Disclosure Analysis Paper

The consolidated financial statements include the count ons of Wal-Mart Stores, Inc. and its subsidiaries. Significant inter edict proceeding have been eliminated in consolidation. investments in which Wal-Mart has a 20% to 50% voting interest and which Management control are accounted for using the equity method. The management at Wal-Mart has developed and maintains a system of inwrought and disclosure controls, including an extensive internal audited account program. Those controls are designed to provide levelheaded potency 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, discover and modify their systems and programs in response to changes in business conditions and job operations and on the recommendations that are made by Wal-Marts internal and orthogonal auditors. They believe that the system of internal and disclosure c ontrols 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 bullion equivalents. The legal age of payments repayable from banks for third-party credit menu, debit entry card and electronic put on transactions (EBT) process at heart 24-48 hours, except for transactions occurring on a Friday, which are mostly processed on Monday.

on the whole credit card, debit card and EBT transactions that process in less than septette days are classified as funds and cash equival ents. Amounts due from banks for these tran! sactions classified as cash amount $866 million at the end of January 31, 2004. Their accounts receivables inhabit primarily of receivables from indemnification companies generated by their pharmacy sales, receivables from real body politic transactions and receivables from suppliers for marketing or incentive programs. Additionally, amount due from banks for guest credit card, debit card and EBT transactions that throw in excess of seven days... If you want to get a full(a) essay, order it on our website: BestEssayCheap.com

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