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Nordstrom 10k Report

1392 Words6 Pages

1. Nordstrom 10k report is for the fiscal year ended in January 28, 2017, and it includes everything that impacts the company. For example, it contains information about the business aspect, management, legal and procedures, financial, risk factors, controls and procedures, Principal accounting fees and services, financial statements and supplementary data, qualitative and quantitative disclosures about market risks, executive compensation, etc. 2. Nordstrom is one of the leading fashion specialty retailers that is based in the United States. It operates in 40 States in the U.S, and it has 166 registered trademarks. Nordstrom has the largest presence in the west and East Coast of the U.S. Nordstrom has a fulfillment center in Iowa that ships …show more content…

Nordstrom has an unqualified opinion because the consolidated financial statement presents fairly, in all material respects, the financial position of Nordstrom in conformity with Generally Accepted Accounting Principles in the United States. 4. The fist statement is the Consolidated Statements of Earnings, and its purpose is to compare the current year net sales, revenues, expenses to the previous years. It tells Nordstrom whether it makes budget. And It is also served as a guideline in predicting the expected sales for the upcoming years. Three years of data are presented in the consolidated statements of earnings. The periods are 2016, 2015, and 2014. 5. The second statement is consolidated statements of comprehensive earnings. It summarizes the financial state of Nordstrom, and its purpose is to provide information regarding the financial performance of Nordstrom. It also showcases the changes in net earnings from 2014 to 2016. Three years of data are presented in the consolidated statements of comprehensive earnings. The periods are 2016, 2015, and …show more content…

The fourth statement is consolidated statement of shareholders’ equity. Its purpose is to measure Nordstrom’s shareholders’ equity and ownership of Nordstrom. It also highlights the changes in the Nordstrom’s stock value and earnings from a specific period. It covers four years of data which is February 2014, January 2015, January 2016 and January 2017. 8. The fifth statement is consolidated statement of cash flows. Its purpose is to showcase Nordstrom cashflows activities, such as operating, investing, and financing. The statement of cash flow is concerned with the cash inflows and outflows of Nordstrom. It is also concerned with Nordstrom’s ability to pay bills. As a result, lenders and creditors can see if Nordstrom is able to repay loans. Three years of data are presented, and it covers 2014, 2015, and 2016 periods. 9. Nordstrom fiscal year ended January 28, 2017. Nordstrom operates in retail store, credit operation, Nordstrom rack, and catalog & Internet segments. The credit operation segment includes a visa credit and debit card for Nordstrom

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