MGMT 3320 Lecture Notes - Lecture 1: Interest Expense, Financial Statement
12 Jan 2016
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Document Summary
General professional perspective: raw data to professional wisdom. Example: your client is growing and therefore wants to increase credit purchases from you. Local newspaper reports the client has had profits of 2mil, up 10% from last year. to grow inventory. Professional wisdom: raw data to information to intelligence to, raw data numbers, news, ex. Client growing, needs loan: information organize the data in meaningful way: client, intelligence what it all means, broader context, check economy and credit rating; ask for clients financial; first approx. Balance sheet (yearend: snapshot, balance of what the company owns and owes at a given. Income statement (normally the fiscal year or quarter year: explanation of how a company performed during a given point in time period of time. Statement of changes in shareholders equity: given balance statement and income statement results, normally the fiscal year or a quarter explains the changes of sh equity over a given period.
