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Macy's Form 10-K: A Case Study

496 Words2 Pages

The information about the geographic in Macy’s Form 10-k is the properties allocating. They divided the geographic region into North Central, Northeast, Northwest, South and Southwest following the Macy’s operating structure. By January 30, 2016, they have 163, 254, 137, 188, 128 in each region.
a) Corporate governance, ethical issues, and other disclosure:
The Board of Directors are responsible to recommend Corporate Governance Committee. They can select Macy’s Chairman and the Company’s Chief Executive Officer. When they evaluate those candidates, the candidates should meet the qualities of this position, have accomplishment and good reputation in the business community. They have to be responsible to the shareholders. They also have to have the …show more content…

According the “Report of independent Registered Public Accounting Firm” in Macy’s Form 10-K, KPMG LLP states that the consolidated financial statements of Macy’s provided are fairly. In this report KPMG LLP also give us a brief description of their method to evaluating the Macy’s internal control. Their operations and cash flows are accepted by U.S. generally accepted accounting principles. Macy’s internal controls are effective.
c) Extraordinary items and/or goodwill impairment in the past three years:
There is no extraordinary item during 2013-2015. This means there is no more loss due to extraordinary items. This means the investment will be more safe. This is a good news for the shareholders and future investors.
There is no goodwill impairment in from Jan.2015 to Jan. 2016. According to the consolidated balance sheets, in Jan. 2015, goodwill was $3743 million, in Jan. 2016, goodwill increased to $3879 million. (There is no information about the good will of 2014.) This will be a positive effect in the long-term. So from the sight of the extraordinary and goodwill, I think invest this company will be a good

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