Week 2 Finance 370

In: Business and Management

Submitted By blountatrox
Words 1752
Pages 8
Ethics and Compliance As a team we plan to not only show the ways that Wal-Mart utilizes the various means of financial control; but how these processes are brought into the organization and how they affect the day-to-day operations of the organization. We will give detailed components of Wal-Mart’s financial structure a thorough going over to show how the organization benefits or does not benefit from government regulations as well as good and/or bad ethical practices.
Access the role of ethics and compliance in the Wal-Mart’s financial environment When Sam Walton founded Wal-Mart he inspired, created, and embraced a corporate culture. The Wal-Mart culture has grown during the last 50 years, but the core principles and values that the culture was founded upon have remained strong. At the core of Wal-Mart’s culture are the three basic beliefs; respect for the individual, service to our customers, and striving for excellence. These three core beliefs created an environment that fosters high levels of integrity, ethics, and compliance. Wal-Mart and the employees often set the standard for other businesses through their efforts in these fields. These high standards are applied to all aspects of the business from financials down to the daily processes within the stores. Wal-Mart complies with all Security and Exchange Commission (SEC) requirements and publishes several financial reports throughout the fiscal year. The average consumer or investor can view these reports on the Wal-Mart corporate website. The available reports include annual reports for every year since 1972, quarterly results, global sustainability reports, and more. Wal-Mart is a for-profit company that is generally known to be financially fit. The company reports show profits and investors can see the assets increasing as Wal-Mart expands both locally and internationally. This last…...

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