Acc 290 Week 5 Learning Team Assignment Paper

\A Review of Wal-Mart's Fiscal Year 2013 (FY-13) Financial Statement

Two important parts of company's financial statement are the balance sheet, that list of the company's asset and liabilities at the end of a period and the income statement that is also referred to as the profit-and-loss statement or statement of revenue and expense because it shows the company's financial performance during the period ("Income Statement,"n.d.). Wal-Mart's FY-13 financial statement for the period ending on 31 January 2013 shows that they had over 203 million in total assets and provides details of just how that amount came to be.

Breaking Down the Income Statement and Balance Sheet

Wal-Mart has proven time and time again that it is one of the United States...