Accounting%20 Powerpoint[1]
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ACCOUNTANT
Johnson Controls
History
Founded By Warren S. Johnson in 1883 Invention of the 1st room thermostat
Company renamed Johnson Controls in 1974
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).
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
Accountant Responsiblities
Coordinate company’s monthly financial statements
Ensure financial statements accord with GAAP
Prepare annual/quarterly report disclosures to auditors
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
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).
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