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Boundless Lecture Slides

Boundless Lecture Slides. Available on the Boundless Teaching Platform. Free to share, print, make copies and changes. Get yours at www.boundless.com. Using Boundless Presentations. Boundless Teaching Platform

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Boundless Lecture Slides

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  1. Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www.boundless.com

  2. Using Boundless Presentations Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: • The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. http://boundless.com/teaching-platform • Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. If you have any questions or problems please email: educators@boundless.com Free to share, print, make copies and changes. Get yours at www.boundless.com

  3. About Boundless • Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1,000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, iOS apps, Kindle books, and iBooks. To get started learning or teaching with Boundless, visit boundless.com. Free to share, print, make copies and changes. Get yours at www.boundless.com

  4. The Income Statement Overview of Financial Statements The Balance Sheet The Statement of Cash Flows Special Considerations for Merchandising Companies ] Overview of Financial Statements Free to share, print, make copies and changes. Get yours at www.boundless.com

  5. Overview of Financial Statements > The Income Statement The Income Statement • Defining the Income Statement • Elements of the Income Statement • Noncash Items • Uses of the Income Statement • Limitations of the Income Statement • Effects of GAAP on the Income Statement Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/accounting/textbooks/boundless-accounting-textbook/overview-of-financial-statements-3/the-income-statement-24/

  6. Overview of Financial Statements > The Balance Sheet The Balance Sheet • Defining the Balance Sheet • Components of the Balance Sheet • Uses of the Balance Sheet • Preparation of the Balance Sheet • Temporal Classification • Assets • Liabilities and Equity • Liquidity • Working Capital • Debt to Equity • Market Value vs. Book Value • Limitations of the Balance Sheet Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/accounting/textbooks/boundless-accounting-textbook/overview-of-financial-statements-3/the-balance-sheet-25/

  7. Overview of Financial Statements > The Statement of Cash Flows The Statement of Cash Flows • Defining the Statement of Cash Flows • Components of the Statement of Cash Flows • Cash Flow from Financing • Cash Flow from Investing • Cash Flow from Operations • Interpreting Overall Cash Flow • Limitations of the Statement of Cash Flows Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/accounting/textbooks/boundless-accounting-textbook/overview-of-financial-statements-3/the-statement-of-cash-flows-26/

  8. Overview of Financial Statements > Special Considerations for Merchandising Companies Special Considerations for Merchandising Companies • Overview of Merchandising Operations • Recording Purchases • Recording Sales Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/accounting/textbooks/boundless-accounting-textbook/overview-of-financial-statements-3/special-considerations-for-merchandising-companies-27/

  9. Appendix Free to share, print, make copies and changes. Get yours at www.boundless.com

  10. Overview of Financial Statements Key terms • amortizationThe distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset. • amortizationThe distribution of the cost of an intangible asset, such as an intellectual property right, over the projected useful life of the asset. • assetItems of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable; securities and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (as opposed to liabilities). • AssetsA resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit. • balance sheetA balance sheet is often described as a "snapshot of a company's financial condition. " A standard company balance sheet has three parts: assets, liabilities, and ownership equity. • carrying valueIn accounting, book value or carrying value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or Impairment costs made against the asset. • cash equivalentsA deferred expense or prepayment, prepaid expense, plural often prepaids, is an asset representing cash paid out to a counterpart for goods or services to be received in a later accounting period. • cash flowThe sum of cash revenues and expenditures over a period of time. • deferredOf or pertaining to a value that is not realized until a future date, e.g. annuities, charges, taxes, income, either as an asset or liability. • deficitthe amount by which spending exceeds revenue • deposits in transitmoney sent from a company to its bank that does not yet appear in the bank account • depreciationThe measurement of the decline in value of assets. Not to be confused with impairment, which is the measurement of the unplanned, extraordinary decline in value of assets. Free to share, print, make copies and changes. Get yours at www.boundless.com

