Executive Summary for Wal-Mart

Executive Summary for Wal-Mart Bridgette Smith ACC280/Principles of Accounting November 21, 2010 James E. Gajda Introduction There are super and small businesses all across the country, with many different populace and private accounting firms that handle their accounts. Many of these businesses are raking in millions and millions of dollars a year. Wal-Mart is one of them. We will be exploring Wal-Mart and how it came about as a business, along with examining their balance sheets, income statement, and the cash flow statement. We will also be taking a look at what Wal-Marts current revenues are over the annual coverage periods, and who handles their accounting process. Wal-mart History Wal-mart is a super mart store that sells groceries and precious needs. They sell things such as food, electronics, toys, school supplies, and craft material. It was founded by a businessman named Sam Walton. Walton was business oriented and was spontaneous to purchase large and small businesses if he thought they would piss a profit. In 1962, Walton invested 95% of the capital to open the premiere Wal-mart store in Rogers, Arkansas. In the early 1960s and 70s Walton decided to keep gross revenue prices lower than new(prenominal) department stores. The company by then was reaching sales of over $10 million.

Wal-Mart got its name by Waltons adjunct Bob Bogle. As of now Wal-Mart makes $405 billion dollars in sales a year and can be found in other countries such as Brazil, China, Mexico and Japan. According to Wal-Mart their purpose is for battalion to save money and to help them live better. Wal-Mart is audited by chronicle of Independent Registered Public Accounting firm. Their audits include obtaining an understanding of inner(a) control over financial reporting. Wal-Marts ticker symbol is WMT. They incline in three business segments, and are located on the New York Stock Exchange (Euronext). The industry is classified as broadline retailers, and the issue type... If you want to get a full essay, align it on our website: Ordercustompaper.com

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