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Entrepreneurship in Entertainment Technology. Welcome!. Today’s Agenda. Financial Statements Income Statements (P&L) Balance Sheets Cash Flow Examples Worksheet (easy) PDI, April 1993 (medium) Zynga, Sept 2012 (hard). Financial Statements. 3 Main Types. Income Statement (P&L)
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Today’s Agenda • Financial Statements • Income Statements (P&L) • Balance Sheets • Cash Flow • Examples • Worksheet (easy) • PDI, April 1993 (medium) • Zynga, Sept 2012 (hard)
3 Main Types • Income Statement (P&L) • Balance Sheet • Cash Flow
Income Statement (P&L) • For a period of time (month, quarter, year, YTD) • Revenue – Expenses = Income
Balance Sheet • At a moment in time (specific date) • Assets – Liabilities = Net Worth
Cash Flow • For a period of time (month, quarter, year, YTD) • Beginning Cash – Ending Cash = Cash Flow
Some Accounting terms • Cash vs. Accrual • Depreciation
PDI – April 1993 • Source: • Personal Records
Zynga • Source: • Public Filings found at edgar.sec.gov
Financial Models • Plan vs. Model • Developing a model for your company • Turning the model into a plan
Resources • Financial Statements Used in Class • Zynga document at http://www.sec.gov/Archives/edgar/data/1439404/000119312512437790/d429539d10q.htm • Websites • SEC Filings edgar.sec.gov • IRS Employer’s Tax Guide www.irs.gov/pub/irs-pdf/p15.pdf • Accounting Software • Quickbookswww.quickbooks.com • Mint www.mint.com • avc.com – MBA Mondays www.avc.com/a_vc/mba-mondays/ • www.avc.com/a_vc/2010/03/the-profit-and-loss-statement.html • www.avc.com/a_vc/2010/03/the-balance-sheet.html • www.avc.com/a_vc/2010/03/cash-flow.html • www.avc.com/a_vc/2010/04/analyzing-financial-statements.html