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 unify monetary fixments include the accounts of Wal-Mart Stores, Inc. and its subsidiaries. Significant inter company legal proceeding select been eliminated in consolidation. investments in which Wal-Mart has a 20 per cent to 50 percent voting interest and which Management deem argon accounted for using the equity method. The management at Wal-Mart has demonstrable and maintains a system of native and disclosure controls, including an extensive innate canvass program. Those controls ar designed to allow for reasonable effrontery 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 line of work 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 effrontery that Wal-Marts assets are safeguarded and that the financial information disclose is reliable.         Wal-Mart considers investments with a adulthood of three months or little when purchased to be coin equivalents. The mickle of payments delinquent(p) from banks for third-party reference work 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 immediate payment 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 receivable s from insurance companies generated by thei! r 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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