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

Analysis of Wal-Mart Financial Statement for socio-economic class Ended January 31, 2004         The consolidated pecuniary statements include the accounts of Wal-Mart Stores, Inc. and its subsidiaries. Significant conceal company proceedings ask been eliminated in consolidation. investments in which Wal-Mart has a 20 per cent to 50 percent voting sideline and which Management control argon accounted for using the equity method. The wariness at Wal-Mart has developed and maintains a system of internal and divine revelation controls, including an extensive internal test program. Those controls ar designed to issue reasonable impudence that the Companys assets be protected from improper intention and that Wal-Marts accounting records provide a reliable basis for the zeal of financial statements. They continually review, make better and modify their systems and programs in rejoinder to changes in business conditions and trading operations and on the recomm differenceations that are do by Wal-Marts internal and outside(a) auditors. They mean that the system of internal and disclosure controls provides reasonable assurance that Wal-Marts assets are safeguarded and that the financial information snitch is reliable.         Wal-Mart considers investments with a maturity of terzetto months or less when purchased to be cash equivalents.

The volume of payments due(p) from banks for third-party citation card, calculate card and electronic advantage proceeding (EBT) do within 24-48 hours, except for transactions occurring on a Friday, which are generally fulfilled on Monday. either credit card, debit card and EBT transactions that process in less than cardinal days are separate as cash and cash equivalents. Amounts due from banks for these transactions classify as cash number $866 million at the end of January 31, 2004.         Their accounts receivables lie in mainly of receivables from insurance companies generated by their apothecarys shop sales, receivables from real state transactions and receivables from suppliers for marketing or fillip programs. Additionally, amount due from banks for customer... If you postulate to get a lavish essay, order it on our website: Ordercustompaper.com

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