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 fused monetary evincements include the accounts of Wal-Mart Stores, Inc. and its subsidiaries. Significant inter company minutes select been eliminated in consolidation. investments in which Wal-Mart has a 20 per cent to 50 percent voting interest and which Management affirm argon accounted for using the equity method. The management at Wal-Mart has unquestionable and maintains a system of intimate and disclosure controls, including an extensive native canvass program. Those controls ar designed to lead reasonable encrustation 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 assembly line 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 bureau that Wal-Marts assets are safeguarded and that the financial information disclose is reliable.         Wal-Mart considers investments with a maturity of three months or less(prenominal) when purchased to be capital equivalents.

The hatful of payments overdue(p) from banks for third-party quotation card, debit card and electronic advantage transactions (EBT) process within 24-48 hours, except for transactions occurring on a Friday, which are generally proce ssed on Monday. either credit card, debit ! card and EBT transactions that process in less than seven days are classified as bullion 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

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