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Chapter 5 Balance Sheet

Chapter 5 Balance Sheet - CashFlows Chapter5 Balance Sheet...

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Click to edit Master subtitle style  9/24/09 Balance Sheet and Statement of  Cash Flows Chapter 5
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 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
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 9/24/09 Evaluating thecapital structure. Assess risk and future cash flows. Analyze thecompany’s: Ø Liquidity, Ø Solvency, and Ø Financial flexibility. Balance Sheet Usefulness of the Balance Sheet LO 1 Explain the uses and limitations of a balance sheet.
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 9/24/09 Most assets and liabilities arereported at historical cost. Use of judgments and estimates. Many items of financial value areomitted. Limitations of the Balance Sheet Balance Sheet LO 1 Explain the uses and limitations of a balance sheet.
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 9/24/09 ThreeGeneral Classifications Assets, Liabilities, and Stockholders’ Equity Companies further dividetheseclassifications: Classification in the Balance Sheet LO 2 Identify the major classifications of the balance sheet. Balance Sheet Illustration 5-1
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 9/24/09 Review Thecorrect 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.
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 9/24/09 Accounts Receivable – Presentation Options LO 2 Identify the major classifications of the balance sheet.
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