Walmart's Accounting Principles

1090 Words Dec 29th, 2012 5 Pages
Four Accounting Principles

Sharon Wallace

American Intercontinental University

Accounting Principles

2012

Four Accounting Principles

ABSTRACT
Accounting principles used by Wal-Mart and the core function of its departments. Wal-Mart’s strength and weaknesses will be listed. Wal-Mart’s last two years of accounting statements are also present.

FOUR ACCOUNTING PRINCIPLES There are four key assumptions in the generally accepted accounting principles. The key assumptions in generally accepted accounting principles are business entity, going concern, monetary unit and time period principle. Wal-Mart uses
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You should present all the facts you are aware of without any of your personal opinion, bias, or judgment to make the investigation true. I believe this is a good way to keep a corporation honest is by encouraging people to contact the right people if they believe you are not being honest.(Wal-Mart stores, 2012). According to Wal-Mart’s financial statement they are following these guide lines they also show you their debt. 2011 | |
2010 | |
2009 | |
2008 | |
2007 |

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Operating Results (1)
Net sales
Net sales increase
Comparable store sales in the United States (2)
Wal-Mart U.S.
Sam’s Club
Gross profit margin | | $418,952
3.4%
-0.6%
-1.5%
3.9%
24.7% | | $405,132
1.0%
-0.8%
-0.7%
-1.4%
24.9% | | $401,087
7.3%
3.5%
3.2%
4.9%
24.2% | | $373,821
8.4%
1.6%
1.0%
4.9%
24.0% | | $344,759
11.6%
2.0%
1.9%
2.5%
23.4% |

Operating, selling, general and administrative expenses, | |

as a percentage of net sales
Operating income
Income from continuing operations attributable to Wal-Mart | | 19.3%
$ 25,542
15,355 | | 19.7%
$ 24,002
14,449 | | 19.3%
$ 22,767
13,235 | | 19.0%
$ 21,916
12,841 | | 18.5%
$ 20,552
12,224 |

Net income per share of common stock:
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