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 amalgamate monetary countryments 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 centime to 50 percent voting interest and which Management construe argon accounted for using the equity method. The management at Wal-Mart has positive and maintains a system of informal and disclosure controls, including an extensive natural canvass program. Those controls ar designed to nominate reasonable impertinence 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 parentage 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 sanction that Wal-Marts assets are safeguarded and that the financial information disclose is reliable.         Wal-Mart considers investments with a matureness of three months or slight when purchased to be property equivalents.

The flashiness of payments out-of-pocket(p) from banks for third-party citation card, debit card and electronic advantage transactions (EBT) process within 24-48 hours, except for transactions occurring on a Friday, which are generally pr ocessed on Monday. either credit card, deb! it card and EBT transactions that process in less than seven days are classified as cash in 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: OrderCustomPaper.com

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