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Financial Statements, Chapter 20

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Provides information on financial statements such as the different types of financial statements, the balance sheet, etc.

Provides information on financial statements such as the different types of financial statements, the balance sheet, etc.

Published in: Business

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  • 1. Financial Statements Chapter Twenty NACM
  • 2. Types of Financial Statements
    • Reporting Periods
      • Cash accounting
      • Accrual accounting
    • Role of Financial Statements
    • Annual Reports
    • Basic Financial Statements
  • 3. Accounting Issues
    • Generally Accepted Accounting Principles (GAAP)
    • Accounting Assumptions
    • Financial Accounting Standards Board (FASB)
    • Notes to Financial Statements
  • 4. The Balance Sheet
    • Overview
    • Definition: A balance sheet is a statement of a company’s financial position that contains specific details about major financial items of a company at a specific point in time.
  • 5. Statement of Income
    • Overview
    • Statement of income also called: Income Statement, Statement of Earnings, Statement of Operations
    • Statement of Income provides a summary of income and expenses, and gains and losses for a specific period of time
  • 6. Statement of Retained Earnings
    • Overview
    • Components
      • Retained Earnings
      • Net Income
      • Dividends
  • 7. Statement of Cash Flows
    • Overview
    • Cash Flows from Operating Activities
    • Cash Flows from Investing Activities
    • Cash Flows from Financing Activities
  • 8. Other Financial Reports
    • Trial Balance
      • Limitations
      • Advantages
    • Consolidated Financial Statements
    • Combined Financial Statements
    • Pro Forma Financial Statements
  • 9. Audit Issues
    • The Role of the Auditor
    • Types of Audits
    • Responsibility for Financial Reporting
    • Change in Auditor
    • Auditor-Client Relationships
  • 10. Audit Reports
    • Overview
    • Customary Schedules in Audit Reports
    • Unqualified Opinions
    • Qualified Opinions
    • Compilation
    • Reliability
  • 11. False Financial Statements
    • General Considerations
    • Continuing and Acceleration Clauses
    • Fraud
    • Points to Be Observed
  • 12. Financial Analysis Fundamentals Chapter Twenty-one NACM
  • 13. Learning Objectives
    • How to analyze financial statements
    • How to interpret the statement of cash flows
    • The basics of using financial ratio analysis
    • Differences among various types of financial ratios
    • How to construct the DuPont formula
    • Major sources of comparative financial data
  • 14. Financial Analysis Fundamentals
    • Common-size Analysis
    • Statement of Cash Flows
    • Ratio Analysis
    • Using Industry Comparative Information
  • 15. Common-Size Analysis
    • Overview
    • Vertical Analysis
    • Horizontal Analysis
  • 16. Statement of Cash Flows
    • General Considerations
    • Analyzing the Statement of Cash Flows Prepared in the Indirect Method
    • Analyzing the Statement of Cash Flows Prepared in the Direct Method
  • 17. Ratio Analysis
    • Liquidity/Short Term Solvency
    • Profitability Ratios
    • Activity Ratios
    • Leverage Ratios
    • Other Ratios
  • 18. Using Industry Comparative Information
    • Sources of Industry Information
      • Dun & Bradstreet
      • The Risk Management Association
      • Moody’s Investment Services
      • Standard and Poor’s Investment Services
      • Value Line
    • Making Industry Comparisons
  • 19. End of Session