  11. Overview of Financial Statements • depreciationDepreciation subtracts a specified amount from the original purchase price to account for the wear and tear on the asset. • double-entry bookkeepingA double-entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts. • equityOwnership interest in a company, as determined by subtracting liabilities from assets. • fair market valueAn estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market. An estimate of fair market value may be founded either on precedent or extrapolation but is subjective. Fair market value differs from other ways of determining value, such as intrinsic and imposed value. • FIFOFIFO is an acronym for First In, First Out, which is an abstraction related to ways of organizing and manipulation of data relative to time and prioritization. This expression describes the principle of a queue processing technique or servicing conflicting demands by ordering process by first-come first-served (FCFS) behaviour: where the persons leave the queue in the order they arrive, or waiting one's turn at a traffic control signal. • FIFOMethod for for accounting for inventories. FIFO stands for first-in, first-out, and assumes that the oldest inventory items are recorded as sold first. • financingA transaction that provides funds for a business. • financing activitiesactions where money is flowing between the company and investors in the company, such as banks and shareholders • Fixed assetsAssets that produce revenues. They are distinguished from current assets by their longevity. They are not for resale. • Fixed assetsFixed assets, also known as non-current assets or property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets, such as cash or bank accounts, which are described as liquid assets. In most cases, only tangible assets are referred to as fixed. • FOB destinationthe seller will pay shipping costs and remain responsible for the goods until the buyer takes possession • FOB shipping pointthe buyer pays shipping cost and takes responsibility for the goods when the goods leave the seller's premises Free to share, print, make copies and changes. Get yours at www.boundless.com

  12. Overview of Financial Statements • free cash flownet income plus depreciation and amortization, less changes in working capital, less capital expenditure • GAAPGenerally Accepted Accounting Principles refer to the standard framework of guidelines, conventions, and rules accountants are expected to follow in recording, summarizing, and preparing financial statements in any given jurisdiction. • gross marginA measurement of how the cost of goods sold per unit impact overall profitability. • gross profitThe difference between net sales and the cost of goods sold. • gross salesThe total invoice value of sales, before deducting customers' discounts, returns, or allowances. • IFRSInternational Financial Reporting Standards. The major accounting standards system used outside of the United States. • income bonda debt instrument where coupon payments are only made if the issuer can afford it • income statementa calculation which shows the profit or loss of an accounting unit during a specific period of time, providing a summary of how the profit or loss is calculated from gross revenue and expenses • IncotermAny of a series of international sales terms that divide transaction costs and responsibilities between buyer and seller. • inventoryInventory includes goods ready for sale, as well as raw material and partially completed products that will be for sale when they are completed. • investing activitiesactions where money is put into something with the expectation of gain, usually over a longer term • investing activityAn activity that causes changes in non-current assets or involves a return on investment. Free to share, print, make copies and changes. Get yours at www.boundless.com

  13. Overview of Financial Statements • leverageThe use of borrowed funds with a contractually determined return to increase the ability of a business to invest and earn an expected higher return (usually at high risk). • liabilitiesProbable future sacrifices of economic benefits arising from present obligations to transfer assets or providing services as a result of past transactions or events. • liabilityAn obligation, debt, or responsibility owed to someone. • LIFOMethod for accounting for inventory. LIFO stands for last-in, first-out, and assumes that the most recently produced items are recorded as sold first. • liquidityA company's ability to meet its payment obligations, in terms of possessing sufficient liquid assets. • liquidityAn asset's property of being able to be sold without affecting its value; the degree to which it can be easily converted into cash. • liquidityAvailability of cash over short term: ability to service short-term debt. • liquidity ratiomeasurement of the availability of cash to pay debt • matching principleAccording to the principle, expenses are recognized when obligations are (1) incurred (usually when goods are transferred or services rendered, e.g. sold), and (2) offset against recognized revenues, which were generated from those expenses, no matter when cash is paid out. In cash accounting—in contrast—expenses are recognized when cash is paid out. • mergerThe legal union of two or more corporations into a single entity, typically assets and liabilities being assumed by the buying party. • net incomeGross profit minus operating expenses and taxes. • net salesThe value of sales generated by a company after deduction of returns, discounts, and the value of damaged or lost goods Free to share, print, make copies and changes. Get yours at www.boundless.com

