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What is the statement of changes in equity, and how can I use the statement of changes in equity to better understand the balance sheet? Heres the fiscal year end consolidated balance sheet of Walmart of 2019. Assets on the left, liabilities and equity on the right. Walmarts fiscal year runs from February through January, hence the balance sheet date of January 31st. The balance sheet is an overview what a company owns and what a company owes at a point in time, and one of its key components is equity: the book value of the shareholder capital. Heres the balance sheet of 2020. You can compare the amount of equity of last years balance sheet to that of this years balance sheet. If you want to know the details of how equity developed from one balance sheet to the next, then the consolidated statement of shareholders equity will help you! It provides an overview of the changes in equity. Looking at a total change in equity of $1.9 billion compared to a total equity balance of aroun
