Question
Walmart uses US GAAP while Carrefour uses IFRS to present and prepare their financial statements. Review their financial statement footnotes and disclosures . Questions:
Walmart uses US GAAP while Carrefour uses IFRS to present and prepare their financial statements.
Review their financial statement footnotes and disclosures.
Questions:
- What are each company's asset valuation policies?
- Are they accounted for differently under IFRS and U.S. GAAP?
- What are these differences?
- Evaluate the outcome of these differences on the financial statements of each company.
- Do you belive the information presented is sufficient for investors?
References:
Carrefour's 2022 Financial Statements https://www.carrefour.com/en/finance/financial-publications
Walmart's 2022 Annual Report https://corporate.walmart.com/media-library/document/walmart-inc-2022-annual-report/_proxyDocument?id=00000180-4cfc-d3b6-afe6-6dfdc89a0000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
