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Seminar 5 understanding financial statements i
- 1. Understanding Financial Statements I Speaker Position Company smart woman securities © 2010 Smart Woman Securities. Materials are for SWS members’ use only. All rights reserved. Date
- 9. Introduction to Financial Statements
- 19. Balance Sheet
- 25. Liabilities (CL)
- 31. Example: Balance Sheet (CL)
Editor's Notes
- Ask yourself a question, “Why do you invest?” “ What is it you truly want to win?” Winning should be reaching your goals, having the financial capacity to achieve your life goals … … not anyone else’s. Remember, you want to build a financial house that won’t fall down in a strong wind. To do that, you need to start with a plan -- a blueprint. And one of the best plans around is asset allocation.
- Ask yourself a question, “Why do you invest?” “ What is it you truly want to win?” Winning should be reaching your goals, having the financial capacity to achieve your life goals … … not anyone else’s. Remember, you want to build a financial house that won’t fall down in a strong wind. To do that, you need to start with a plan -- a blueprint. And one of the best plans around is asset allocation.
- Ask yourself a question, “Why do you invest?” “ What is it you truly want to win?” Winning should be reaching your goals, having the financial capacity to achieve your life goals … … not anyone else’s. Remember, you want to build a financial house that won’t fall down in a strong wind. To do that, you need to start with a plan -- a blueprint. And one of the best plans around is asset allocation.
- - 10Ks are significantly more lengthy than 10Qs, as it helps to do a re-cap of the business and business-related events, among many other things that are not included in the 10Q, designed as a financial check-up over the past 3 months
- Footnotes are particularly important as they will often help investors interpret the numbers, make necessary adjustments and gain a better understanding of the business functioning Give examples of relevant footnotes: pro forma adjustments, depreciation/amortization schedules, restructuring costs, etc.
- The benefit from assets does not have to be immediately provided, but as long as it can generate future gain/benefit for the company it should be included as an asset Non-owners include inventory suppliers, debtor/banks that provided loans, property owners, etc.
- - Operating Cycle: the elapsed time between the state of production and the eventual receipt of cash from customers; includes the time it takes to process raw materials into finished goods and then to sell those goods and receive cash in exchange