Financial Statement Analysis

Target
(in millions)
Total Revenue: $65,357
Total Expenses: $16,622    25.4%
Net Income: $2,488           3.8%

Walmart
(in millions)
Total Revenue: $401,244
Total Expenses: $78,551    19.6%
Net Income: $13,400         3.3%

Walmarts expenses are less than Targets, but Targets net income is greater.

Article Review

Hodnett, Cynthia. "Re-Energized and Re-Inspired." On Balance Date: Nov/Dec 2009 Page:5

In this article Cyntha talks about her first AICPA Interchange Conference in Orlando, Fla. She explains what you do at the conference. She did a lot of networking, and she listened to guest speakers. One guest speaker she mentions is David M. Walker who talks about the economy. He believes the federal government over the years has "overpromised and under-delivered". He also says that politicians not longer have the trust of the public, and the federal government needs credible and kowledgeable professionals to tell the truth. At the end of the article Cynthia explains how attending the Interchange gave her a new perspective about the CPA profession.

Fiscal Period

I chose Target for my company because I like to shop there and there are many Targets across the United States.
The link for where I found the financtial statements is: http://media.corporate-ir.net/media_files/irol/65/65828/AP_Hi.pdf.
The fiscal period starts on February 1st and ends on January 31st the of every year.
I think that they end the fiscal period at the end of January because it is after Christmas and everyone has returned the items they do not want by the end of January.