Fin. Management 1 - Review of Financials

Fin. Management 1 - Review of Financials - Hult...

Info icon This preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
Hult International Business School - Shanghai Financial Management April/May 2015 Handout 1 – Review of Financial Statement
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
1-2 Key Points Accounting is the scorecard of business. Managers who understand accounting can diagnose ills and prescribe remedies.
Image of page 2
1-3 The Cash Flow Cycle Finance and operations are integrated. Cash Fixed Assets Inventory AR Cash Where is production (operations) in this cycle? Where does the initial cash come from? Where is the working capital cycle? Where is investment in this cycle?
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
1-4 Figure 1.1 The Cash Flow-Production Cycle
Image of page 4
1-5 More Questions What is depreciation? Did we miss AP? If so, where does it fit in? • Cash Fixed Assets Inventory AR Cash Are profits and cash flow the same? Does depreciation have anything to do with this question?
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
1-6 The Balance Sheet The balance sheet is a financial snapshot. Assets = Liabilities + Shareholders’ Equity What do these items measure? What is double-entry bookkeeping? What happens to the numbers in a balance sheet when a company borrows money from a bank? What’s Worldwide Sports’ story in Table 1.1?
Image of page 6
1-7 TABLE 1.1 Worldwide Sports Financial Transactions 2011 ($ thousands)
Image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
1-8 Questions How much did WS sell? What was the value of WS merchandise purchases?
Image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern