Revenue Recognition Accounting Policy
Wal-Mart Stores recognizes sales revenue net of sales taxes and estimated sales returns at the time it sells merchandise to the customer. Customer purchases of shopping cards are not recognized as revenue until the card is redeemed and the customer purchases merchandise by using the shopping card. Wal-Mart Stores also recognizes revenue from service transactions at the time the service is performed. Generally, revenue from services is classified as a component of net sales on our Consolidated Statements of Income.
Source: Wal-Mart Stores Inc., Annual Report
Revenues as Reported
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Wal-Mart Stores Inc., Income Statement, Revenues
Source: Wal-Mart Stores Inc. Annual Reports
| Item |
Description |
The company |
| Net sales |
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. |
Wal-Mart Stores Inc.'s net sales increased from 2009 to 2010 and from 2010 to 2011.
|