  14. Overview of Financial Statements • non-cash financing activitiesNon-cash financing activities may include leasing to purchase an asset, converting debt to equity, exchanging non-cash assets or liabilities for other non-cash assets or liabilities, and issuing shares in exchange for assets. • obsolescenceThe state of being obsolete—no longer in use; gone into disuse; disused or neglected. • operating liquidityThe ability of a company or individual to quickly convert assets to cash for the purpose of paying operating expenses. • Preferred StockStock with a dividend, usually fixed, that is paid out of profits before any dividend can be paid on common stock. It also has priority to common stock in liquidation. • purchase discounta reduced payment from the customer based on invoice payment terms • purchase returnmerchandise given back to the seller from the buyer after the sale in return for a refund • sales discountreduced payment from the customer based on invoice payment terms • sales invoicethe seller's name for a commercial document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer • sales returns and allowancea refund to customers for returned merchandise / credit notes or reductions in sales price for merchandise with minor defects agreed upon after the purchase • solvencyThe state of having enough funds or liquid assets to pay all of one's debts; the state of being solvent. • statement of cash flowsa financial document that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities • supply chainA system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer. Free to share, print, make copies and changes. Get yours at www.boundless.com

  15. Overview of Financial Statements • Temporal MethodCash, receivables, and liabilities are re-measured into U.S. dollars using the current exchange rate. • translationUses exchange rates based on the time assets. Liabilities acquired or incurred are required. Free to share, print, make copies and changes. Get yours at www.boundless.com

  16. Overview of Financial Statements Statement of cash flows The management of working capital involves managing inventories, accounts receivable and payable, and cash. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."05 Statement Cash Flows Trust Funds."CC BY-SAhttp://commons.wikimedia.org/wiki/File:05_Statement_Cash_Flows_Trust_Funds.jpgView on Boundless.com

  17. Overview of Financial Statements NYSE The cash from issuing stocks in a market such as the New York Stock Exchange is positive financing cash flow. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | New York Stock Exchange | Flickr - Photo Sharing!."CC BY-SAhttp://www.flickr.com/photos/smilygrl/5226627669/sizes/m/in/photostream/View on Boundless.com

  18. Overview of Financial Statements Machinery Machinery is an example of a noncash asset. Free to share, print, make copies and changes. Get yours at www.boundless.com Fotopedia.CC BY-SAhttp://www.fotopedia.com/items/flickr-6836303340View on Boundless.com

  19. Overview of Financial Statements Using the Balance Sheet The balance sheet is one of the financial reports included in a company's annual report. Free to share, print, make copies and changes. Get yours at www.boundless.com Stock.KCHNG."The Leading Source Of Free Stock Photos - stock.xchng."License: Otherhttp://www.sxc.hu/View on Boundless.com

  20. Overview of Financial Statements Four depreciation methods Different methods of depreciation affect the carrying value of an asset on balance sheets. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."4 Depreciation methods."CC BY-SAhttp://commons.wikimedia.org/wiki/File:4_Depreciation_methods.svgView on Boundless.com

  21. Overview of Financial Statements Depreciation methods which are essential in calculating book value 4 Depreciation methods (1. Straight-Line method, (2. Double-Declining Balance method, (3. Sum-of-the-Years' Digits method, (4.Productive output method) Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."4 Depreciation methods."CC BY-SAhttp://commons.wikimedia.org/wiki/File:4_Depreciation_methods.svgView on Boundless.com

  22. Overview of Financial Statements Income statement GAAP and IRS accounting can differ. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | y2cary3n6mng-5ha51l-income-statement-example | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/sampjb/7690678408/sizes/m/in/photostream/View on Boundless.com

  23. Overview of Financial Statements Example Income Statement Income statement Green Harbor LLC Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Income statement."GNU FDLhttp://en.wikipedia.org/wiki/Income_statementView on Boundless.com

  24. Overview of Financial Statements Retail store Merchandising is any practice which contributes to the sale of products to a retail consumer. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | Apple Retail Store da Chestnut St., em San Francisco (7/16) | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/rfischmann/2574254623/sizes/m/in/photostream/View on Boundless.com

  25. Overview of Financial Statements Sales Net sales are operating revenues earned by a company for selling its products or rendering its services. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | sale soldes uitverkoop | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/gerardstolk/5353030132/sizes/m/in/photostream/View on Boundless.com

  26. Overview of Financial Statements Shipping The initials FOB represent ownership and responsibilities involving the shipping and receiving of goods. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | Ship / Boat / Green | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/cubagallery/3995393830/sizes/m/in/photostream/View on Boundless.com

