Lecture_1_ - 2-1Click to edit Master subtitle...

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Unformatted text preview: 2-1Click to edit Master subtitle styleFinancial Statements and Cash FlowLecture 12-2Lecture OutlineThe Balance SheetThe Income StatementNet Working CapitalFinancial Cash FlowThe Accounting Statement of Cash FlowsCash Flow Management2-3The Balance SheetqAn accountants snapshot of the firms accounting value at a specific point in timeqThe Balance Sheet Identity is:Assets Liabilities + Stockholders Equity2-4U.S. Composite Corporation Balance Sheet21292129Current assets:Current Liabilities:Cash and equivalents$14$17Accounts payable$213$197Accounts receivable29427Notes payable553Inventories26928Accrued expenses22325Other585Total current liabilities$486$455Total current assets$761$77Long-term liabilities:Fixed assets:Deferred taxes$117$14Property, plant, and equipment$1,423$1,274Long-term debt471458Less accumulated depreciation(550)(460)Total long-term liabilities$588$562Net property, plant, and equipment873814Intangible assets and other245221Stockholder's equity:Total fixed assets$1,118$1,035Preferred stock$39$39Common stock ($1 par value)5532Capital surplus347327Accumulated retained earnings39347Less treasury stock(26)(2)Total equity$85$725Total assets$1,879$1,742Total liabilities and stockholder's equity$1,879$1,7422-5Balance Sheet AnalysisWhen analyzing a balance sheet, the Finance Manager should be aware of three concerns:2-6Value versus CostMarket value is the price at which the...
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This note was uploaded on 07/04/2011 for the course FINA 463 taught by Professor Tsyplakov during the Fall '10 term at South Carolina.

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Lecture_1_ - 2-1Click to edit Master subtitle...

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