Chapter 5 Balance Sheet

Chapter 5 Balance Sheet - Click to edit Master subtitle...

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Unformatted text preview: Click to edit Master subtitle style 9/24/09 Balance Sheet and Statement of Cash Flows Chapter 5 9/24/09 Balance Sheet Statement of Cash Flows Usefulness Limitations Classification Additional information reported Techniques of disclosure Purpose Content and format Preparation Usefulness Balance Sheet and Statement of Cash Flows 9/24/09 Evaluating the capital structure. Assess risk and future cash flows. Analyze the companys: Liquidity, Solvency, and Financial flexibility. Balance Sheet Usefulness of the Balance Sheet LO 1 Explain the uses and limitations of a balance sheet. 9/24/09 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 Balance Sheet LO 1 Explain the uses and limitations of a balance sheet. 9/24/09 Three General Classifications Assets, Liabilities, and Stockholders Equity Companies further divide these classifications: Classification in the Balance Sheet LO 2 Identify the major classifications of the balance sheet. Balance Sheet Illustration 5-1 9/24/09 Review The correct order to present current assets is a. Cash, accounts receivable, prepaid items, inventories. b. Cash, accounts receivable, inventories, prepaid items. c. Cash, inventories, accounts receivable, prepaid items. d. Cash, inventories, prepaid items, accounts receivable. Balance Sheet LO 2 Identify the major classifications of the balance sheet. 9/24/09 Accounts Receivable Presentation Options LO 2 Identify the major classifications of the balance sheet....
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This note was uploaded on 09/24/2009 for the course ACIS 3115 taught by Professor Cmeasterwood during the Fall '08 term at Virginia Tech.

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Chapter 5 Balance Sheet - Click to edit Master subtitle...

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