  27. Overview of Financial Statements Balance Sheet Preparation How to prepare a balance sheet. Free to share, print, make copies and changes. Get yours at www.boundless.com Stock.KCHNG.License: Otherhttp://www.sxc.hu/pic/l/a/as/asterisco/348608_2617.jpgView on Boundless.com

  28. Overview of Financial Statements Temporal Classification Re-measurement to U.S. dollars. Free to share, print, make copies and changes. Get yours at www.boundless.com Stock.KCHNG.CC BY-SA 3.0http://www.sxc.hu/pic/m/c/cr/createsima/383391_people.jpgView on Boundless.com

  29. Overview of Financial Statements IAS 7 This chart illustrates the various important enactments of the International Accounting Standards, including the IAS 7. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."IAS 7."CC BY-SA 3.0https://en.wikipedia.org/wiki/IAS_7View on Boundless.com

  30. Overview of Financial Statements Income Statement Example This is a simple example of the typical line items on an income statement. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Cascadia_Wikimedians_User_Group_-_Income_statement_as_of_Dec_132C_2015.jpg."CC BY-SA 3.0https://upload.wikimedia.org/wikipedia/commons/a/ab/Cascadia_Wikimedians_User_Group_-_Income_statement_as_of_Dec_13%2C_2015.jpgView on Boundless.com

  31. Overview of Financial Statements Cash Flow Statement Example of cash flow statement (indirect method) Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Cash flow statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_flow_statement%23Indirect_methodView on Boundless.com

  32. Overview of Financial Statements Income statement Accounting for inventory can be done in different ways, leading to differences in statements. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | y2cary3n6mng-5ha51l-income-statement-example | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/sampjb/7690678408/sizes/m/in/photostream/View on Boundless.com

  33. Overview of Financial Statements Liquidity Monthly liquidity of an organic vegetable business Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Monthly-liquidity."CC BY-SAhttp://commons.wikimedia.org/wiki/File:Monthly-liquidity.pngView on Boundless.com

  34. Overview of Financial Statements The Balance Sheet If an error is found on a previous year's financial statement, a correction must be made and the financials reissued. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | y2cary3n6mng-q6hnvf-balance-sheet | Flickr - Photo Sharing!."CC BY-SAhttp://www.flickr.com/photos/sampjb/7690684984/sizes/m/View on Boundless.com

  35. Overview of Financial Statements A Sample Income Statement Expenses are listed on a company's income statement. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | y2cary3n6mng-5ha51l-income-statement-example | Flickr - Photo Sharing!."CC BY-SAhttp://www.flickr.com/photos/sampjb/7690678408/sizes/l/View on Boundless.com

  36. Overview of Financial Statements Statement of cash flows Statement of cash flows includes cash flows from operating, financing and investing activities. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Statement of cash flows."GNU FDLhttp://en.wikipedia.org/wiki/Statement_of_cash_flowsView on Boundless.com

  37. Overview of Financial Statements Balance Sheet Sample Domestic Balance Sheet (DBS) to be referenced by Domestic Well-Being Accounting (DWBA) Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."DWBA DBS."CC BY-SAhttp://commons.wikimedia.org/wiki/File:DWBA_DBS.jpgView on Boundless.com

  38. Overview of Financial Statements Cash Flow Comparison Company B has a higher yearly cash flow. However, Company A is actually earning more cash by its core activities and has already spent 45 million dollars in long-term investments, of which revenues will show up after three years. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Cash Flow."GNU FDLhttp://en.wikipedia.org/wiki/Cash_FlowView on Boundless.com

  39. Overview of Financial Statements Statement of cash flows Sample statement of cash flows. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Statement of cash flows."GNU FDLhttp://en.wikipedia.org/wiki/Statement_of_cash_flowsView on Boundless.com

  40. Overview of Financial Statements US GAAP vs. IFRS Cash Flow Classification Some transactions may be classified as different types of cash flows under GAAP and IFRS accounting standards. Free to share, print, make copies and changes. Get yours at www.boundless.com Accounting News."statements:cash_flow_statement [Accounting News]."CC BY-SAhttp://accountingnews.org/doku.php?id=statements:cash_flow_statementView on Boundless.com

