Join Earl Kay Stice for an in-depth discussion in this video Balance sheet example, part of Accounting Foundations.
We've talked about the balance sheet.…Now let's look at an actual balance sheet.…We've got the actual balance sheet for Walmart.…Now you should say, "How did he get his hands…"on the actual balance sheet for Walmart,…"and is it even legal for me to be looking at this?"…Yeah!…Remember, we're talking about financial accounting.…Financial accounting reports are reports…released to people outside the company.…Are you outside the company? Probably.…Am I outside the company? Yeah.…So we can be looking at this.…I actually downloaded these reports…from the archives of the U.S. government.…Walmart is required to send in their balance sheet…every single year.…
In fact, every 3 months they have to send it in.…Here we've got it.…Don't worry. You're not breaking any laws.…We're looking at Walmart's balance sheet.…Here's a listing of their assets as of January 31,…2012 on the left side; 2011 on the right side there.…There it is, their assets.…Look at the first one, cash.…Do we know what that is? Sure.…Turns out we know what a lot of these are.…
- What is accounting?
- Working with balance sheets and income statements
- Determining the costs of products
- Performing break-even analysis
- Determining average and marginal tax rates
- Understanding tax deductions and credits
Skill Level Appropriate for all
1. Basics of Accounting
2. Financial Accounting
3. Managerial Accounting
4. Income Taxes
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