accounting%20 powerpoint[1]
DESCRIPTION
Overview of accountant resposibilties at Johnson Controls for Communications 105TRANSCRIPT
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ACCOUNTANT
Johnson Controls
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History
Founded By Warren S. Johnson in 1883 Invention of the 1st room thermostat
Company renamed Johnson Controls in 1974
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Company Info.
Headquarted in Glendale, Wisconsin
140,000 employees in 75 countries
(2,500 employeed in Milwaukee)
Vision: A more comfortable, safe and sustainable world
(Company profile, 2008).
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Company Info. Continued
Provides automotive interiors *GM, Daimler Chrysler, and Ford
Provides batteries for automobiles and hybrids * Advanced Auto, Auto Zone, Pep Boys, Wal-Mart
Building energy and security solutions
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Accountant Responsiblities
Coordinate company’s monthly financial statements
Ensure financial statements accord with GAAP
Prepare annual/quarterly report disclosures to auditors
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JOHNSON CONTROLS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(in millions; unaudited)
June 30, September 30,
2008 2007
ASSETS
Cash and cash equivalents $255 $674
Accounts receivable - net 6,647 6,600
Inventories 2,291 1,968
Other current assets 1,899 1,630
Current assets 11,092 10,872
Property, plant and equipment - net 4,385 4,208
Goodwill 6,425 6,131
Other intangible assets - net 779 773
Investments in partially-owned affiliates 859 795
Other noncurrent assets 1,701 1,326
Total assets $25,241 $24,105
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt and current portion
of long-term debt $882 $1,163
Accounts payable and accrued expenses 6,419 6,440
Other current liabilities 2,434 2,317
Current liabilities 9,735 9,920
Long-term debt 3,247 3,255
Minority interests in equity of subsidiaries 156 128
Other noncurrent liabilities 2,106 1,895
Shareholders' equity 9,997 8,907
Total liabilities and
shareholders' equity $25,241 $24,105
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Salary Compensation
1-3 years of experience $36,000-$60,000
3 years + $60,000-$200,000+
(Bureau of Labor Statistics: U.S. Department of Labor, 2007).
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Qualifications to apply
Bachelor’s degree in accounting
CPA certification (150 credit hours) Undergrad + Master’s degree
A min. of 5 years experience Public or private accounting industry