Disclosure Analysis Paper

In: Business and Management

Submitted By sessycowgirl
Words 528
Pages 3

Disclosure Analysis Paper
Mandy Diaz
University of Phoenix
Michael Littlejohn
ACC422 / Intermediate Financial Accounting II
August 23, 2010

Disclose Analysis Paper The consolidated financial statements include the accounts of Wal-Mart Stores, Inc. and its subsidiaries. Significant intercompany transactions have been eliminated in consolidation. Investments in which Wal-Mart has a 40% to 60% 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 internal and disclosure controls, including an extensive internal audit program. Those controls are designed to provide reasonable assurance that the Company's assets are protected from improper use and that Wal-Mart's 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 operations and on the recommendations that are made by Wal-Mart's internal and external auditors. They believe that the system of internal and disclosure controls provides reasonable assurance that Wal-Mart's assets are safeguarded and that the financial information disclose is reliable. Wal-Mart considers investments with a maturity of three months or less when purchased to be cash equivalents. The majority of payments due from banks for third-party credit card, debit card and electronic benefit transactions (EBT) process within 24-48 hours, except for transactions occurring on a Friday, which are generally processed on Monday. All credit card, debit card and EBT transactions that process in less than seven days are classified as cash and cash equivalents. Amounts due from banks for these transactions classified as cash totaled $866…...

Similar Documents

Disclosure Analysis

...Disclosure Analysis Student ACC/422 February 6, 2012 Instructor Disclosure Analysis Paper Companies have many financial reports to reveal to the public every year and quarter. These reports show items such as intangible assets, stockholders equity, and equipment. Financial information reports through the balance sheet, income statement, stockholders equity, and the statement of cash flow. Best Buy’s annual report shows how well the company has been during over the past years and explains cause for changes. Best Buy has seen a decrease in receivables, cash, and cash equivalents over the past few years, yet the merchandise inventory has shown increases. Receivables Best Buy’s receivables consist primarily of amounts due from mobile phone network operators for commissions earned; banks for customer credit card, certain debit card and electronic benefits transfer (EBT) transactions; and vendors for various vendor funding programs (Best Buy, 2011). According to Best Buy (2011), “We establish allowances for uncollectable receivables based on historical collection trends and write-off history. Our allowances for uncollectible receivables were $107 and $101 at February 26, 2011, and February 27, 2010, respectively.” Best Buy has seen a decrease in receivables in the past three years, in fact 2011 saw a 308 million dollar decrease from the prior year (Best Buy, 2011). One possible reason for the decrease may be the economy. Some consumers do not use credit cards for......

Words: 799 - Pages: 4

Disclosure Analysis

...Disclosure Analysis Earnell Branson ACC/422 October 29, 2012 Walfeyette Powell Disclosure Analysis Microsoft was started in 1975. Microsoft does business worldwide in more than 100 countries. Microsoft develops software and hardware to help make people’s life better. Microsoft makes their profit from the development and licensing of software and hardware. Microsoft is well known for their Windows products which have made the ease of allowing documents and presentations to look professional. Microsoft continuously has developed to keep up with the competition. Microsoft has developed cell phones, computers, gaming devices, and have recently launched a tablet with a simple keyboard. Computer software and manufactures have gone out of business because of the fact of not becoming profitable. Microsoft continues to develop and stay relevant as the company increases their profit and presence in the computer and software industry. The paper will describe 2011 financial data. Microsoft to remain profitable has created a search engine that has a catchy phrase. The marketing department aggressively advertised this segment of the company with a catchy phrase and stays on the consumers mind, and the phrase was Bing. Bing reminds the consumer of I have it. Microsoft has Windows Live that allows users to store and upload documents and pictures. Xbox Live is used as a gaming and social networking site. People can connect and compete using this gaming service, which is a......

Words: 799 - Pages: 4

Full Disclosure Financial Reporting Paper

...Heading: Full disclosure financial reporting Full disclosure financial reporting Mary Miller ACC/421 Intermediate Financial Accounting 1 University of Phoenix Cathy Reed October 8, 2012 Full disclosure principle in accounting The full disclosure principle in accounting is the action of revealing or reporting every detail of economic transactions, which can affect the financial position of the business and other people who use the financial statements, such as investor, creditors, etc. (What is the full disclosure principle? web -site). Why has disclosure increased substantially in the last ten years? During the last ten years, the full disclosure increase substantially because the FASB has issued several substantial disclosure provisions, such as Complexity of the Business Environment, Necessity for Timely Information, Accounting as a Control and Monitoring Device with the purpose to protect investors and the public security. Need for full disclosure in financial reporting Full disclosure in financial reporting is necessary because this report reflects the financial activities of the business, if this report is not accurate, and if information omitted or altered affects the decisions of the person using or reading the reports. The government created the SEC and FASB; these two organizations set guidelines to ensure that companies and business disclose the information required by the law. A full disclosure of a......

