Chapter 1 1. What is finance * Finance is the study of the flow of money * Borrowing and lending * Financial institutions-the middle man * Financial instruments and markets 2. Fields and jobs in finance * Money and capital market * Markets and institutions that provide short and long term capital: investment banks, banks, mutual funds, insurance companies, stockbrokers * Regulators: Fed, SEC (security and exchange commission) * Investments * Security analysis
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describe the I basic objective of financial reporting. F E AT U R E S T O R Y 2 qualitative N Discuss theinformation.characteristics of accounting 3 N Identify two constraints in accounting. 4 N Identify the sections of a classified balance sheet. 5 compute ratios N Identify andprofitability. for analyzing a company’s 6 N Explain the relationship between a retained earnings statement and a statement of JUST FOOLING AROUND? Few people could have predicted how dramatically the Internet
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Funds Flow Analysis: Problems and Solutions 1 The following are summarized balance sheets of a company. You are required to prepare a statement of funds flow. Balance Sheet 31.3. 2005 31.3.2006 Assets (a) Goodwill 0 3000 (b) Building 100,000 95,000 (c) Plant 75,000 84,000 (d) Stock 50,000 37,000 (e) Debtors 40,000 32,100 (f) Bank 0 4,000 (g) Cash 250 300 Total Assets 265250 255400 Liabilities (a) Paid Up Share Capital 100,000
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Abbott Laboratories—Equity Method Investments Teaching Notes: This case shows students how the equity method of accounting works. Abbott Lab’s footnote disclosure includes simple financial statement and income statement information for the joint venture. This provides a textbook example of the equity method. The case asks students to consider the effect on Abbott’s financial statements had the company reported under IFRS, which allows firms to select between equity method and proportionate consolidation
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|50–60 | | | |closing entries, and post-closing trial balance. | | | | | | | | | | | | | |3A | |Prepare financial statements, closing entries, and post-closing trial balance. | |Moderate | |40–50 | | | |
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referred to in the accounting literature as subsequent events or post-balance sheet events. Introduction • The IASB has released IAS 10, dealing specifically with the accounting for subsequent events. • IAS 10 requires that companies adjust the reported amount of assets and liabilities if events occurring after the balance sheet date provide additional information about conditions that existed at the balance sheet date. • IAS 10 requires that disclosure be made of significant subsequent
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financial statement consists of a balance sheet, statement of company cash flow in and out, and an income statement. The statements combine provide current and up-to-date accurate financial information. Financial statements not only show how the company is functioning financially it also shows the operating results for the company over a certain length of time. A balance sheet is commonly referred as a statement of financial condition. A balance sheet is a statement sheet that consists of assets, equity
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Owner’s or stockholders’ equity also reports the amounts invested into the company by the owners plus the cumulative net income of the company that has not been withdrawn or distributed to the owners. The accounting balance will balance if the records are accurate. The balance is maintained because every business transaction impact at least two accounts. For example, when a company borrows money from a bank, the company’s assets will increase and its liabilities will increase by the same amount
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Elantas Beck India Ltd. Heading/Subheadings | 2011 | 2012 | 2013 | * Director’s Report | 4 | 4 | 4 | * Financial Highlights | 4 | 4 | 4 | * Performance | 4 | 4 | 4 | * Dividend | 4 | 4 | 4 | * Directors | 4 | 4 | 4 | * Corporate Governance | 4 | 5 | 5 | * Change in address of registered office of company | - | 5 | 5 | * Listing on Bombay Stock Exchange | 4 | 5 | 5 | * Directors’ Responsibility Statement | 5 | 5 | 5 | * Cost Audit | 5 | 5 | 5
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Budgeting 企业现金需求分析和预算 1 Case Explanation: cash budgeting History: Jefferys, invention of Pasta server Production: data Marketing: data Financial Implication: data Data: Composition of Canadian Households; Balance sheet(July 15, 1994) Jefferys Personal balance sheet (July 15, 1994) Production Schedule in Unit 2 Study Questions Q1：What is the Case? (1)event?(2)Companies?(3)Persons?(4)Time? What is the problem?(5)Why is the problem?(6)Possible Solutions? Q2：Analyses (1) Background
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