  41. Overview of Financial Statements Leverage Ratios of Investment Banks Each of the five largest investment banks took on greater risk leading up to the subprime crisis. This is summarized by their leverage ratio, which is the ratio of total debt to total equity. A higher ratio indicates more risk. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Leverage Ratios."CC BY-SAhttp://commons.wikimedia.org/wiki/File:Leverage_Ratios.pngView on Boundless.com

  42. Overview of Financial Statements Accounting equation Assets = Liabilities + Owner's Equity Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Liability (accounting)."GNU FDLhttp://en.wikipedia.org/wiki/Liability_(accounting)View on Boundless.com

  43. Overview of Financial Statements Attribution • Wiktionary."supply chain."CC BY-SA 3.0http://en.wiktionary.org/wiki/supply_chain • Wikipedia."Merchandising."CC BY-SA 3.0http://en.wikipedia.org/wiki/Merchandising • Wikipedia."Temporal Method."CC BY-SA 3.0http://en.wikipedia.org/wiki/Temporal%20Method • Wiktionary."translation."CC BY-SA 3.0http://en.wiktionary.org/wiki/translation • Wikipedia."Foreign exchange risk."CC BY-SA 3.0http://en.wikipedia.org/wiki/Foreign_exchange_risk • Wikipedia."Statement of cash flows."CC BY-SA 3.0http://en.wikipedia.org/wiki/Statement_of_cash_flows • Wiktionary."liquidity."CC BY-SA 3.0http://en.wiktionary.org/wiki/liquidity • Wiktionary."solvency."CC BY-SA 3.0http://en.wiktionary.org/wiki/solvency • Wiktionary."fair market value."CC BY-SA 3.0http://en.wiktionary.org/wiki/fair_market_value • Wiktionary."deferred."CC BY-SA 3.0http://en.wiktionary.org/wiki/deferred • Wikipedia."Income statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Income_statement • Wikipedia."FIFO."CC BY-SA 3.0http://en.wikipedia.org/wiki/FIFO • Wikipedia."Balance sheet."CC BY-SA 3.0http://en.wikipedia.org/wiki/Balance_sheet • Wikipedia."Fixed assets."CC BY-SA 3.0http://en.wikipedia.org/wiki/Fixed%20assets • Wiktionary."inventory."CC BY-SA 3.0http://en.wiktionary.org/wiki/inventory • Wiktionary."depreciation."CC BY-SA 3.0http://en.wiktionary.org/wiki/depreciation • Wikipedia."Cash flow statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_flow_statement%23Indirect_method Free to share, print, make copies and changes. Get yours at www.boundless.com

  44. Overview of Financial Statements • Wikipedia."Cash Flow."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_Flow • Wiktionary."GAAP."CC BY-SA 3.0http://en.wiktionary.org/wiki/GAAP • Wikipedia."Operating cash flow."CC BY-SA 3.0http://en.wikipedia.org/wiki/Operating_cash_flow • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//finance/definition/ifrs • Wikipedia."Goodwill (accounting)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Goodwill_(accounting) • Wikipedia."Balance sheet."CC BY-SA 3.0http://en.wikipedia.org/wiki/Balance_sheet • Wikipedia."Fixed assets."CC BY-SA 3.0http://en.wikipedia.org/wiki/Fixed%20assets • Wikipedia."Historical cost."CC BY-SA 3.0http://en.wikipedia.org/wiki/Historical_cost • Wikipedia."Intangible asset."CC BY-SA 3.0http://en.wikipedia.org/wiki/Intangible_asset • Wikipedia."carrying value."CC BY-SA 3.0http://en.wikipedia.org/wiki/carrying%20value • Wikipedia."Income statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Income_statement • Wikipedia."Amortization."CC BY-SA 3.0http://en.wikipedia.org/wiki/Amortization • Wikipedia."Asset."CC BY-SA 3.0http://en.wikipedia.org/wiki/Asset • Wikipedia."Depreciation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Depreciation • Wikipedia."Intangible asset."CC BY-SA 3.0http://en.wikipedia.org/wiki/Intangible_asset • Wiktionary."amortization."CC BY-SA 3.0http://en.wiktionary.org/wiki/amortization • Wiktionary."obsolescence."CC BY-SA 3.0http://en.wiktionary.org/wiki/obsolescence • Wiktionary."depreciation."CC BY-SA 3.0http://en.wiktionary.org/wiki/depreciation • Wikibooks."Intermediate Accounting/Preparation of Financial Statements."CC BY-SA 3.0http://en.wikibooks.org/wiki/Intermediate_Accounting/Preparation_of_Financial_Statements Free to share, print, make copies and changes. Get yours at www.boundless.com

