Analysis Of Wal Mart Corporation's Information System

1594 Words7 Pages
As technology becomes more sophisticated the traditional way of recording and processing accounting reports starts changing, and the most organizations are using computer systems for maintaining financial records in its information system. When there are many business processes like revenue, expenditure, conversion, and administrative process, that occur in the company, the new data are captured and become input into the accounting information system. These business processes are computerized work steps, and it can be controlled with effective and efficient accounting internal control system, which will safeguard the company assets from any fraudulent activities and ensure the accuracy and completeness of the data. Therefore, this research project is going to address the study that made on one of the biggest corporation, Wal-Mart, and the corporation’s information system, organizational structure, revenues, accounting cycles, process flowchart, risk assessment, internal control system and overview of component of company’s manual and automated information system. Brief Summary of Wal-Mart Corporation Sam Walton was the founder of the Wal-Mart store and who opened the first Wal-Mart store in 1962, in Rogers, Arkansas. Sam Walton’s idea was offering lower prices and great service; however, his competitors thought it would never work. It turned out that Wal-Mart become one the most successful retail business, and the company went public in 1970 and since then the company had

More about Analysis Of Wal Mart Corporation's Information System

Open Document