Based on walmart 2017 annual report, how to tell if walmart is using gaap or ifrs and explain in details.
On the basis of Walmart’s 2017 annual report we can see that the company is using GAAP.
Walmart, in its 2017 annual report, has included RoA (return on assets) in its financial report, in accordance with the generally accepted accounting principles (GAAP). This has been mentioned on page 22 of the company’s 2017 annual report.
Secondly the company, in page 22 of its annual report, states that its calculation of ROI (return on investment) is considered a non-GAAP measure as it calculates ROI using financial measures that exclude and include amounts that are included and excluded in the most directly comparable financial measure that is calculated and henceforth presented as per the provisions of GAAP.
The company also provides free cash flow figures while stating that this is a non-GAAP financial measure (page 23 of the 2017 annual report).
Based on walmart 2017 annual report, how to tell if walmart is using gaap or ifrs...
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