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Described above to evaluate walmart accounting quality

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Question: The exhibits of Integrative Case 1.1 (Chapter 1) present the financial statements for Walmart for 2012 to 2015. In addition, the website for this text contains Walmart's December 31, 2015, Form 10-K. You should read the management discussion and analysis (MD&A), financial statements, and notes to the financial statements, especially Note 2, ''Summary of Significant Accounting Policies.

REQUIRED

a. Given your knowledge of Walmart's key success and risk factors, use the note information described above to evaluate Walmart's accounting quality.

b. If you believe that Walmart's accounting policy does not yield measurements of assets and liabilities that reflect economic reality and measurement of net income that is predictive of future earnings, suggest any changes that you would make to assets, liabilities, and earnings to improve accounting quality.

 

Reference no: EM133525368

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