GENERAL MILLS, INCORPORATED A Cost Accounting Analysis COMPANY BACKGROUND General Mills (GSI) is the sixth largest food company in the world. The company currently operates in more than 100 foreign countries and employs over 35,000 people. . GSI manufactures and markets branded consumer foods worldwide and supplies branded and unbranded food products to the foodservice and commercial baking industries. The company manufactures cereals, yogurt, ready-to-serve soup, dry dinners, frozen vegetables
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General Mills’ Acquisition of Pillsbury from Diageo PLC Lauren Sherlock Jason Park JP Zendman 12/9/2009 General Mills’ Acquisition of Pillsbury from Diageo PLC Situation Analysis: In December 2000, management at General Mills (GM) proposed a plan to acquire Pillsbury, a bakedgoods producer, in a stock-for-stock exchange. Pillsbury is currently controlled by Diageo PLC, one of the world’s leading consumer–goods companies. The deal specifies that General Mills is to create and thus issue additional
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General Mills Today alone General Mills will provide 60 million servings of ready-to-eat cereal, 27 million servings of Yoplait dairy products, 5 million Pillsbury Cookies, and 1 million servings of Häagen-Dazs ice cream. These impressive numbers prove what a large and varied food company General Mills is. Throughout the semester we researched and analyzed General Mills from four different angles. These include a business model analysis, accounting and accounting risk analysis
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General Mills case study Concepts A) General Mills is a global food company. The main products of the company are baking products, frozen products, ready-to-eat cereals, snacks, etc. The company sells its products to supermarkets, groceries, and wholesalers. The company makes money by introducing new products in the market. B) The financial statements that are commonly prepared for external reporting purposes are balance sheet, statement of cash flow, statement of shareholder’s equity and income
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sustainability initiatives. How do you think their efforts have impacted company profits? General Mills has shared its Global Responsibility Report to the public for the past 45 years. The report outlines the company’s approach to creating economic, environmental and social value in the countries it operates. Their goal is nourish lives and make an impact on our communities through various outlets. In 2005, General Mills implemented its US Health Matric. Since then, they have nutritionally improved more
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General Mills (NYSE: GIS) is not just a cereal maker, it is one of the largest packaged food producers in the world. Starting as a successful flour mill near the Mississippi River, it has grown to own some of the most recognizable brands, including Cheerios, Wheaties, Progresso Soup, Hamburger Helper, and Fruit Roll-Ups. Some of its #1 and #2 market-leading brands are Better Crocker, Gold Medal, Green Giant, Pillsbury, and Yoplait. General Mills operates in more than 130 countries worldwide and
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Employees Gobble up the benefits at General Mills #1. What employee benefits that are not described in this case would you expect to be important to employees at General Mills? Why do you think that they are not mentioned? Salaries, Employee Benefit Basics Retirement Options Training and Assistance Compensation Packages Health Insurance Family Benefits, Ancillary Insurance Time Off Wellness Initiatives Job training and retirement compensation should be most important benefits to GM employees
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In 1989, the General Mills management team became aware of expansion opportunities in today’s environment of globalization. The stagnation in the cereal market in the United States required the company to expand into new global markets. The philosophy of diversification had for the most part been a success resulting in the expansion into five unrelated industrial areas. Historically the companies’ efforts to branch into some areas outside the food area are of concern. These unrelated areas of growth
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Simeng Zeng INTL 190 Professor Quinney April 10, 2013 Assignment #2: Finding the Global in the Local Thomas Friedman asserts that the word is flattening by the increasing development of technology, which transforms the human experience of time and space. With the process of globalization, the interaction among people in the world has changed from country level to company level, then to individual level. The world is flattened in a way that barriers such as time and space are disappearing
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CHAPTER 1 INTRODUCTION 1.1 Background of the Study In this age of industrialization and globalization, the importance of electricity is unquestionable. Considered as one of the basic needs of mankind, it is essential not only in performing household tasks or maintaining livelihood activities, but also in improving people’s well-being. Through electrification, people have greater access to productivity and developments in technology, infrastructure, health, education, communication, and even
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