Identify different assets$/$liabilities that are measured by $($a$)$ historical costs, $($b$)$ market value, $($c$)$ net realizable value, and $($d$)$ present value.

Discuss three ways in which you see application of the financial reporting conceptual framework at Walmart.

Through research and $($where appropriate$)$ visits to a local Walmart location, identify five internal controls activities that have been implemented to prevent misappropriation of assets or fraudulent financial reporting. Do you think these internal control activities are effective? Do they address issues surrounding fraud risk? Please provide an explanation and present suggestions to improve internal controls effectiveness in the Walmart store.

Describe how Walmart could use responsibility accounting performance reports to effectively manage its more.