Analysis of Wal-Mart Financial Statement for Year Ended January 31, 2004

Analysis of Wal-Mart Financial Statement for Year Ended January 31, 2004         The consolidate monetary areaments include the accounts of Wal-Mart Stores, Inc. and its subsidiaries. Significant inter company proceeding select been eliminated in consolidation. investments in which Wal-Mart has a 20 per penny to 50 percent voting interest and which Management function argon accounted for using the equity method. The management at Wal-Mart has unquestionable and maintains a system of knowledgeable and disclosure controls, including an extensive natural canvass program. Those controls ar designed to come through reasonable cheekiness that the Companys assets are protected from improper use and that Wal-Marts accounting records provide a reliable basis for the preparation of financial statements. They continually review, improve and modify their systems and programs in response to changes in chore conditions and operations and on the recommendations that are made by Wal-Marts internal and outside(a) auditors. They believe that the system of internal and disclosure controls provides reasonable say-so that Wal-Marts assets are safeguarded and that the financial information disclose is reliable.         Wal-Mart considers investments with a overdue date of three months or less(prenominal) when purchased to be notes equivalents. The masses of payments due(p) from banks for third-party attribute card, debit card and electronic advantage legal proceeding (EBT) process within 24-48 hours, except for transactions occurring on a Friday, which are generally processed on Monday. either credit card, debit card and EBT transactions that process in less than seven days are classified as exchange and cash equivalents. Amounts due from banks for these transactions classified as cash totaled $866 million at the end of January 31, 2004.         Their accounts receivables lie in primarily of receivables from insurance companies generated by their ! pharmacy sales, receivables from real state transactions and receivables from suppliers for marketing or incentive programs. Additionally, amount due from banks for customer... If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay