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Lecture Financial statement analysis (11/e): Chapter 3.2 - K. R. Subramanyam

Chapter 3 describes accounting analysis of financing activities - both creditor and equity financing. The main contents of this chapter include all of the following: Liabilities, capital (stockholders’ equity), off balance sheet transactions. | Financial Statement Analysis K.R. Subramanyam Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Analyzing Financing Activities 3 CHAPTER Overview of Chapter Companies operations are financed by various sources: Liabilities Capital (Stockholders’ Equity) Off balance sheet transactions Companies’ Financing Sources Liabilities Capital (Stockholders’ Equity) Off balance sheet transactions Liabilities What are the two major types of liabilities? Operating Liabilities Financing Liabilities Obligations that arise from operating activities--examples are accounts payable, unearned revenue, advance payments, taxes payable, postretirement liabilities, and other accruals of operating expenses Obligations that arise from financing activities--examples are short- and long-term debt, bonds, notes, leases, and the current portion of long-term debt Liabilities Alternative Classification 5 73 Liabilities What are some key features in analyzing liabilities? Liabilities Important Features in Analyzing Liabilities Terms of indebtedness (such as maturity, interest rate, payment pattern, and amount). Restrictions on deploying resources and pursuing business activities. Ability and flexibility in pursuing further financing. Obligations for working capital, debt to equity, and other financial figures. Dilutive conversion features that liabilities are subject to. Prohibitions on disbursements such as dividends. Liabilities How are liabilities classified in the financial statements? Current (short-term) Liabilities Noncurrent (Long-Term) Liabilities Obligations whose settlement requires use of current assets or the incurrence of another current liability within one year or the operating cycle, whichever is longer. Obligations not payable within one year or the operating cycle, whichever is longer. Liabilities Classification 2 2 Companies’ Financing Sources Liabilities Capital . | Financial Statement Analysis K.R. Subramanyam Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Analyzing Financing Activities 3 CHAPTER Overview of Chapter Companies operations are financed by various sources: Liabilities Capital (Stockholders’ Equity) Off balance sheet transactions Companies’ Financing Sources Liabilities Capital (Stockholders’ Equity) Off balance sheet transactions Liabilities What are the two major types of liabilities? Operating Liabilities Financing Liabilities Obligations that arise from operating activities--examples are accounts payable, unearned revenue, advance payments, taxes payable, postretirement liabilities, and other accruals of operating expenses Obligations that arise from financing activities--examples are short- and long-term debt, bonds, notes, leases, and the current portion of long-term debt Liabilities Alternative Classification 5 73