cac-monsanto

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• Accounting policies on: •Revenue Recognition: The company derives most of its revenues from the following sources: Sales of all branded conventional seed, the revenues from all branded seed sales are recognized when the title to the products is transferred; agricultural chemical products, revenues from agricultural chemical products are recognized when title to the product is transferred. •Cash: All highly liquid investments are considered cash equivalents. Short- term investments: are located in equity securities , which are considered available for sale. They are carried at fair value, with unrealized gains and losses reported in the Statements of Consolidated Shareowner’s Equity. Inventories: are stated at the lower of cost or market, and the inventory reserve reduces the cost of inventory Property, Plant, and Equipment: property, plant, and equipment is recorded at cost. Additions and improvements are capitalized.
Monsanto follows SFAS No. 143 Accounting for Asset Retirement Obligations, which addresses financial accounting for and reporting costs and obligations associated with the retirement of tangible long-lived assets. Topics of the notes to accounting policies Revenue Recognition Shipping and Handling Costs Cash and Cash Equivalent Research and Development Costs Accounts Receivable Marketing and Advertising Costs Long-term Investments Fair Values of Financial Statements Income taxes Goodwill Guarantees Other Intangible Assets Litigation and other Contingencies Inventory Valuation Property, Plant, and Equipment Environmental Remediation Liabilities Foreign Currency Translation Derivatives and Other Fin. Instruments Pension and Postretirement plans Adoption of SFAS 158 Stock-based Compensation
Page 2 and 3: Executive Summary During the year
Page 4 and 5: Part A. Audit Report Deloitte & To
Page 6 and 7: Monsanto is planning to innovate it
Page 8 and 9: •The following table shows the ac
Page 12 and 13: Part E. Financial Analysis Liquidit
Page 14 and 15: Part E. Financial Analysis Profitab
Page 16: Part E. Financial Analysis Market S

cac-monsanto

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