AFM291 Lecture Notes - Lecture 2: Retained Earnings, International Financial Reporting Standards, Current Liability

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Chapter 2: introduction to financial statement analysis: the disclosure of financial statements. Financial statements firm-issued accounting reports with information on past performance: reporting process is centralized nationally through sedar (system for. Electronic document analysis and retrieval: sedar. com canadian/edgar. com u. s, filed with their provincial securities commission, interim financial statements are quarterly, annual reports are annual. Liabilities what the company owes: current liabilities due to be paid within the next year, accounts payable, notes payable, short-term debt, current maturities of long-term debt, other current liabilities (taxes & wages payable) Afsa education: long term liabilities liabilities that extend beyond one year, long-term debt, capital leases, future income tax. Market-to-book ratio or price-to-book ratio (p/b ratio: value stocks low market-to-book ratio, growth stocks high market-to-book ratio. Enterprise value = market value of equity + debt cash. Current ratio = current assets / current liabilities.

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