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chap002 - Chapter 2 FINANCIAL STATEMENTS AND CASH FLOW...

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Chapter 2 FINANCIAL STATEMENTS AND CASH FLOW SLIDES 2.1 Key Concepts and Skills 2.2 Chapter Outline 2.3 Sources of Information 2.4 The Balance Sheet 2.5 U.S. Composite Corporation Balance Sheet 2.6 Balance Sheet Analysis 2.7 Liquidity 2.8 Debt versus Equity 2.9 Value versus Cost 2.10 The Income Statement 2.11 U.S.C.C. Income Statement 2.12 U.S.C.C. Income Statement 2.13 U.S.C.C. Income Statement 2.14 U.S.C.C. Income Statement 2.15 Income Statement Analysis 2.16 GAAP 2.17 Non-Cash Items 2.18 Time and Costs 2.19 Taxes 2.20 Marginal versus Average Rates 2.21 Net Working Capital 2.22 U.S.C.C. Balance Sheet 2.23 Financial Cash Flow 2.24 U.S.C.C. Financial Cash Flow 2.25 U.S.C.C. Financial Cash Flow 2.26 U.S.C.C. Financial Cash Flow 2.27 U.S.C.C. Financial Cash Flow 2.28 U.S.C.C. Financial Cash Flow 2.29 U.S.C.C. Financial Cash Flow 2.30 U.S.C.C. Financial Cash Flow 2.31 The Statement of Cash Flows 2.32 U.S.C.C. Cash Flow from Operations 2.33 U.S.C.C. Cash Flow from Investing 2.34 U.S.C.C. Cash Flow from Financing 2.35 U.S.C.C. Statement of Cash Flows 2.36 Quick Quiz
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A-17 CHAPTER 2 CHAPTER WEB SITES Section Web Address 2.1 finance.yahoo.com money.cnn.com www.sec.gov www.fasb.org 2.3 www.irs.gov End-of-chapter material www.mhhe.com/edumarketinsight CHAPTER ORGANIZATION 2.1 The Balance Sheet Liquidity Debt versus Equity Value versus Cost 2.2 The Income Statement Generally Accepted Accounting Principles Noncash Items Time and Costs 2.3 Taxes Corporate Tax Rates Average versus Marginal Tax Rates 2.4 Net Working Capital 2.5 Financial Cash Flow 2.6 The Accounting Statement of Cash Flows Cash Flow from Operating Activities Cash Flow from Investing Activities Cash Flow from Financing Activities ANNOTATED CHAPTER OUTLINE Slide 2.0 Chapter 2 Title Slide Slide 2.1 Key Concepts and Skills Slide 2.2 Chapter Outline
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CHAPTER 2 A-18 Slide 2.3 Sources of Information This slide contains hyperlinks to commonly used sources of financial data. 2.1. The Balance Sheet Slide 2.4 The Balance Sheet The balance sheet provides a snapshot of the firm’s financial position at a specific point in time. Thus, it is commonly referred to as a “stock” statement, whereas the income statement would be considered a “flow” statement since it covers a period of time. The balance sheet identity is: Assets = Liabilities + Stockholder’s Equity Slide 2.5 U.S. Composite Corporation Balance Sheet Assets: The Left-Hand Side Assets are divided into several categories. Make sure that students recall the difference between current and fixed assets, as well as tangible and intangible assets. Assets are listed in order of how long it typically takes for the specific asset to be converted to cash, with those taking the shortest time being listed first. Liabilities and Equity: The Right-Hand Side This portion of the balance sheet represents the sources of funds used to finance the purchase of assets. (Refer to Chapter 1 for a more lengthy discussion of this point.) Lecture Tip : It may be helpful to review slides 4 and 7 from Chapter 1, which highlight the general composition of a balance sheet.
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