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Title: Balance Sheet: Investments and Financing
Description: Management Discussion Auditor’s Report Consolidated Balance Sheet Consolidated Net Income Consolidated Statement of Stockholders Equity Consolidated Cash Flow Statements Notes to Accounts
Description: Management Discussion Auditor’s Report Consolidated Balance Sheet Consolidated Net Income Consolidated Statement of Stockholders Equity Consolidated Cash Flow Statements Notes to Accounts
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Balance Sheet: Investments and
Financing
15
...
2
Financial Statements – the
Annual Report
Management Discussion
Auditor’s Report
Consolidated Balance Sheet
Consolidated Net Income
Consolidated Statement of Stockholders
Equity
Consolidated Cash Flow Statements
Notes to Accounts
3
Balance Sheet: Assets
Assets
Probable future economic benefits
obtained or controlled by a particular entity
as a result of past transactions or events
...
g
...
merchandising (e
...
, K mart) vs
...
g
...
service (e
...
, H & R
Block) business
...
longer
Cash and cash equivalents
Short-term investments -- at market value -- We will
discuss this in detail later
...
Rec
...
Debt and equity securities such as stocks,
bonds, and long-term notes receivable
...
g
...
7
Balance Sheet: Assets
Property, Plant, and Equipment
Assets of a durable nature that are to be used
in the production or sale of goods, or
rendering of services, rather than being held
for sale
...
Carried at Cost (-) Accumulated Depreciation
Land on which the company conducts its
operations is carried on the balance sheet at
the original cost – no depreciation
...
8
Balance Sheet: Assets
Intangible Assets
Non-current, non-physical assets of a business, the
possession of which provides uncertain future benefits to
the owner
Is accounts receivable an intangible asset?
E
...
, goodwill, trademarks, patents, copyrights, etc
...
Cost = Whatever was paid to acquire them
...
Current Liabilities
Obligations that are expected to be paid (or
services expected to be performed) with the use of
assets that are listed in the current section of the
balance sheet
...
Current portion of long-term debts are
classified as current liabilities
...
What is the intuition here?
11
Balance Sheet: Liabilities
Long-Term Liabilities
Obligations usually expected to require
payment over a period of time beyond one
Title: Balance Sheet: Investments and Financing
Description: Management Discussion Auditor’s Report Consolidated Balance Sheet Consolidated Net Income Consolidated Statement of Stockholders Equity Consolidated Cash Flow Statements Notes to Accounts
Description: Management Discussion Auditor’s Report Consolidated Balance Sheet Consolidated Net Income Consolidated Statement of Stockholders Equity Consolidated Cash Flow Statements Notes to Accounts