CHAPTER 4 & 5 – BALANCE SHEET AND INCOME STATEMENT
-Identify the different financial statements (BS*, IS, Statement of Stockholders’ Equity, and related notes) -Identify the different components of the BS (Assets: current and long term; Liabilities: current and long term; stockholders’ equity: preferred stock, common stock, PIC, treasury stock) -Identify the different component of the IS (Gross profit, earnings before interest and taxes, interest expense, income tax expense, income from continuing operations, discontinued activities, extraordinary items) -Identify within the IS, BS and Stockholders equity statement: comprehensive income,OCI and accumulated OCI
CHAPTER 10 - PPE
-Identify the different components of PPE (property, plant, equipment) and related accumulation depreciation. Locate the depreciation methods and estimates used for the calculations. -Identify valuation basis (market value or historical costs) and describe the impairment testing procedure for PPE. -Identify the amount of depreciation expense in the IS (or the notes) Compute profitability ratios and provide a short analysis (see exercise 10-26B).
CHAPTER 11 - INTANGIBLES
-Identify the different components of Intangible assets (marketing, customer, contractual, technological, goodwill) and related accumulation amortization (if available). Locate the amortization methods and estimates used for the calculations. -Identify if they have definite or indefinite life
- Describe the impairment testing procedure for PPE.
-Identify the amount of amortization expense in the IS (or the notes)
CHAPTER 12 - LIABILITIES
- Identify current liabilities (including contingencies) in the BS - Identify the LT liabilities (nature and the total amount) in the BS - Identify the amount of interest expense in the IS
- What type contingencies are disclosed, their probability of occurrence and their range of estimate. - Determine the number of LT debts (loans, bonds...
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