Words: 825 - Pages: 4

Analysis Paper

...largely unchanged, with the exception of the deleted paragraph near the end, and that is something to think about for the next paper. One of the best tools for revising for paragraph to paragraph organization is a reverse outline, which you can read about here: http://owl.english.purdue.edu/owl/resource/689/1/ . The other thing to work on is making sure your main claim is as specific as possible, or at least as specific as the paper that follows. Most of your claims center around a child’s identification with the prince as a way of learning self-acceptance, and some specific information about that to clarify early on for a reader the kind of argument you are making about the tale will greatly help that reader follow the logic of your argument. Comments on draft: Tascha, you have a strong voice and some great analysis of PP here. You really seem to have taken to B’s approach, and are able to bring out the ways the tale could help reassure a child in ways that generate new insight about the tale. My main concern right now is that your organization is getting in the way of some of this analysis, particularly in the first half of your paper. I recommend in a marginal comment, but I’ll repeat it here, that instead of doing a plot summary and analysis simultaneously over the course of the paper, you begin with a simple plot summary and then organize the analysis in terms of ideas rather than narrative sequence. This will help you lead a reader through your ideas, and give you......

Words: 2504 - Pages: 11

Analysis Paper

...Analysis Paper 1 A situation in my work career, which I witnessed an action of moral gravity was when I walked in on people eating product without paying for it at my place of work. Moral Gravity is I was putting product back and a customer asked for my assistance, so I decided to try and help them. I tried helping them, but I couldn’t help them because I didn’t work in that department, so I looked for the produce associates and I found them eating product in the prep room. I was faced with a tough decision. I know they didn’t pay for the product because they tried to hide it behind something when I walked in on them. This meant that they stole the product from the store, so they could eat it. At the time I didn’t really know what was going on because I was young and it was my first job, so I didn’t really know if it was allowed or not. The right outcome that should of happened was I should have found a manager and reported the employees for stealing from the store. I should of found the manager because they knew what they were doing and they knew it was wrong because they tried to hide the salads from me, but I saw them eating it. However, I did what was considered wrong and ignored the situation and pretended I didn’t see anything. What I did is considered wrong because I knew they stole and I let them get away with it, all I did was pretended I didn’t see what they did. The stakeholders affected by this action are the company I worked for or anyone who has......

Words: 486 - Pages: 2

Lockheed Martin Annual Report Disclosure Analysis

...Lockheed Martin * Background Information Headquartered in Bethesda, Md., Lockheed Martin is the largest arms-producing and military services company in the world, in addition to being the largest federal contractor in the United States of America. Its core business areas are Aeronautics, Information Systems & Global Solutions, Missiles & Fire Control, Mission Systems & Training and Space Systems. * Disclosure Policy Lockheed Martin mentions about its disclosure policy under the section of Management’s Discussion and Analysis of Financial Condition and Results of Operation in its Annual Report. It has a number of programs that are designated as classified by the U.S. Government. Such classified programs are consequently not specifically described in the Annual Report. Instead, they are implicitly included in the consolidated business segment results. * General Analysis of the 2012 Annual Report The Annual Report shows the financial data based on customer category. It is shown that in 2012, the total net sales to the U.S. Government accounted for more than 82% of Lockheed Martin’s total net sales. This figure shows the dependence of Lockheed Martin with the U.S. Government. It also shows the amount of money that the U.S. government spent for the purchase of military weapon and equipment from Lockheed Martin in 2012. The Annual Report also shows the financial data based on business segments. It only states the figures for the net sales,......

Words: 926 - Pages: 4

Full Disclosure Paper

...Full Disclosure Paper ACC/421 Full Disclosure Paper Disclosure is information regarding an activity of financial records that creditors, investors, and humans should know what when on in the company or organization regarding the finances increase or decrease. This includes strikes in the company, major fire, theft, a bad product, or a product that is at a high-demand regarding the time of year. Hurricane season in Houston a few years back. The weather reporter states that Houston, Texas is at threat of developing a hurricane, which will hit a specific area. The area has to prepare for the bad storm. The people in the area may have to leave their homes or stay and ride out the storm. The majority the people will go to Lowes or Home Depot to purchase lumber to board up their houses. Some will go to the nearest grocery store to stock up on water, can goods supplies, and items that a person do not have to cook. Others will go the nearest gasoline station to stock up on gas for their cars or generators in case the lights go out. Some go and withdrawal money out of their accounts for the emergency cash. They stated the storm would hit Katy, Texas and head toward Galveston, Texas. This covers a large area. Some people will the full effects of the storm and others just wind. At this time, the stores closed at three o’clock in the afternoon. Gasoline, Wal-Mart, Lowes, and Home Depot sold out of all items need to survive for the storm. Even the fast......

