公司理财原书第七版第二章会计报表与现金流量PPT课件

-26 -20 $805 $725
Total liabilities and stockholder's equity $1,879 $1,742
McGraw-Hill/Irwin Corporate Finance, 7/e
© 2005 The McGraw-Hill Companies, Inc. All Rights Reserved.
2-0
CHAPTER
2
Accounting Statements and Cash Flow
McGraw-Hill/Irwin Corporate Finance, 7/e
© 2005 The McGraw-Hill Companies, Inc. All Rights Reserved.
整体概述
When analyzing a balance sheet, the financial manager should be aware of three concerns: accounting liquidity, debt versus equity, and value versus cost.
Net property, plant, and equipment 873
Intangible assets and other
245
Total fixed assets
$1,118
$1,274 -460 814 221
$1,035
Total assets
$1,879 $1,742
The aansdsLSeiatotbcsiklihtaioelsrd(eeDr'eslbiEts)qtueityd in o20rXd2er 2b0Xy1
ClCeoammrloyn ,stoccka(s$h1 peirsvamlue)uch mor5e5 32
liqACucacpiuitdmalustluahrtepadlurnsetapinerdoeparneinrgtsy, plan33t4970and332477
equipment. Less treasury stock Total equity
cash. Long-term liabilities: Deferred taxes
$117 $104
Long-term debt
471 458
Total long-term liabilities
$588 $562
Stockholder's equity:
Preferred stock
$39 $39
2-5
Accounting Liquidity
Refers to the ease and quickness with which assets can be converted to cash.
Current assets are the most liquid.
The more liquid a firm’s assets, the less likely the firm is to experience problems meeting short-term obligations.
the length of Current Liabilities: Accounts payable
time
it
norm$21a3lly$197
woNoutelsdpaytaablke e a firm with on5g0 oing53
Accrued expenses
223 205
opeTroatatl icourrnenst litaobilictieos nvert the$4m86 in$t4o55
2.1 The Balance Sheet
2.2 The Income Statement
2.3 Net Working Capital
2.4 Financial Cash Flow
2.5 The Statement of Cash Flows
2.6 Financial Statement Aຫໍສະໝຸດ Baidualysis
An accountant’s snapshot of the firm’s accounting value as of a particular date.
The Balance Sheet Identity is:
Assets ≡ Liabilities + Stockholder’s Equity
McGraw-Hill/Irwin Corporate Finance, 7/e
© 2005 The McGraw-Hill Companies, Inc. All Rights Reserved.
2-4
The Balance Sheet of the U.S. Composite Corporation
U.S. COMPOSITE CORPORATION Balance Sheet 20X2 and 20X1 (in $ millions)
Assets Current assets:
Cash and equivalents Accounts receivable Inventories Other
2.7 Summary and Conclusions
McGraw-Hill/Irwin Corporate Finance, 7/e
© 2005 The McGraw-Hill Companies, Inc. All Rights Reserved.
2-3
2.1 The Balance Sheet
概述一
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概述二
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概述三
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McGraw-Hill/Irwin Corporate Finance, 7/e
© 2005 The McGraw-Hill Companies, Inc. All Rights Reserved.
2-2
Chapter Outline
Total current assets
20X2 20X1
$140 294 269 58
$761
$107 270 280 50
$707
Fixed assets:
Property, plant, and equipment $1,423
Less accumulated depreciation -550