CHAPTER 3 - periodicreports. AnnualReport AnnualReport...

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Financial Statements and Cash Flows Financial Statements – publicly traded companies  required by SEC to provide shareholders with  periodic reports.  Most prominent of these is the  Annual Report
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Annual Report Major Components Letter to Shareholders MD&A (Management’s Discussion and Analysis of Results of  Operations and Financial Condition) Financial Statements Notes
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Annual Report Other Sections Report of Management Report from Independent Auditors Selected quarterly and 5-year information   Marketing Section Listing of Board members, other shareholder  information
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Balance Sheet Point in time statement of historical record of  company’s activities Based on historical costs, not market or replacement  values Three main sections
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Balance Sheet Working capital: Current assets and Current liabilities – reflects day-to-day  operating decisions Fixed Assets – reflects investment decisions (capital budgeting)
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Balance sheet example
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