Wal-Mart King of the World Case solution

Wal-Mart King of the World Case solution - Wal-Mart's 2004...

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1 Financial Accounting Concepts Wal-Mart “King of the World” Wal-Mart’s 2004 Annual Report Just how BIG is Wal-Mart? - What is Wal-Mart’s ranking in The Fortune 500? General z Why does Wal-Mart’s Annual Report look like a Cheap Magazine? ± Marketing! z Why does Wal-Mart produce an Annual Report? ± Ultimately cost vs. benefit calculation z Benefits? ± Lower costs of financing ± ay also lower other costs (political, labor, contracting) May also lower other costs (political, labor, contracting) z Costs? ± Direct costs ± Competitive costs
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2 a.k.a. The Statement of Financial Position Balance Sheet – Q1 Q: What does the Balance Sheet port? Find Wal-Mart’s Balance Sheet report? A: The Financing and Investing activities of the firm. Balance Sheet – Q2 z Does the balance sheet measure things as of a point in time or does it measure things over a period of time? ± “ napshot” at a oint in time Snapshot at a point in time z What are the three basic elements of Wal-Mart’s balance sheet? Balance Sheet – Q3 ± Assets ± Liabilities ± Owners’ Equity k a Shareholders’ Equity (a.k.a. Shareholders Equity, Stockholders’ Equity, Equity) Wal-Mart’s Jan. 31, 2004 Balance Sheet ssets Assets Liabilities Shareholders’ Equity
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This note was uploaded on 06/23/2008 for the course ACCT 410x taught by Professor Bonner during the Spring '06 term at USC.

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Wal-Mart King of the World Case solution - Wal-Mart's 2004...

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