After evaluating three different companies below, give thought to why footnotes require more than numbers.

Walmart's annual reports

https://www.sec.gov/ix?doc=/Archives/edgar/data/104169/000010416922000012/wmt-20220131.htm#i1ba69ebb72ec48f9b754a5e96c4cdf3f_139

Alphabet Inc.'s quarterly reports

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001652044/000165204422000029/goog-20220331.htm#if498f6f02e5a474790944835d386b56b_16

Tesla, Inc.'s annual reports

https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000095017022000796/tsla-20211231.htm#consolidated_balance_sheets

Identify the key elements of footnotes.

What information is typically included in footnotes?

How do companies know what information they need to include in their financial statement footnotes?

Identify the purpose of footnotes.

Why are footnotes important and how are they used with financial statements?

What kind of statement components are footnotes typically prepared for?

Why do financial statements need supplemental information to explain numbers?

Evaluate different company situations and their applications of footnotes.

Include three different companies.

How do the various companies utilize footnotes?

How are companies' situations similar or different?