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SB-BMGT310-sess07_ch_5

SB-BMGT310-sess07_ch_5 - Balance Sheet and Balance Sheet...

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Chapter 5-1 Balance Sheet and Statement Balance Sheet and Statement of Cash Flows of Cash Flows Balance Sheet and Statement Balance Sheet and Statement of Cash Flows of Cash Flows Chapter Chapter 5 5 Initially prepared by Coby Harmon, University of California, Santa Barbara – revised by Stephen Brown
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Chapter 5-2 1. 1. Explain the uses and limitations of a balance sheet. Explain the uses and limitations of a balance sheet. 2. 2. Identify the major classifications of the balance sheet. Identify the major classifications of the balance sheet. 3. 3. Prepare a classified balance sheet using the report and account formats. Prepare a classified balance sheet using the report and account formats. 4. 4. Determine which balance sheet information requires supplemental disclosure. Determine which balance sheet information requires supplemental disclosure. 5. 5. Describe the major disclosure techniques for the balance sheet. Describe the major disclosure techniques for the balance sheet. 6. 6. Indicate the purpose of the statement of cash flows. Indicate the purpose of the statement of cash flows. 7. 7. Identify the content of the statement of cash flows. Identify the content of the statement of cash flows. 8. 8. Prepare a statement of cash flows. Prepare a statement of cash flows. 9. 9. Understand the usefulness of the statement of cash flows. Understand the usefulness of the statement of cash flows. Learning Objectives Learning Objectives Learning Objectives Learning Objectives
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Chapter 5-3 Used for: Evaluating  the  c apital s truc ture . As s e s s  ris k and future  c as h flo ws . Analyzing  the  c o m pany’s :  Liq uidity, S o lve nc y, and Financ ial fle xibility. Limitations: Mo s t as s e ts  and liabilitie s  are  re po rte d at his to ric al c o s t. Us e  o f judg m e nts  and e s tim ate s . Many ite m s  o f financ ial value  are  o m itte d. Balance Sheet Balance Sheet Balance Sheet Balance Sheet LO 1 Explain the uses and limitations of a balance sheet. LO 1 Explain the uses and limitations of a balance sheet.
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Chapter 5-4 Thre e  G e ne ral C las s ific atio ns   As s e ts , Liabilitie s , and S to c kho lde rs ’ Eq uity C o m panie s  furthe r divide  the s e  c las s ific atio ns : Classification in the Balance Sheet LO 2 Identify the major classifications of the balance sheet. LO 2 Identify the major classifications of the balance sheet. Balance Sheet Balance Sheet Balance Sheet Balance Sheet Illus tratio n 5-1       Balanc e  S he e t  C las s ific atio n
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Chapter 5-5 C as h and o the r as s e ts  a c o m pany e xpe c ts  to  c o nve rt  into  c as h, s e ll, o r c o ns um e  e ithe r in o ne  ye ar o r in the   o pe rating  c yc le , whic he ve r is  lo ng e r.  Current Assets LO 2 Identify the major classifications of the balance sheet. LO 2 Identify the major classifications of the balance sheet.
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