  45. Overview of Financial Statements • Wikipedia."Fixed asset."CC BY-SA 3.0http://en.wikipedia.org/wiki/Fixed_asset • Wikibooks."Accountancy/Non-current assets."CC BY-SA 3.0http://en.wikibooks.org/wiki/Accountancy/Non-current_assets • Wikipedia."Income statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Income_statement • Wikipedia."FIFO and LIFO accounting."CC BY-SA 3.0http://en.wikipedia.org/wiki/FIFO_and_LIFO_accounting • Wikipedia."Depreciation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Depreciation • Wikipedia."Creative accounting."CC BY-SA 3.0http://en.wikipedia.org/wiki/Creative_accounting • Wikipedia."FIFO."CC BY-SA 3.0http://en.wikipedia.org/wiki/FIFO • Wikipedia."Matching principle."CC BY-SA 3.0http://en.wikipedia.org/wiki/Matching_principle • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//finance/definition/matching-principle • Wikibooks."Getting Started as an Entrepreneur/Plan/Measuring Your Success."CC BY-SA 3.0http://en.wikibooks.org/wiki/Getting_Started_as_an_Entrepreneur/Plan/Measuring_Your_Success • Wikipedia."LIFO."CC BY-SA 3.0http://en.wikipedia.org/wiki/LIFO • Wikipedia."Valuation (finance)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Valuation_(finance) • FinWorld."Corporate Governance Mechanisms And Cash Flow Forecasts Disclosure."CC BY-SA 3.0http://finworld.wikidot.com/corporate-governance-mechanisms-and-cash-flow-forecasts-disc • Wikipedia."Financial statement analysis."CC BY-SA 3.0https://en.wikipedia.org/wiki/Financial_statement_analysis • Wikipedia."Free cash flow."CC BY-SA 3.0https://en.wikipedia.org/wiki/Free_cash_flow • Wikipedia."Operating cash flow."CC BY-SA 3.0https://en.wikipedia.org/wiki/Operating_cash_flow • Wikipedia."Basis of accounting - Accrual basis."CC BY-SA 3.0https://en.wikipedia.org/wiki/Basis_of_accounting#Accrual_basis • Wikipedia."Accrual."CC BY-SA 3.0https://en.wikipedia.org/wiki/Accrual • Wikipedia."Cash flow."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cash_flow Free to share, print, make copies and changes. Get yours at www.boundless.com

  46. Overview of Financial Statements • Wikipedia."Cash flow statement."CC BY-SA 3.0https://en.wikipedia.org/wiki/Cash_flow_statement • Wikipedia."Sales (accounting)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Sales_(accounting) • Wikipedia."Sales (accounting)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Sales_(accounting) • Wikipedia."Sales (accounting)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Sales_(accounting) • Wikipedia."double-entry bookkeeping."CC BY-SA 3.0http://en.wikipedia.org/wiki/double-entry%20bookkeeping • Wiktionary."net sales."CC BY-SA 3.0http://en.wiktionary.org/wiki/net_sales • Wikipedia."Invoice."CC BY-SA 3.0http://en.wikipedia.org/wiki/Invoice • Wiktionary."gross sales."CC BY-SA 3.0http://en.wiktionary.org/wiki/gross_sales • Wikipedia."Sales (accounting)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Sales_(accounting) • Wikipedia."Free On Board."CC BY-SA 3.0http://en.wikipedia.org/wiki/Free_On_Board • Wikipedia."FOB (shipping)."CC BY-SA 3.0http://en.wikipedia.org/wiki/FOB_(shipping) • Wikipedia."FOB (shipping)."CC BY-SA 3.0http://en.wikipedia.org/wiki/FOB_(shipping) • Wikipedia."Purchasing."CC BY-SA 3.0http://en.wikipedia.org/wiki/Purchasing • Wikipedia."Purchase Discount."CC BY-SA 3.0http://en.wikipedia.org/wiki/Purchase_Discount • Wiktionary."Incoterm."CC BY-SA 3.0http://en.wiktionary.org/wiki/Incoterm • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//accounting/definition/deposits-in-transit • Wikipedia."Cash flow statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_flow_statement • Wiktionary."financing."CC BY-SA 3.0http://en.wiktionary.org/wiki/financing • Wikipedia."Cash flow statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_flow_statement%23Financing_activities Free to share, print, make copies and changes. Get yours at www.boundless.com

