Financial Statement Analysis - An Introduction
About the Lecture
The lecture Financial Statement Analysis - An Introduction by Edu Pristine is from the course Accounting 101. It contains the following chapters:
- Roles of Financial reporting and Financial Statement Analysis
- Role of key Financial Statements
- Financial Statement Notes and Supplementary schedules
- Audits of Financial Statements
- Internal controls
- Other sources of information used by analysts
- Steps of Financial Statement Analysis
Author of lecture Financial Statement Analysis - An Introduction
Edu Pristine
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Excerpts from the accompanying material
... making economic decisions "Financial reporting:It is the way companies show their performance to outside world " IASB has described the role of financial reporting as: The objective of financial statements is to provide information ...
... Evaluate companies past performance and current financial position - Project companies ability to earn profits and future cash flows - So that economic decisions like the following can be taken: Whether to invest in the company's securities, whether to extend bank credit ...
... Which of the following statements reflects the basic purposes of financial reporting? The best indication of a firm's ability to generate favorable cash flow is information based on previous cash receipts and payments ...
... about future enterprise performance, those expectations are commonly based, at least in part, on evaluations of past enterprise perform ...
... performance and financial position: Describe the roles of the key financial statements (statement of financial position, statement of comprehensive income) ...
... interest remains after deducting liabilities from assets - balance sheetshows financial position at a particular point of time includes following elements - Assets: Resources owned by company, which will produce current or future economic benefit ...
... cash receipts & payments over a particular period can be classified ...
... In US, public companies are required to disclose following information in MD&A, result from operations with trends in sales and expense, general business overview based on known trends ...
... Information on unusual or infrequent items and extraordinary items etc. - Additional information, required to be disclosed, under MD&A: Discussion of effects of known trends on business, discussion over accounting policies ...
... Information on unusual or infrequent items and extraordinary items etc.- Capital resources and liquidity along with trends in cash flows - Discussion over accounting policies requiring significant judgment ...
... of which one is - capital resources and liquidity ...
... likely to contain information on: Accounting policies - estimations used ...
... and assumption used in preparing Financial statements ...
... List of officers and directors of company - Details of business acquisitions ...
... regarding the company's financial condition, the results of operations, favorable, or unfavorable trends, and significant events ...
... Off balance sheet financing - contingencies and commitments - fair value ...
... equipment (i.e. Noncurrent assets used in the production of income) ...
