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A Detailed Look at Financial Statements

Recorded on: Jun. 5, 2013
Running Time: 01:30:05

Full Transcript:


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Taken from the Web Program Pocket MBA Summer 2013: Finance for Lawyers recorded June, 2013 in San Francisco.

Lecture Topics  [01:30:05]

A Detailed Look at Financial Statements  [01:30:05]
  • 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
  • How to read financial statements
  • Role of the auditor
The purchase price of this segment includes the following article from the Course Handbook available online:
  • Deloitte, Audit Committee Brief, Evaluating the External Auditor (February 2013)
    Preethi Desa, Sally Ann Flood
  • Deloitte, Audit Committee Brief, Top Issues for Audit Committees in 2013 (November/December 2012)
    Preethi Desa, Sally Ann Flood
  • A Detailed Look at Basic Financial Statements (Powerpoint Slides)
    Preethi Desa, Sally Ann Flood

Presentation Material

  • A Detailed Look at Financial Statements
    Preethi Desa, Sally Ann Flood
Speaker(s)
Preethi Desa ~ Audit Partner, Deloitte & Touche LLP
Sally Ann Flood ~ Audit Partner, Deloitte & Touche LLP
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