BUSI 1101 Lecture Notes - Lecture 12: Book Value, Accounts Receivable, Deferral

46 views2 pages

Document Summary

Chapter 2: a further look at financial statements. Learning objectives: identify the sections of a classified statement of financial position, identify and calculate ratios for analyzing a company s liquidity, solvency, and profitability, describe the framework for the preparation and presentation of financial statement. A classified statement of financial position generally contains standard classifications. Usually listed in order of liquidity: reverse order of liquidity also possible. Examples include cash, held-for-trading investments, accounts receivable, and prepaid expenses. Assets not expected to be converted to cash, and or used in the business within one year or one operating cycle. Examples: long-term investments, property, plant, and equipment, intangible assets and goodwill, other assets. Multi-year investments in: debt securities: loans, notes, bonds, mortgages, equity securities: shares of other companies. These assets are normally not intended to be sold (and converted to cash) within one year. Tangible assets with relatively long useful lives. Examples: land, buildings, equipment, furniture, computers, vehicles.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents