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0answers
10 views

Correlating information between Cash Flow Statement & the Balance Sheet/P&L statements

I am trying to correlate information between the cash flow statement & the Balance sheet. This is for Annual Report 2017 for Take Solutions https://www.takesolutions.com/Reports_Filings/2016-17/...
-2
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1answer
34 views

How register a prepaid expense? [on hold]

I'm studying the prepaid expense in accounting but I'm little confused by the presentation. I'm wondering why we have to put prepaid-expense as an expense then amortize. I'm wondering if I have to let ...
1
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3answers
170 views

Why do the balance sheets of some large firms not balance?

I'm working my way through some accounting textbook and struggling to understand why some balance sheets on Yahoo Finance don't balance, as in: total assets - total liabilities != total shareholders ...
1
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1answer
30 views

What does it mean on a 10-K balance sheet when a field is blank for a single year?

I am looking at a corporate balance sheet in a 10-K for Chipotle and the line for Long term investments is $125b for 2016, but blank for 2017. What does it mean when a company doesn't list this info ...
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1answer
65 views

Is there any resource that provides a list of the most used/common components of the different statements (e.g. balance sheet) of an annual report? [closed]

I am looking for a resource that provides a list of a "perfect": statement of financial position (balance sheet) statement of earnings statement of cash flow containing components (e.g. for the ...
-3
votes
2answers
54 views

Getting Balance Sheet for 3 months from 1 year data [closed]

I come from computer background with no knowledge of accounting. I have a balance sheet for the period 2017 April - 2018 March. I need to get the balance sheet for the period 2018 Jan - 2018 March. ...
1
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1answer
72 views

Terminology question about chart of accounts, general ledger [closed]

I'm trying to learn the correct terminology for the place where I see ALL the "accounts" AND their balances in an accounting app. I use QuickBooks and if I want to see all of this, I click "Chart of ...
2
votes
1answer
106 views

GnuCash Loan and Credit Card showing as debits

Setup GnuCash 2.6.12 Ubuntu 16 $10,000 loan from external party (Brandon) In the official GnuCash documentation, it states that: GnuCash treats account types Credit Card and Liability the same. ...
37
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2answers
6k views

What does “gold reserves” on a gold mining company's balance sheet mean?

From a Reuters article: On Wednesday, [Newmont Mining Corp] reported gold reserves of 68.5 million ounces for 2017, unchanged from 2016, as it replaced reserves through exploration, projects, ...
0
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1answer
137 views

Bank - bad loan provision & bad debt written off [closed]

I am doing financial health analysis for banks. The health checks involved are: Bad Loan provisions > actual Bad Debts written off ? I check across financial statements, there are 3 related fields: ...
1
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0answers
35 views

Meaning of negative stockholder equity [duplicate]

In McDonald's 2016 annual report Balance Sheet, it shows Total Liabilities is greater than Total Assets. So it's Total Stockholder's Equity appears to be negative, with these fields reported as ...
2
votes
2answers
162 views

Debt to asset ratio calculation

When try to calculate debt-to-asset ratio, I came across different formulas. There are: Total debt divided by total asset, where Total debt = short-term debt + long-term debt from Balance Sheet. ...
5
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1answer
2k views

What does negative Total Equity means in McDonald's balance sheet?

I was wondering, what does negative Total Equity means in McDonald's balance sheet? Please refer to https://finance.google.com/finance?q=NYSE%3AMCD&fstype=ii&ei=3ZDCWaDdFcyauATPnb6wBg For "...
1
vote
1answer
63 views

Where should Accumulated deprecation appear on my personal balance sheet?

Looking at my balance sheet that my accountant prepared, and he has listed the depreciation of my property as follows Non Current Liabilities Provisions Accum Dep'n Property ...
0
votes
1answer
300 views

How do you set up current year bookkeeping based on previous year balance sheet and profit and loss items?

I'm setting up this year's accounting ledger for a sole proprietorship. It used to be done by CPAs in the past but I decided it's time to bite the bullet and start doing it myself. All is going well,...
4
votes
1answer
115 views

UK companies house - what can I glean from an abbreviated balance sheet?

I am trying to research someone who wants to do business with me. UK companie's house does not seem to have a profit & loss on file, just an abbreviated balance sheet? I removed the company umber,...
0
votes
1answer
1k views

Credit card expenses showing as Liabilities in QuickBooks

I have a business and I have a company credit card. I have linked this card with my QuickBooks online account. When I pull a "balance sheet comparison" report for the year, it is showing an amount in ...
-2
votes
3answers
3k views

How to find a public company's balance sheet and income statement?

In the U.S., if a company's stock is publicly traded, it is legally required to file public financial disclosures to Securities and Exchange Commission. How can I find the balance sheet and income ...
0
votes
1answer
40 views

Where to get balance sheet and income statement info for many companies? [closed]

Is there a way to get raw data of balance sheets and income statements for many companies at once? What I would like to do it scan many tickers at once to see which have low p/e and current/cash ...
-5
votes
1answer
561 views

How does a public company turn shares into cash?

Once a company starts trading publicly, how do they turn shares into cash that they can then use to grow their business? From what I've read so far, it seems that pre-IPO an investment bank ...
2
votes
1answer
366 views

How to read a balance sheet to determine if a company has enough money to keep paying their employees?