  47. Overview of Financial Statements • Wikibooks."Accountancy/Cash Flow Statement."CC BY-SA 3.0http://en.wikibooks.org/wiki/Accountancy/Cash_Flow_Statement • Wikipedia."Debt-to-equity ratio."CC BY-SA 3.0http://en.wikipedia.org/wiki/Debt-to-equity_ratio • Wiktionary."leverage."CC BY-SA 3.0http://en.wiktionary.org/wiki/leverage • Wiktionary."balance sheet."CC BY-SA 3.0http://en.wiktionary.org/wiki/balance_sheet • Global Text Project."Accounting Principles: A Business Perspective, Volume 2: Managerial Accounting by James Don Edwards."CC BY 3.0https://dl.dropboxusercontent.com/u/31779972/Accounting%20Principles%20Vol.%202.pdf • Wikibooks."Sustainable Business/Finance."CC BY-SA 3.0http://en.wikibooks.org/wiki/Sustainable_Business/Finance • Wiktionary."liability."CC BY-SA 3.0http://en.wiktionary.org/wiki/liability • Wiktionary."asset."CC BY-SA 3.0http://en.wiktionary.org/wiki/asset • Wikipedia."Goodwill (accounting)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Goodwill_(accounting) • Wikipedia."Balance sheet."CC BY-SA 3.0http://en.wikipedia.org/wiki/Balance_sheet • Wiktionary."liquidity."CC BY-SA 3.0http://en.wiktionary.org/wiki/liquidity • Global Text Project."Accounting Principles: A Business Perspective, Volume 2: Managerial Accounting by James Don Edwards."CC BY 3.0https://dl.dropboxusercontent.com/u/31779972/Accounting%20Principles%20Vol.%202.pdf • Wikibooks."Sustainable Business/Finance."CC BY-SA 3.0http://en.wikibooks.org/wiki/Sustainable_Business/Finance • Wiktionary."liabilities."CC BY-SA 3.0http://en.wiktionary.org/wiki/liabilities • Wiktionary."equity."CC BY-SA 3.0http://en.wiktionary.org/wiki/equity • Global Text Project."Accounting Principles: A Business Perspective, Volume 2: Managerial Accounting by James Don Edwards."CC BY 3.0https://dl.dropboxusercontent.com/u/31779972/Accounting%20Principles%20Vol.%202.pdf • Wikibooks."Sustainable Business/Finance."CC BY-SA 3.0http://en.wikibooks.org/wiki/Sustainable_Business/Finance • Wikipedia."Assets."CC BY-SA 3.0http://en.wikipedia.org/wiki/Assets • Wikipedia."non-cash financing activities."CC BY-SA 3.0http://en.wikipedia.org/wiki/non-cash%20financing%20activities Free to share, print, make copies and changes. Get yours at www.boundless.com

  48. Overview of Financial Statements • Wikipedia."Statement of cash flows."CC BY-SA 3.0http://en.wikipedia.org/wiki/Statement_of_cash_flows • Wikipedia."Financial ratio."CC BY-SA 3.0http://en.wikipedia.org/wiki/Financial_ratio • Wikipedia."Liquidity."CC BY-SA 3.0http://en.wikipedia.org/wiki/Liquidity • Wikipedia."Accounting liquidity."CC BY-SA 3.0http://en.wikipedia.org/wiki/Accounting_liquidity • Wikipedia."cash equivalents."CC BY-SA 3.0http://en.wikipedia.org/wiki/cash%20equivalents • Wikipedia."Investing."CC BY-SA 3.0http://en.wikipedia.org/wiki/Investing • Wikipedia."Cash flow statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_flow_statement • Wikipedia."Returning."CC BY-SA 3.0http://en.wikipedia.org/wiki/Returning • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//finance/definition/investing-activity • Wiktionary."merger."CC BY-SA 3.0http://en.wiktionary.org/wiki/merger • Wikibooks."Accountancy/Cash Flow Statement."CC BY-SA 3.0http://en.wikibooks.org/wiki/Accountancy/Cash_Flow_Statement • Wikipedia."Cash flow statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_flow_statement • Wikipedia."Cash Flow."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_Flow • Wikipedia."Free cash flow."CC BY-SA 3.0http://en.wikipedia.org/wiki/Free_cash_flow • Wiktionary."free cash flow."CC BY-SA 3.0http://en.wiktionary.org/wiki/free_cash_flow • Wiktionary."cash flow."CC BY-SA 3.0http://en.wiktionary.org/wiki/cash_flow • Wikipedia."Financial ratio."CC BY-SA 3.0https://en.wikipedia.org/wiki/Financial_ratio • Wikipedia."Financial statement."CC BY-SA 3.0https://en.wikipedia.org/wiki/Financial_statement • Wikipedia."Expense."CC BY-SA 3.0https://en.wikipedia.org/wiki/Expense Free to share, print, make copies and changes. Get yours at www.boundless.com

