Deloitte Fortune 500
According to trusty old wikipedia the Fortune 500 is
“an annual list compiled and published by Fortune magazine that ranks 500 of the largest U.S. corporations by total revenue for their respective fiscal years. ”
— Wikipedia https://en.wikipedia.org/wiki/Fortune_500
It also says that the list is composed of public and privately held companies. Unfortunately Deloitte is not ranked in the Fortune 500. Too sad. Don’t worry though!!! They should be ranked in the Fortune 500. Deloitte is a large private company in the United States, so they should be on the list.
Maybe they don’t have enough revenue to be on the list? Well, no that can’t be true because they have more than enough revenue to be on the list. Why do I say that? Well let’s analyze it further.
First on the list is Walmart with well over $400 billion in revenues for their last fiscal year.
Let’s take a look at Deloitte’s latest fiscal year revenues to understand where they might land.
As of their last global financial report, Deloitte earned 2016 revenues of $36.8 billion internationally.
Let’s trace back to the Fortune 500 list to see where that amount of revenue might land.
If you take a look at the Fortune 500 rankings, it appears that Deloitte would land between two large insurance companies. They would be between Allstate and United Airlines. Allstate had $35.7 billion in revenue for their latest fiscal year. United Airlines earned about $37.9 billion in revenue, so we could say that Deloitte would be above Allstate.
Since Deloitte would replace Allstate in this ranking that means that Deloitte would earn a ranking of 81 on the Fortune 500.
That is not too shabby because it puts them in the Top 100 of companies of the Fortune 500. That is the top 20% of all earnings of major corporations which is not too bad.
Understanding bitcoin and other cryptocurrencies is important for accountants as they will soon have to audit blockchains and audit companies that deal in cryptocurrencies. In today’s post, we are going to be covering the
What is the E&Y entrepreneur of the year award and why does it matter? It is a contest held by EY each year. You might have seen EY tweet about it frequently. ey
The impacts of the KPMG South Africa scandal have reached a disastrous level. The headcount of KPMG South Africa will drop by 400 employees after the recent accounting scandals in south Africa. The accounting
There is news that the big 4 accounting firms are interested in offering a new type of partnership. This means that there is a new path to big 4 accounting firm partner in 2018.