SB-BMGT310-sess07_ch_5

SB-BMGT310-sess07_ch_5 - Chapter 5-1 Balance Sheet and...

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Unformatted text preview: 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 Initial y prepared by Coby Harmon, University of California, Santa Barbara – revised by Stephen Brown 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 Chapter 5-3 Used for: Eva lua ting the c a pita l s truc ture . As s e s s ris k a nd future c a s h flo ws . Ana lyzing the c o m pa ny’s : Liq uidity, S o lve nc y, a nd Fina nc ia l fle xib ility. Limitations: Mo s t a s s e ts a nd lia b ilitie s a re re po rte d a t his to ric a l c o s t. Us e o f judg m e nts a nd e s tim a te s . Ma ny ite m s o f fina nc ia l va lue a re 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. Chapter 5-4 Thre e G e ne ra l C la s s ific a tio ns As s e ts , Lia b ilitie s , a nd S to c kho lde rs ’ Eq uity C o m pa nie s furthe r divide the s e c la s s ific a tio 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 tra tio n 5-1 Illus tra tio n 5-1 Ba la nc e S he e t C la s s ific a tio n Chapter 5-5 C a s h a nd o the r a s s e ts a c o m pa ny e xpe c ts to c o nve rt into c a s h, s e ll, o r c o ns um e e ithe r in o ne ye a r o r in the o pe ra ting c yc le , whic he ve r is lo ng e r. o pe ra ting c yc le , whic he ve r is lo ng e r....
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This note was uploaded on 02/07/2012 for the course SMITH bmgt310 taught by Professor Sb during the Fall '11 term at Maryland.

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SB-BMGT310-sess07_ch_5 - Chapter 5-1 Balance Sheet and...

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