{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Misc test 1 notes - 10-K Most critical section Risk...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
10-K Most critical section: Risk factors -covers everything that could go wrong 2 nd most critical section: Selected financial data -summary info for 5 years -can do a ton of analysis quickly Effect of Inflation and Changing Prices: can be substantially important in some industries Chapter 2 HW -Movement towards fair value is because things change prices over time -one criticism of FS is there is little forward looking info...companies are hesitant to do so because of liability concerns about promises made -2 types of inputs for Fair Value acct: -observable: market prices obtained from sources independent of reporting company i.e. quoted market prices of traded securities -unobservable: values determined through assumptions from the reporting company b/c the asset/liab is not traded 3 levels: level 1 is most reliable and exact prices, level 2 are quoted prices for identical tems (not exact though), level 3 are used when no substitutes can be found, they reflect a
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern