11_Equity Accounts

11_Equity Accounts - Objectives To understand the...

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Objectives To understand the components of shareholders’ equity, the accounting for transactions related to shareholders’ equity the reporting of equity items on the financial statements.
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Agenda: 1. Apple Statement of Shareholder’s Equity 2. Contributed Capital 3. Shares Stock Options/Share Grants Stock Splits Treasury Stock 4. Retained Earnings Dividends – Cash & Stock 5. AOCI & Comprehensive Income 6. EPS Calculation
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Equity Accounts Balance Sheet – cumulative balances Statement of Shareholders equity – changes in equity balances
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Components of Owners’ Equity |-- Par |-- Common Stock---- | | |-- APIC |-- Contributed Capital --------| | | |-- Par Total Stockholders’---| |-- Preferred Stock ----| Equity | | |-- APIC | | | | -- Treasury Stock (debit balance) | | |-- Retained Earnings | |-- Other (AOCI): Foreign currency translations Unrealized gains/losses on marketable securities Etc.
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Retained Earnings Accumulated Other Comprehensive Income/(Loss) Total Shareholders’ Equity Shares Amount Balances as of September 29, 2007 872,329 $ 5,368 $ 9,100 $ 63 $ 14,531 Cumulative effect of change in accounting principle 0 45 11 0 56 Components of comprehensive income: Net income 0 0 6,119 0 6,119 Change in foreign currency translation 0 0 0 (28 ) (28 ) Change in unrealized loss on available-for-sale securities, net of tax 0 0 0 (63 ) (63 ) Change in unrealized gain on derivative instruments, net of tax 0 0 0 19 19 Total comprehensive income 6,047 Stock-based compensation 0 513 0 0 513 Common stock issued under stock plans, net of shares withheld for employee taxes 15,888 460 (101 ) 0 359 Issuance of common stock in connection with an asset acquisition 109 21 0 0 21 Tax benefit from employee stock plan awards 0 770 0 0 770 Balances as of September 27, 2008 888,326 7,177 15,129 (9 ) 22,297 Components of comprehensive income: Net income 0 0 8,235 0 8,235 Change in foreign currency translation 0 0 0 (14 ) (14 ) Change in unrealized loss on available-for-sale securities, net of tax 0 0 0 118 118 Change in unrealized gain on derivative instruments, net of tax 0 0 0 (18 ) (18 ) Total comprehensive income 8,321 Stock-based compensation 0 707 0 0 707 Common stock issued under stock plans, net of shares withheld for employee taxes 11,480 404 (11 ) 0 393 Tax benefit from employee stock plan awards, including transfer pricing adjustments 0 (78 ) 0 0 (78 ) Balances as of September 26, 2009 899,806 8,210 23,353 77 31,640
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Contributed Capital - Shares Common Stock: Basic residual ownership share in the corporation.
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This note was uploaded on 10/17/2011 for the course MGMT 600 taught by Professor Johnston during the Spring '11 term at Purdue.

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11_Equity Accounts - Objectives To understand the...

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