150 likes | 226 Views
Entrepreneurship in Entertainment Technology. Welcome!. Today’s Agenda. Financial Statements Income Statements (P&L) Balance Sheets Cash Flow Examples Simple Statements Facebook. Financial Statements. 3 Main Types. Income Statement (P&L) Balance Sheet Cash Flow.
E N D
Today’s Agenda • Financial Statements • Income Statements (P&L) • Balance Sheets • Cash Flow • Examples • Simple Statements • Facebook
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
FACEBOOK • 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 • Facebook documents at http://edgar.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.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