Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 1
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Chapter
16
Understanding Corporate
Annual Reports: Basic Financial
Statements
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 2
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Assets
Liabilities
Equity
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 3
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Operating Cycle
Cash
$100,000
Accounts
receivable
$160,000
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 4
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Learning
Objective 1
Assets Example
May 31
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 5
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Cash Equivalents
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 6
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Depreciation
Cost
Expense
Acquisition cost Estimated residual value
= Amount to be charged as expense
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 7
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Depreciation
Straight-line method
Accelerated methods
Units-of-production method
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 8
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Intangible Assets
Intangible assets are a class of
long-lived assets that are not
physical in nature.
What are some examples?
Patents
Copyrights
Goodwill
Trademarks
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 9
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Learning
Objective 2
Liabilities Example
2006
May 31
2005
rent liabilities:
urrent portion of long-term debt
$ 255.3
$
6.2
otes payable
43.4
69.8
ccounts payable
952.2
775.0
ccrued liabilities
1,286.9
1,053.2
ncome taxes payable
85.5
95.0
al current liabilities
$2,623.3
$1,999.2
ncurrent liabilities:
ong-term debt
410.7
687.3
eferred income taxes and other liabilities
550.1
462
al noncurrent liabilities
$ 960.8
$ 1,149.9
al liabilities
$3,584.1 $3,149.1
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 10
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Liabilities
Current Liabilities are an organizations
debts
that fall due within the
coming year or within
the normal
operating cycle whichever is longer.
Notes
Accrued
Payable
Liabilities
Current portion
Of long-term
debt
Accounts
Payable
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 11
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Liabilities
Noncurrent Liabilities (long-term) are
an organizations debts that fall due
beyond one year.
Deferred
Income Taxes
Notes
Payable
Long-Term
Debt
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 12
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Learning
Objective 3
May 31
2006
2005
holders equity:
mable preferred stock
$
0.3
$
0.3
on stock at stated value:
s A convertible-63.9 and 71.9 shares outstanding
.1
s B-192.1 and 189.2 shares outstanding
2.7
2.7
l in excess of stated value
1,451.4
1,182.9
ed earnings
4,713.4
4,396.5
117.6
62.0
l shareholders equity
$6,285.5
$5,644.5
iabilities and shareholders equity
$9,869.6
$8,793.6
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 13
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Stockholders Equity
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 14
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Common Stock
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 15
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Preferred Stock
Preferred stock has some priority over
other shares regarding dividends or the
distribution of assets upon liquidation.
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 16
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Treasury Stock
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 17
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Learning
Objective 4
Operating Performance
Multiple step
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 18
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Learning
Objective 5
Statement of
Retained Earnings
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 19
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 20
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Learning
Objective 6
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 21
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
Learning
Objective 10
LIFO
Weighted average
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 22
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
FIFO: First-In-First-Out
assumes that a company sells or uses
up first the stock acquired earliest. It uses
the latest costs to measure the ending inventory.
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 23
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
LIFO: Last-In-First-Out
Assumes that a company sells or uses up
first the stock acquired most recently. It
treats the most recent costs as cost of goods sold.
Weighted-Average-Cost:
Assigns the same unit cost to each unit available
for sale. Unit cost is the cost of all units available
for sale divided by the number of units available.
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 24
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle
The End
End of Chapter 16
2005 Prentice
Hall Business
Publishing,
Introduction toAccounting
Management
Accounting
13/e, Horngren/Sundem/Stratton
16 - 25
all Business
Publishing,
Introduction
to Management
14/e,
Horngren/Sundem/Stratton/Schatzberg/Burgstahle