ACTG 2300 Lecture 1: Day 1 Notes
7 Feb 2017
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Document Summary
Def: annual report submitted to the sec. Money collected from customers through sales of services/products. Money provided to the company by shareholders. How much one is willing to pay for a share on the market. Discipline concerned with assessing the firm"s performance. Helps us look at which is the best performing company. Use indicators to help assess performance of business: 1 indicator is not enough to gage performance. Compare to different things: previous years, other companies in the industry. Income statement: shows net income, shows how income is obtained. Statement of cash flows: shows the change in cash and what shows the change in cash, operating, investing, financing. Statement of stockholders" equity: to show the change in equity, can be amount given by shareholders or given to shareholders. Balance sheet: shows assets and funds, can be internal or external. Interested in income statements (users of financial info) Competitors what they can do better/doing good.
