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A Detailed Look at Basic Financial Statements

Recorded on: Jun. 6, 2012
Running Time: 01:32:00

Full Transcript:


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Taken from the Web Program Pocket MBA Summer 2012 recorded June, 2012 in San Francisco.

Lecture Topics  [01:32:00]

A Detailed Look at Basic Financial Statements  [01:32:00]
  • The purpose of financial statements
    - Reporting to stakeholders
    - Comparability
  • Basic Financial Statements
    - Income Statement
    - Balance Sheet
    - Statement of Cash Flows
    - Statement of Shareholders’ Equity
  • Accounting fundamentals and core concepts
    - Matching principle, accrual method
    - Historical cost, fair value
    - Estimation and judgment
  • Case Study: Business Transactions
    - The mechanics of accounting
    - Impact to financial statements
    - Disclosures and footnotes
  • Role of the auditor
The purchase price of this segment includes the following article from the Course Handbook available online:
  • Deloitte, Key Factors Shaping Financial Reporting: The Decade Ahead
    Jason Downing, Dan Berner

Presentation Material

  • JDB Company Balance Sheets (Handout)
    Jason Downing
  • A Detailed Look at Basic Financial Statements
    Jason Downing
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