Disclosure Analysis Paper

The consolidated financial statements include the storys of Wal-Mart Stores, Inc. and its subsidiaries. Significant inter society proceedings have been eliminated in consolidation. investments in which Wal-Mart has a 20% to 50% voting interest and which Management control atomic number 18 accounted for using the equity method. The management at Wal-Mart has developed and maintains a system of immanent and disclosure controls, including an extensive internal audited account program. Those controls be designed to provide logical 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, improve and modify their systems and programs in response to changes in business conditions and duty operations and on the recommendations that are made by Wal-Marts internal and orthogonal auditors. They believe that the system of internal and disc losure 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 immediate payment equivalents. The legal age of payments repayable from banks for third-party credit identity card, debit entry card and electronic put on transactions (EBT) process indoors 24-48 hours, except for transactions occurring on a Friday, which are in the main processed on Monday.

on the whole credit card, debit card and EBT transactions that process in less than cardinal days are classified as funds and c! ash equivalents. Amounts due from banks for these transactions classified as cash add up $866 million at the end of January 31, 2004. Their accounts receivables inhabit primarily of receivables from damages 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 node credit card, debit card and EBT transactions that throw in excess of seven days... If you want to get a mount essay, order it on our website: BestEssayCheap.com

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