Acc 205 Final Paper

1538 Words Mar 4th, 2015 7 Pages
Walmart Corporation (Financial Overview)
William Jones
ACC205: Principles of Accounting
Instructor: Emmett Denham
Date: 2/09/2015

While inaccurate accounting can cause misleading information about the company, every successful company should develop an income statement and balance sheet when monitoring financial growth. Also, formulating a horizontal and ratio analysis creates an accurate trend of the company spending behavior and debt-to-ratio venerability. A balance sheet can be considered as the bloodline of the company, allowing a quick view of financial fluency which could be attractive to outside investors. Last but not least, the income statement presents a hard result of gains, liabilities, revenues and debt within a yearly
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The horizontal analysis is formatted by comparing two years of financial statements calculating the percentage along with the dollar amount.
Walmart Corporation Balance Sheet (3 yrs.) Amounts are recorded in Billion Dollar amount. | | | | %Adjusment | %Adjustment | | | | | | | | Jan. 2012 | Jan. 2011 | Jan. 2010 | | | Current Assets | $6.55 | $7.40 | $7.91 | 11.43% | -6.48% | Net Receivables | $5.94 | $5.09 | $4.14 | 16.66% | 22.80% | Inventory | $40.71 | $36.44 | $32.71 | 11.74% | 11.38% | Other Current Assets | $1.77 | $3.09 | $3.27 | 42.61% | -5.42% | Total Current Assets | $54.98 | $52.01 | $48.03 | 5.70% | 8.29% | Property Plant and Equipment | $112.32 | $107.88 | $102.31 | 4.12% | 5.45% | Goodwill | $20.65 | $16.76 | $16.13 | 23.19% | 3.95% | Other Assets | $5.46 | $4.13 | $3.94 | 32.14% | 4.74% | Total Assets | $193.41 | $180.78 | $170.41 | 6.89% | 6.09% | | | | | | | Accounts Payable | $55.93 | $52.53 | $50.53 | 6.46% | 3.96% | Short & Current Long Term Debt | $6.35 | $6.02 | $4.92 | 5.41% | 22.42% | Other Current Liabilities | $0.03 | $0.05 | $0.09 | 44.68% | -48.91% | Total Current Liabilities | $62.30 | $58.60 | $55.54 | 6.31% | 5.51% | Long Term Debt | $47.08 | $43.84 | $36.40 | 7.38% | 20.44% | Deferred Long Term Liability Charges | $7.86 | $6.68 | $5.51 | 17.66% | 21.31% | Minority Interest | $4.45 | $2.71 | $2.18 | 64.36% | 24.08% | Total Liabilities | $121.69 |

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