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Lecture Financial statement analysis (11/e): Chapter 4 - K. R. Subramanyam

Chapter 4 - Analyzing investing activities. In this chapter you will be able to: Define current assets and their relevance for analysis; explain cash management and its implications for analysis; analyze receivables, allowances for bad debts, and securitization; interpret the effects of alternative inventory methods under varying business conditions; explain the concept of long-term assets and its implications for analysis;. | 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. 4 CHAPTER Analyzing Investing Activities Current (Short-term) Assets Noncurrent (Long-term) Assets Resources or claims to resources that are expected to be sold, collected, or used within one year or the operating cycle, whichever is longer. Resources or claims to resources that are expected to yield benefits that extend beyond one year or the operating cycle, whichever is longer. Asset Introduction Classification 2 2 Current (Short-term) Assets Noncurrent (Long-term) Assets Cash & Equivalents Accounts Receivables Inventory Prepaid Expenses Fixed Assets Intangible Deferred charges Asset Introduction Classification 2 2 Cash Currency, coins and amounts on deposit in bank accounts, checking accounts, and some savings accounts. Current Asset Introduction Cash, Cash Equivalents and Liquidity 2 2 Cash Equivalents Short-term, highly liquid investments that are: Readily convertible to a known cash amount. Close to maturity date and not sensitive to interest rate changes. Current Asset Introduction Cash, Cash Equivalents and Liquidity 2 2 Companies risk a reduction in liquidity should the market value of short-term investments decline. Cash and cash equivalents are sometimes required to be maintained as compensating balances to support existing borrowing arrangements or as collateral for indebtedness. Current Asset Introduction Analysis of Cash and Cash Equivalents 2 2 Receivables are amounts due from others that arise from the sale of goods or services, or the loaning of money Accounts receivable refer to oral promises of indebtedness due from customers Notes receivable refer to formal written promises of indebtedness due from others Current Asset Introduction Receivables 2 2 Receivables are reported at their net realizable value — total amount . | 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. 4 CHAPTER Analyzing Investing Activities Current (Short-term) Assets Noncurrent (Long-term) Assets Resources or claims to resources that are expected to be sold, collected, or used within one year or the operating cycle, whichever is longer. Resources or claims to resources that are expected to yield benefits that extend beyond one year or the operating cycle, whichever is longer. Asset Introduction Classification 2 2 Current (Short-term) Assets Noncurrent (Long-term) Assets Cash & Equivalents Accounts Receivables Inventory Prepaid Expenses Fixed Assets Intangible Deferred charges Asset Introduction Classification 2 2 Cash Currency, coins and amounts on deposit in bank accounts, checking accounts, and some savings accounts. Current Asset Introduction Cash, Cash Equivalents