Locate the most recent annual report of Carrefour Group, the French retail company and the second largest
Question:
Locate the most recent annual report of Carrefour Group, the French retail company and the second largest retailer in the world, on the company’s website: www.carrefour.com. You will find an electronic copy of the annual report in the “Finance: Publications and Presentations” section of the website. The report is in two parts: a summary “annual” report, and the more detailed “financial” report.
Required:
1. What types of financial information are contained in the “annual” report?
2. Besides the financial statements and related notes, what other types of information are contained in the “financial” report?
3. What types of financial statements are included in the “financial” report?
4. What country’s GAAP rules does Carrefour’s follow in preparing its financial statements?
5. How does the Carrefour’s statement of financial position (balance sheet) differ from those of U.S. companies?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
Step by Step Answer:
Requirement 1 The companys 2008 annual report contains summary consolidated financial statements of ...View the full answer
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
