A companys internal control over financial reporting

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Unformatted text preview: ing principles. A company's internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. /s/ PRICEWATERHOUSECOOPERS LLP Austin, Texas March 15, 2011 spi2532X_appB_B1-B24.indd B-2 spi2532X_appB_B1-B24.indd B-2 1/20/12 4:20 PM 1/20/12 4:20 PM Confirming Pages APPENDIX B Dell Annual Report (selected pages) B-3 DELL INC. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in millions) January 28, 2011 Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net Financing receivables, net Inventories, net Other current assets Total current assets Property, plant, and equipment, net Investments Long-term financing receivables, net Goodwill Purchased intangible assets, net Other non-current assets Total assets January 29, 2010 $ 13,913 452 6,493 3,643 1,301 3,219 29,021 1,953 704 799 4,365 1,495 262 38,599 $ 851 11,293 4,181 3,158 19,483 5,146 3,518 2,686 30,833 $ ASSETS $ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt $ Accounts payable Accrued and other Short-term deferred services revenue Total current liabilities Long-term debt Long-term deferred services revenue Other non-current liabilities Total liabilities Commitments and contingencies (Note 11) Stockholders' equity: Common stock and capital in excess of $.0...
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This document was uploaded on 02/22/2014 for the course ACCT 6330 at University of Texas at Dallas, Richardson.

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