The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c...
Give an example:Recently I proposed and launched an internal training about company’s financial system and new tax policies. Especially focus on invoice management and business-related new policies.I think this action first gained the support from the upper echelon and then called out all staff participate in. It literally was a successful attempt. China has been currently under the tax reform. Business tax which existed for 68 years retired formally from the stage of history. We are entering into an era of the overall add-value tax and under scrutiny of tax "big data" .Because of the implementation of the tax reform less than 2 years, the new tax policies are being introduced continually, and our knowledge should catch up with accordingly. So this training was just imperative.The goals are to mitigate the workload of financial department and improve the understanding of company operation. A time when my behavior was influenced: During the training, some staff asked questions due to lack of the same background knowledge. Some staff were reluctant to attend cause of different reasons and then I felt frustrated. But I thought that to communicate new invoice management and set up standard procedures were the priority.I just ignored some disrupting elements and stayed focused. My influencing factorsMy influencing factors , in my opinion, included my expertise in tax issues,the awareness owned by management layers about costs and benefits of complying with state tax framework,among other daily routines, invoice management has huge effect on every staff. |
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