acis 3115 ch. 5. ppt

acis 3115 ch. 5. ppt - Chapter 5-1 Balance Sheet and...

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Unformatted text preview: Chapter 5-1 Balance Sheet and Balance Sheet and Statement of Cash Flows Statement of Cash Flows Chapter Chapter 5 5 Chapter 5-2 Balance Balance Sheet Sheet Statement of Statement of Cash Flows Cash Flows Purpose Purpose Content and Content and format format Preparation Preparation Usefulness Usefulness Balance Sheet and Statement of Cash Balance Sheet and Statement of Cash Flows Flows Usefulness Usefulness Limitations Limitations Classification Classification Additional Additional information information reported reported Techniques of Techniques of disclosure disclosure Chapter 5-3 Evaluating the capital structure. Assess risk and future cash flows. Analyze the companys: Liquidity, Solvency, and Financial flexibility. Balance Sheet Balance Sheet Usefulness of the Balance Sheet LO 1 Explain the uses and limitations of a balance sheet. LO 1 Explain the uses and limitations of a balance sheet. Chapter 5-4 Most assets and liabilities are reported at historical cost. Use of judgments and estimates. Many items of financial value are omitted. Limitations of the Balance Sheet LO 1 Under stand the uses and limitations of an income statement. LO 1 Under stand the uses and limitations of an income statement. Balance Sheet Balance Sheet Chapter 5-5 Three General Classifications Assets, Liabilities, and Stockholders Equity Companies further divide these classifications: Classification in the Balance Sheet LO 2 I dentify the major classifications of the balance sheet. LO 2 I dentify the major classifications of the balance sheet. Balance Sheet Balance Sheet I llustration 5-1 I llustration 5-1 Balance Sheet Classification Chapter 5-6 Cash and other assets a company expects to convert into cash, sell, or consume either in one year or in the operating cycle, whichever is longer. Cur r ent Assets LO 2 I dentify the major classifications of the balance sheet. LO 2 I dentify the major classifications of the balance sheet. Balance Sheet Balance Sheet I llustration 5-2 I llustration 5-2 Accounts and basis of valuation Chapter 5-7 Review Review The correct order to present current assets is The correct order to present current assets is a. a. Cash, accounts receivable, prepaid items, Cash, accounts receivable, prepaid items, inventories. inventories. b. b. Cash, accounts receivable, inventories, prepaid Cash, accounts receivable, inventories, prepaid items. items. c. c. Cash, inventories, accounts receivable, prepaid Cash, inventories, accounts receivable, prepaid items. items. d. d. Cash, inventories, prepaid items, accounts Cash, inventories, prepaid items, accounts receivable. receivable. LO 8 Explain how to r epor t other compr ehensive income. LO 8 Explain how to r epor t other compr ehensive income....
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This note was uploaded on 02/21/2009 for the course ACIS 3115 taught by Professor Cmeasterwood during the Spring '08 term at Virginia Tech.

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acis 3115 ch. 5. ppt - Chapter 5-1 Balance Sheet and...

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