JMM 402 Lecture Notes - Lecture 9: Accounts Payable, Retained Earnings, Investment

• School: University of Miami
• Department: Journalism and Media Management
• Course: JMM 402
• Professor: Francois Ana

Document Summary

Unit 9: finance statements balance sheet & income statement: tools used by managers to monitor financial performance, statements, balance sheet. Items of value that a company owns or is due. Include cash, accounts receivable, land, buildings, equipment, and intangible assets: accumulated depreciation or amortization is subtracted from the assets, divided into current and fixed assets, current assets, cash, accounts receivable, fixed assets, land, buildings, equipment, machinery, vehicles. Intangible assets are the part of non-current assets. Intangible assets are nonphysical assets classified as: limited life (license agreements, copyrights, patents) indefinite life fixed assets (goodwill, trademarks and business franchises: amortization refers to spreading the cost of an intangible asset over its useful life. Intangible assets include patents, copyrights, and intellectual property: depreciation refers to prorating the cost of a tangible asset over its estimated life. Boards typically decide timing and amount of dividends. A (cid:271)ala(cid:374)(cid:272)e sheet is diffe(cid:396)e(cid:374)t f(cid:396)o(cid:373) a (cid:373)easu(cid:396)e of p(cid:396)ofit a(cid:374)d loss.