Ch3 - Washington Post Thursday, April 23, 2009 A Life Lost...

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1 Washington Post Thursday, April 23, 2009 A Life Lost in the Shadow Of Freddie Mac's Turmoil Firm's Finance Chief Dead in Apparent Suicide http://www.youtube.com/watch?v=WFHjxyEsnJU Accounting and Finance Topics Covered c The Balance Sheet c The Income Statement c The Statement of Cash Flows c Accounting for Differences c Taxes Balance Sheet The balance sheet is a snapshot of the firm’s assets and liabilities at a given point in time Balance Sheet c Assets are listed in order of liquidity c Ease of conversion to cash c Without significant loss of value The Main Balance Sheet Items Current Assets Receivables Inventories + Fixed Assets Tangible Assets Intangible Assets
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The world's most valuable brand Coca-Cola Balance Sheet Identity Assets = Liabilities + Stockholders’ Equity Current Assets Fixed assets 1. Tangible fixed assets 2. Intangible fixed assets Current liabilities Long-term debt Shareholders’ equity Total Value of Assets Total Value of Liabilities and Shareholders’ Equity Net Working Capital Balance Sheet PepsiCo Balance Sheet (December 31, 2006) $Millions Market Vs. Book Value c The balance sheet provides the book value of the assets, liabilities and equity. c Book values are determined by generally accepted accounting principles (GAAP). Market Vs. Book Value c Market value is the price at which the assets, liabilities or equity can actually be bought or sold. c
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This note was uploaded on 10/27/2010 for the course FIN 3300 taught by Professor Jerry during the Winter '10 term at CSU East Bay.

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Ch3 - Washington Post Thursday, April 23, 2009 A Life Lost...

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