chapter 2 notes

chapter 2 notes - 1/25/11 Statutory Financial Reports 8-k...

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1/25/11 Statutory Financial Reports 8-k current report so it’s available to everyone 20-F used for stock offering Form 4-every time an exec officer or board members sells stock, they have to file a form with the details Very difficult to trade your stock as an executive, unless maybe a 24 hr window after a press release GAAP -generally accepted accounting principles -not always theoretically correct -start with statements of financial acct standards, its the best to hang your hat on Environmental Factors (possible test slide) -a lot of the players have their own motives Environmental Factors -politics comes into play from the SEC commissioners personal opinion to effect the outcome Accrual accounting will give you a more accurate income statement from an earnings perspective Difference between short/long accrual is not that important to know 1. which of the following statements about accruals and cash flows is false? a. company value can be determined by using accrual acct numbers
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This note was uploaded on 07/02/2011 for the course FINA 470 taught by Professor Austin during the Spring '11 term at South Carolina.

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chapter 2 notes - 1/25/11 Statutory Financial Reports 8-k...

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