An evaluation of the Navy Resale System's operating and financial statements

Abstract

This thesis contains an evaluation of the Navy Resale System financial and operating statements used to manage the sales activities from the headquarters, region, main, and branch levels. Navy Resale System (NRS) statements are compared to the National Retail Merchants Association's (NRMA) statements presented in the Retail Accounting Manual and to statements provided by major retailers. From the results of the evaluation a number of conclusions are drawn. To summarize the Navy Resale System statements are essentially sound. However, change is needed in expense statement and leased sales presentation to communicate a better picture of how the Navy Resale System compares to other major retailers.