  49. Overview of Financial Statements • Wikipedia."Revenue."CC BY-SA 3.0https://en.wikipedia.org/wiki/Revenue • Wikipedia."Income statement."CC BY-SA 3.0https://en.wikipedia.org/wiki/Income_statement • Wikipedia."Liability (accounting)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Liability_(accounting) • Wikipedia."Balance sheet."CC BY-SA 3.0http://en.wikipedia.org/wiki/Balance_sheet%23Liabilities • Wikipedia."Equity (finance)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Equity_(finance) • Wikipedia."Preferred Stock."CC BY-SA 3.0http://en.wikipedia.org/wiki/Preferred%20Stock • Wikipedia."Market value."CC BY-SA 3.0http://en.wikipedia.org/wiki/Market_value • Wikipedia."Book value."CC BY-SA 3.0http://en.wikipedia.org/wiki/Book_value • Wiktionary."amortization."CC BY-SA 3.0http://en.wiktionary.org/wiki/amortization • Wikipedia."Current asset."CC BY-SA 3.0http://en.wikipedia.org/wiki/Current_asset • Wikipedia."Inventory."CC BY-SA 3.0http://en.wikipedia.org/wiki/Inventory%23Financial_accounting • Wikipedia."Goodwill (accounting)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Goodwill_(accounting) • Wikipedia."Prepaid expenses."CC BY-SA 3.0http://en.wikipedia.org/wiki/Prepaid_expenses • Wikipedia."Balance sheet."CC BY-SA 3.0http://en.wikipedia.org/wiki/Balance_sheet%23Assets • Wikipedia."Equity method."CC BY-SA 3.0http://en.wikipedia.org/wiki/Equity_method • Wiktionary."liquidity."CC BY-SA 3.0http://en.wiktionary.org/wiki/liquidity • Wikipedia."Accounts receivable."CC BY-SA 3.0http://en.wikipedia.org/wiki/Accounts_receivable • Wikipedia."Cash and cash equivalents."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_and_cash_equivalents • Wikipedia."Fixed asset."CC BY-SA 3.0http://en.wikipedia.org/wiki/Fixed_asset Free to share, print, make copies and changes. Get yours at www.boundless.com

  50. Overview of Financial Statements • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital • Wiktionary."deficit."CC BY-SA 3.0http://en.wiktionary.org/wiki/deficit • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//finance/definition/operating-liquidity • Wikipedia."Income statement."CC BY-SA 3.0http://en.wikipedia.org/wiki/Income_statement • Wikipedia."Statement of cash flows."CC BY-SA 3.0http://en.wikipedia.org/wiki/Statement_of_cash_flows • Wiktionary."income statement."CC BY-SA 3.0http://en.wiktionary.org/wiki/income_statement • Wiktionary."net income."CC BY-SA 3.0http://en.wiktionary.org/wiki/net_income • Wiktionary."gross profit."CC BY-SA 3.0http://en.wiktionary.org/wiki/gross_profit • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//finance/definition/income-bond • Wikibooks."Intermediate Accounting/Preparation of Financial Statements."CC BY-SA 3.0http://en.wikibooks.org/wiki/Intermediate_Accounting/Preparation_of_Financial_Statements Free to share, print, make copies and changes. Get yours at www.boundless.com

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