Walmart uses US GAAP while Carrefour uses IFRS to present and prepare their financial statements Review their financial statement footnotes and disclosures Questions What are each company 's asset valuation policies Are they accounted for differently under IFRS and U S GAAP What are these differenc...

The Answer is in the image, click to view ...

Walmart uses US GAAP while Carrefour uses IFRS to present and prepare their financial statements. Review their

Fantastic news! We've Found the answer you've been seeking!

Question:

Walmart uses US GAAP while Carrefour uses IFRS to present and prepare their financial statements.

Review their financial statement footnotes and disclosures.

Questions:

What are each company's asset valuation policies?
Are they accounted for differently under IFRS and U.S. GAAP?
What are these differences?
Evaluate the outcome of these differences on the financial statements of each company.
Do you belive the information presented is sufficient for investors?

References:

Carrefour's 2022 Financial Statements https://www.carrefour.com/en/finance/financial-publications

Walmart's 2022 Annual Report https://corporate.walmart.com/media-library/document/walmart-inc-2022-annual-report/_proxyDocument?id=00000180-4cfc-d3b6-afe6-6dfdc89a0000