ACTG 2300 Lecture 1: Day 1 Notes

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Day 1 1/6
Product tangible good
Service intangible good (google)
10K
Def: Annual report submitted to the SEC
Large companies have 60 days
Revenue
Money collected from customers through sales of services/products
Profit
Difference between revenues and expenses
Debt to Equity Ratio
Equity
Money provided to the company by shareholders
Internal funds
Stock Price
How much one is willing to pay for a share on the market
Value depends on # of shares
Accounting
Discipline concerned with assessing the firm’s performance
Helps us look at which is the best performing company
Use indicators to help assess performance of business
o 1 indicator is not enough to gage performance
Compare to different things
o Previous years
o Other companies in the industry
Statements
Income statement
o Shows net income
o Shows how income is obtained
Statement of cash flows
o Shows the change in cash and what shows the change in cash
o Operating, investing, financing
Statement of stockholders’ equity
o To show the change in equity
o Can be amount given BY shareholders or given TO shareholders
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