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Choose one company from the Milestone List of Publicly Traded Companies document in the Supporting Materials section and write a professional accounting report on the
Choose one company from the Milestone List of Publicly Traded Companies document in the Supporting Materials section and write a professional accounting report on the chosen company. From the EDGAR website, navigate to Selected Filings and click on K annual reports and Q quarterly reports Choose the most recent annual report. Use the consolidated financial statements, which are located throughout the report.
Specifically, you must address the following rubric criteria:
Summarize the background of your company. Include the following in your response:
Financial origin
Purpose of company
Describe the flow of financials using the most current reporting available. Include the following in your response:
GAAP within the flow of financials
Net income
Ending balance of the statement of retained earnings
Ending balance of the balance sheet
Identify the total current assets from the financial statements. Consider the following in your response:
Cash
Receivables
Inventory
Identify the total current liabilities from the financial statements. Consider the following in your response:
Accounts payable
Sales tax payable
Payroll tax payable
Analyze the companys current assets and liabilities from information from the financial statements. Consider the following your response:
GAAPs impact on the reporting of current assets and liabilities
Financial success of this company
For Walmart
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