2006-06-28 13:43:57 · 6 answers · asked by kahn445 1 in Business & Finance ➔ Other - Business & Finance
Here is a link to Home Depot's 2005 Form 10-K that was filed with the SEC.
Page 40 of the document shows the audit opinion from KPMG and it indicates that the financial statements are in conformity with with U.S. generally accepted accounting principles ("GAAP"). The accrual method of accounting is required under GAAP.
Page 48 of the document is Note 1 of the financial statements which describes the accounting presentation and methods used to account for specific items of income and expense and the measurement of assets and liabilities on the balance sheet.
2006-07-05 13:42:38 · answer #1 · answered by ajimmer 7 · 10⤊ 0⤋
Home Depot is a large public corporation that is required to use the accrual method of accounting. This should be on the accountant's notes to the financial report, or somewhere else in the annual report.
2006-06-28 20:46:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think they use Nimrods. They charged me a late payment on my account when it had no activity on it for 3 months. Home Depot is going under.
2006-06-28 20:47:06 · answer #3 · answered by Raulian 2 · 0⤊ 0⤋
All public companies have their annual and quarterly reports on the investors section of its website. look for a 10k document, usually several pages, just do a CTRL-F on 'accounting'
2006-06-28 20:46:36 · answer #4 · answered by FarAway 2 · 0⤊ 0⤋
go to sec.gov and read their 10q or 10k form.
They are required to list accounting method as well as how the biz is doing etc there.
2006-06-28 20:48:05 · answer #5 · answered by Ralph H 2 · 0⤊ 0⤋
in the accounting department
2006-06-28 20:45:34 · answer #6 · answered by nastaany1 7 · 0⤊ 0⤋