

wondering......... wrote:

I'm doing a case study on Johnson & Johnson Brazil's Consumer Division. (Abstract below, if wanted). Their website

http://www.jnj.com

, doesn't have financials of that location/division available. Also, Investor Relations has been unsuccessful in finding such info. Am I wrong in thinking a company should such information available??

http://www.thunderbird.edu/about_thunderbird/case_series/2007/_07-0002.htm

which class is this?

FWIW, I suspect you are barking up the wrong tree. Companies generally don't break out subs in that sort of detail so I'm thinking the question isn't a finance / accounting question. Plus, foreign currency translation under GAAP tends to distort what is really going on anyway.

My guess is the question is more of a soft - type question about integrating different cultures, or possibly a question regarding pricing and deriving a demand curve - though getting that data will be tough too.

If you are absolutely convinced this requires financial data, call the company and ask for the CFO (not investor relations). Claim you are an analyst for some sell side firm (make up a name for one). Say it is a start up boutique targeting clients who are interested in biotech and growth health care stocks. This may well get his attention because Johnny John is a slow grower who covets a growth stock multiple and desperately wants to be perceived as a growth stock. It might be enough to get him on the phone. Trouble is, you have to know exactly what info you need because you will probably get a couple minutes with him tops.

Like I said, I think the question doesn't require such data. No B-school would expect a student to call the company and use subterfuge to get some data that hasn't been publicly disclosed.

When doing case studies, you are usually not supposed to do any outside research, the case should have everythng you need.

MBA wrote:

When doing case studies, you are usually not supposed to do any outside research, the case should have everythng you need.

In this case, we are definitely doing outside research. We're supposed to critique what management did, and recommend a better way. Also, ROA, and ROI type of numbers were casually mentioned in the syllabus for this assignment. None of these numbers or any financial data are in the case study itself.

Also, this is for an international business class.

You may be exactly right on the bolded above. This is an international business class. Plus the syllabus casually mentioned ROI and ROA type of numbers. The only numbers I have are market share of the exact products (about 10) over a 5 year period. Nothing else. My teacher's pretty thorough, so I'm either missing the point, or she really wants us to dig in a huge way. Neither would surprise me.

Sorry, I was just hoping for feedback on the last post. Thanks.

wondering......... wrote:

Sorry, I was just hoping for feedback on the last post. Thanks.

Here's your feedback.

"The primary teaching and objectives are (1) to introduce the challenges facing general managers in turnaround situations; (2) to discuss the role of leadership in organizational change initiatives; and (3) to examine leadership strategies for creating effective, sustained organizational change in which employee involvement is a central aim of and vehicle for change."

Read the assignment wrote:

Here's your feedback.

"The primary teaching and objectives are (1) to introduce the challenges facing general managers in turnaround situations; (2) to discuss the role of leadership in organizational change initiatives; and (3) to examine leadership strategies for creating effective, sustained organizational change in which employee involvement is a central aim of and vehicle for change."

I appreciate that, but I'm talking regarding my previous post.

wondering......... wrote:

Read the assignment wrote:

Here's your feedback.

"The primary teaching and objectives are (1) to introduce the challenges facing general managers in turnaround situations; (2) to discuss the role of leadership in organizational change initiatives; and (3) to examine leadership strategies for creating effective, sustained organizational change in which employee involvement is a central aim of and vehicle for change."

I appreciate that, but I'm talking regarding my previous post.

That is a response to your previous post. You wanted confirmation of the earlier post assertion that the prof wants something soft. I gave you the text from the case that suggests that that is the purpose of the assignment.

If the operation in Brazil is a sub, then it is not going to be shown separately unless it retains its own corporate identity. With the former, you will not be able to get the numbers. If it is the latter, you can. If JNJ has control but does not own 100%, you may be able to get some numbers, but it depends on how JNJ handles the books, economic value, parent company, or proportionate. You may be able to find a discussion in the MD&A that will help you.

General Ledger, "wondering........."

10/4/2007

Accounts Recievable Brain

Posting on Letsrun (Liability Account) Brain

Sorry, I couldn't pass it up.