Reference no: EM132625478

Question 1: Describe the overall financial health of Walmart. Do the reports show an increase in net income, total revenues, total assets, and earnings per share?

Question 2: State the total retained earnings and total stockholders' equity.

Question 3: How many shares of common stock have been issued and how many are outstanding?

Question 4: Identify different assets/liabilities that are measured by (a) historical costs, (b) market value, (c) net realizable value, and (d) present value.

Question 5: Discuss three ways in which you see application of the financial reporting conceptual framework at Walmart.

Question 6: Through research, identify five internal controls activities that have been implemented to prevent misappropriation of assets or fraudulent financial reporting. Do you think these internal control activities are effective? Do they address issues surrounding fraud risk? Please provide an explanation and present suggestions to improve internal controls effectiveness in the Walmart store.

Question 7: Describe how Walmart could use responsibility accounting performance reports to effectively manage its more than 11,000 stores and 2 million employees. What are the basic components of these performance reports?