Words: 760 - Pages: 4

Analysis Paper

...ANALYSIS PAPER: In the previous ten years, the thought that talking about a culture definitely recommends an over the top level of boundedness, evenness, clearness, and soundness has picked up long/big backing, and some cultural/social (people who study people) have even called for giving up the idea. It is said/argued here, not prevented by/not part of the issue, that the unwelcome essences are not built-in in the idea yet connected with specific uses that have been less (put into a hospital)/(made a behavior acceptable) than these experts accept. The foundation of the messy confusion is the taking (or setting aside) of intelligent schedules crosswise over people: while these schedules are never perfectly/completely communicated, they are not randomly circulated. In the same way/in that way, "culture" should be held as a helpful term for selecting/naming the bunches of regular ideas, feelings, and practices that come out when people communicate regularly (all the time). Besides, outside human sciences and the educated community the statement is picking up very widespread and well-known nature and (more and more) seen in a harshly (related to human history) manner. Holding the idea while lighting/educational that culture is not imitated un-problematically, has its cutoff points in the amazing/surprising (or: single) and the widespread, and is not sounding the same as/equal to (family and cultural characteristics) and personality will safeguard the shared opinion the idea......

Words: 2062 - Pages: 9

Disclosure Analysis Paper

...Disclosure Analysis Paper General Motors, one of the largest cars and trucks manufacturer, is more than a century old and has a large scope of the industrial activities, mostly focusing on the motorized transportation with engineering and manufacturing to make all possible. GM was founded in 1908, by William Durant, as a holding company for Buick and McLaughlin Stocks. Global headquarters are located in Detroit, Michigan with manufactures located throughout 35 countries. GM designs, builds and sells trucks, cars and automobile parts around the world, also providing financing services with General Motors Financial Company, Inc. Analyzing results of the business with five segments: GM International Operations, GM North America, GM South America, GM Europe and GM Financial. Consolidated financial statements include accounts and the subsidiaries that are controlled by ownership with a majority voting interest and consolidated interest entities, which are the primary beneficiary. Continuing evaluations with involvement with variable interest entities determines whether GM still have interest that are variable and are primary beneficiaries. When criteria gets met, GM requires consolidation of the VIE’s. Share of earnings or the losses of the nonconsolidated affiliates are included in the consolidated operating using the equity method for accounting when able to exercise significant influence over operating and financial decisions, using the cost method of......

Words: 754 - Pages: 4

Analysis Paper

...Analysis Paper With divorce still on the rise in America, many researches want to know what kind of affect divorce is having not only the children in the middle of it but also the intimate partners these children have later in life. Elizabeth Mullet and Arnold L. Stolberg conducted a study to examine divorce and its impact on the intimate relationships of young adults. The purpose of the study was to look at how the divorce of one’s parents impacts the intimate relationships of young adults. This was assessed researching the difference in intimacy levels as well as positive and negative communication patterns. The researchers looked at four different types of couples to study; neither person experienced parental divorce, both partners experienced divorce, and only the man or the woman experienced divorce. Based on previous studies, Mullet and Stolberg wanted to know whether or not the level of intimacy and communication contributes to unsuccessful relationships in young adults who experienced their parents’ divorce. They believed a woman who has experienced parental divorce will have a higher level of negative communication. They also believed that relationships in which the man only experienced parental divorce would decrease likely hood of his divorce because the woman would be more likely to have better conflict resolution skills and the man can adapt to that. Regarding relationships where the man and woman did not experience their parents’ divorce, higher levels of......

Words: 1071 - Pages: 5

Analysis Paper

...Running head: AUDIENCE ANALYSIS PAPER Audience Analysis Paper When presenting a meeting such as quarterly sales one must take into consideration the type of audience he or she is presenting the meeting to. One must reflect on the diversity of the group in order to present a well deliberated quarterly sales meeting. The diversity of the audience will help the presenter decided on the proper communication which is appropriate for the tone of the quarterly sales meeting. The presenter must also take into consideration the effectiveness of the message that he or she is trying to state. Managers, sales people, and customers all play an important part of the quarterly sales meeting, each person representing a different audience. Presenting to a multiple audience may seem impossible, but can be done. One must analysis his or her audience when presenting his or her meeting. After analyzing the audience one must take into consideration the types of audience he or she may represent. An audience can contain a gatekeeper, primary audience, secondary audience, auxiliary audience, and a watchdog audience. In the case of the quarterly sales meeting the Managers would be the primary audience. The manager will be the audience that will act on the basis of your message. The sales people will be considered a secondary audience. The secondary audience will ask to comment on the message after it has been approved. The customers would be the type of audience known as the watchdogs since he......

