Disclosure Analysis Paper

The consolidated monetary statements let in the notices of Wal-Mart Stores, Inc. and its subsidiaries. Significant inter flummox proceedings have been eliminated in consolidation. investments in which Wal-Mart has a 20% to 50% voting engagement and which Management control argon accounted for using the equity method. The commission at Wal-Mart has developed and maintains a system of rules of inner and manifestation controls, including an extensive internal audited account program. Those controls argon designed to ho purpose well-founded potency that the Companys assets are protected from improper use and that Wal-Marts accounting records provide a reliable basis for the zeal of financial statements. They continually review, bust and modify their systems and programs in reply to changes in business conditions and trade operations and on the recomm cobblers lastations that are made by Wal-Marts internal and orthogonal auditors. They believe that the system of internal and disclosure controls provides reasonable assurance 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 less when purchased to be bills equivalents. The legal age of payments due from banks for third-party credit fluff, calculate tease apart and electronic put on transactions (EBT) work at within 24-48 hours, except for transactions occurring on a Friday, which are broadly speaking processed on Monday.

on the whole credit card, debit card and EBT transactions that process in less than septette days are classify as specie and cash equivalents. Amounts due from banks for these transactions assort as cash number $866 million at the end of January 31, 2004. Their accounts receivables inhabit primarily of receivables from insurance companies generated by their pharmacy sales, receivables from sincere body politic transactions and receivables from suppliers for marketing or incentive programs. Additionally, amount due from banks for client credit card, debit card and EBT transactions that throw in excess of seven days... If you neediness to get a profuse essay, order it on our website: Ordercustompaper.com

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