'DIAGEO' Financial Report 2023

Seminar paper from the year 2024 in the subject Business economics - Accounting and Taxes, grade: 1,3, University of Bamberg (Finanace & Accounting), course: Advanced International Financial Report, language: English, abstract: This Paper is a report about DIAGEO's 2023 financial statement. It highlights the company's various macroeconomic, industrial and Firm events and enumerate their potential implications for the accounting policies and reporting of the company. It also shows whether DIAGEO fully complies all required disclosures of its accounting policies (IAS 16; IAS 38; IFRS 3; IAS 36 and IAS 2). DIAGEO is a British company founded in December 1979 by the merger of Grand Metropolitan (GMP) and Guinness. Diageo aspires to be among the world's most prosperous, dependable, and esteemed consumer goods companies. Diageo prioritizes team engagement while adhering to defined strategies like efficient growth, consistent value creation, and valuing credibility and trust. Diageo has experienced a range of external, industry, and macroeconomic events over the years that have impacted the business. This document will enumerate these incidents along with any potential implications for the accounting policies and reporting of the company.