Words: 1055 - Pages: 5

Disclosuer Analysis Paper

...Disclosure Analysis Paper Disclosure Analysis Paper Netflix is a company that lets people have access to movies both threw online access and digital video disc formats. Netflix has many different selections that people can choose from depending on their movie needs and their budgets. Netflix is traded publicly company that is currently trading at $353.50 per share according to the Bloomberg Business Week (Netflix Inc (NFLX:NASDAQ GS), 2014). There are many disclosures that are included in the financial statements. Netflix considers investments in instruments purchased with an original maturity of 90 days or less to be cash equivalents. Netflix obtains content through streaming content license agreements, digital video disc direct purchases and digital video disc revenue sharing agreements with various content providers. The content distribution rights in order to stream TV shows, movies and original programming to subscribers’ TVs, computers and mobile devices are obtained by Netflix. The amortization of the streaming content library is classified in “Cost of revenues” on the Consolidated Statements of Operations and in the line item “Amortization of streaming content library” within net cash provided by operating activities on the Consolidated Statements of Cash Flows. Costs related to subtitles, dubbing, and closed captioning are capitalized in “Current content library, net” on the Consolidated Balance Sheets and amortized over the window of availability. Netflix......

Words: 790 - Pages: 4

Literature Review Comparative Analysis of Information Disclosure of Intellectual Capital in the Uk and China

... The primary purpose of this essay is to comparatively analyze information disclosure of intellectual capital in the UK and China, using the content analysis method on company annual reports. In contemporary society, the importance of intellectual capital (IC) and the popularity of using IC to value a company’s competitiveness have been increasing. The definition offered by the Chartered Institute of Management Accountants (2001) is probably one of the most comprehensive definitions: “…the possession of knowledge and experience, professional knowledge and skill, good relationships and technological capacities, which when applied will give organizations competitive advantage.” Predicting a company’s future market performance is one of the key functions of IC information disclosure (Roslender and Fincham, 2004). Consequently, IC will have a significant role in the future value creation process. This study has some limitations, such as the small sample number, which has implications for how representative the data are. Ten companies in the respective stock markets were selected in the UK and China (total twenty) and content analysis was performed. A larger sample would have made the calculations too complex for the time available. The following paper reports the results of empirical research indicating that the trend of IC information disclosure is steadily increasing in both China and the UK, indicating that British companies had a better......

Words: 2711 - Pages: 11

Analysis Paper

...ANALYSIS PAPERS INSTRUCTIONS You are required to complete 3 separate analysis papers over the selected topics. Each paper must be 3–5 pages in length not including the title page, abstract page, and reference page. Each paper must be supported by at least 3 scholarly sources cited in current APA format. You will use references from both textbooks and outside peer-reviewed sources. The peer-reviewed sources must be chosen from PsycArticles or a similar search format from the Liberty University Online Library. Please consult the Analysis Papers Grading Rubric for this assignment. Analysis Paper 1 Consider yourself within the context of the “ecological model” and discuss how this model has influenced your own development. You will recall from your reading of McWhirter et al. that development is the result of “interconnected and embedded ecological systems”. Refer to Bronfenbrenner’s “ecological model” and the “at-risk tree” to complete your discussion. You will use your textbook and the Clinton et al. text as your references in addition to 2 other scholarly sources. Submit this assignment by 11:59 p.m. (ET) on Sunday of Module/Week 2. Analysis Paper 2 Manuel is a 15-year-old “at-risk” adolescent, with whom you have been working at your practicum site. One day when you are talking with him, he reports that he is extremely depressed and just doesn’t care about living anymore. List 4 of the “Legal Do’s and Don’ts” outlined in the text that you will want to consider when...

Words: 455 - Pages: 2

Full Disclosure Paper

...Full Disclosure Full Disclosure is a principle which calls for the reporting of significant financial facts that influence the decisions made by those reading the information (Kieso, 2007). The principle was adopted in 1933 as a byproduct of the 1929 economic crises, and created the full disclosure system. This system provides users of financial statements with material information, greatly improves the timeliness and quality of the disclosed information, reduces costs of raising capital, supports orderly markets, and discourages fraud in the public market. With the creation of the full disclosure principle regulations were formed on the technical and non-technical financial data that have an effect on the financial performance. These regulations have evolved rapidly in the past decade. These changes have been made due to the many examples of inadequate or poor data quality reporting standards that have so greatly affected the economy and the businesses involved. Technology and business have been evolving at a tremendous rate, so the regulations that once worked no longer sufficed. A gap was created between the reporting standards and business activity which resulted in poor economic conditions. The recent economic crisis in 2008 highlighted the need for more transparency if the reporting of financial data and the full disclosure principle. It became clear that as the market evolved, the reporting standards needed to evolve as well. The world is shrinking......

Words: 737 - Pages: 3