I heard today while listening to an accounting podcast that a balance sheet (or maybe it was a cash-flow document) can be used to determine if a company has enough money to pay its employees. Since ...
0
votes
1answer
153 views

What is the math behind Buffett's 2015 Per-Share Investments figure for Berkshire Hathaway?

Multiplying the $159,794 figure by 1.6m shares gets me $262,541,542,000.00. Here's what I did to try and reproduce that figure (amounts in millions): My attempt Which is about 10 billion dollars off....
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1answer
516 views

Change In Cash and Cash Equivalents (cash flow) vs Cash And Cash Equivalents (balance sheet)

Goal: Figure out why Change In Cash and Cash Equivalents on the cash flow statement does not equal change in Cash And Cash Equivalents on the balance sheet. Example: Stock: DEO Period Ending: 6/...
-4
votes
1answer
75 views

Balance sheet, Net Increase [closed]

The December 31, 2013, balance sheet for Thomas Company showed total stockholders’ equity of $73,000. Total stockholders’ equity increased by $42,500 between December 31, 2013, and December 31, 2014. ...
2
votes
1answer
457 views

How to Create Personal Balance Sheet and Budget Plan for Several Accounts

I think the idea suggested in book Secrets of the Millionaire Mind that using several bank accounts to handle money is a good idea. So I opened a few bank accounts and tried to create my personal ...
0
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1answer
81 views

How do you compare the sales of a company like Coca Cola against another company like JPMorgan Chase to figure out the best investment opportunity?

I am wondering how to compare companies from the sales perspective. If I take a look into the balance sheet of Coca Cola) and take a look at the sales, they are pretty clear to understand. If I take ...
-2
votes
1answer
67 views

Balance Sheets: How a company can save money for further investments [closed]

I'm newbie on accounting and economy on general and there's a question that crossed my mind. In balance sheet, we start by putting the assets, then we put liabilities and the deference between the two,...
0
votes
1answer
148 views

Balance sheet, what does the number behind intangible assets mean?

Simple question, if a companies balance sheet shows it has intangible assets of 30,000, does this mean that the company has earned $30,000 by selling lets say software licenses, or the value of that ...
0
votes
1answer
302 views

Restated financial statements versus the original

Is there any reason you would want to look into the original statements if you have the restated available?
-1
votes
1answer
210 views

Few questions related to Balance sheet and Income Statement? [closed]

1.) Lets say I have Assets = 100 Liabilities = 50 Share holders equity = 50. Assets = Liabilities + Shareholders equity satisfies. Now at the end of the year say I have net Income of 20. My ...
1
vote
3answers
6k views

How does writing off a bad debt affect the balance sheet?

I was reading an article about financial statements, and I came across the term "Bad Debt" which falls under the category of unusual expenses on an income statement. Some companies just write off a ...
-1
votes
1answer
107 views

Fundamentals Look Great, What Now? [closed]

So after days of fundamental analysis on hunderds of stocks, I've narrowed it down to three that seem really good. Their margins are good, ratios are good, EPS and P/E are good, etc. What is the next ...
0
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4answers
505 views

Most effective Fundamental Analysis indicators for market entry

I am new to Fundamental Analysis. I purchased a few books on the subject which has proven valuable but time consuming. I was wondering if anyone with more experience than myself can recommend the ...
2
votes
4answers
451 views

Why does ExxonMobil's balance sheet show more liabilities than assets?

In analyzing balance sheet of ExxonMobile, based off of Yahoo Finance report, we run into the following figures for the year: Current Assets: 51,647,000 Total Liabilities: 175,592,000 Now Current ...
2
votes
2answers
532 views

Balance Sheet Retained Earnings

Trying to get my head around a balance sheet and can't make sense of the fact that a company can make year on year profits and pay out dividends each year, yet the retained earning deficit increases ...
1
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1answer
463 views

What does “Additional paid-in capital” mean on a balance sheet?

I was looking at the balance sheet of a publicly traded startup and noticed that the amount of cash they have increased even though they are operating at a loss. There's an item in the liabilities ...
2
votes
1answer
718 views

What does “issued XXX and YYY shares” mean?

I'm looking at a random company, Hain Celestial Group (HAIN). Their 10-Q from 2014-11-07 says on the first page: "As of November 3, 2014 there were 50,460,313 shares outstanding of the registrant’s ...
4
votes
4answers
5k views

Why doesn't change in accounts receivable on balance sheet match cash flow statement?

If we take a look at the balance sheet for Microsoft, I see Net Receivables as 21,485,000 [2014] and 19,118,000 [2013] On the cash flow statement, I see Changes In Accounts Receivables as (1,120,000)...
0
votes
1answer
80 views

How will the net assets of a bankrupt company be divided among the common share holders

If the net worth (assets - liabilities) of a company is 100,000, and there are a 100 shares outstanding, then in the event of bankruptcy, if I hold 1 share of the company, am I guaranteed to get: 100,...
-2
votes
1answer
76 views

What is a term for the elements of a balance sheet?

What is a term for the elements of a balance sheet? Specifically I need a term that includes assets, liabilities, and owners equity. This term (t) needs to be one where I can say x "is a" t where x ...
1
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0answers
106 views

How to get variables for calculating “intrinsic value” of Berkshire Hathaway?

I would like to calculate Berkshire Hathaway's balance sheet value and "intrinsic value" as described in Warren Buffett's Berkshire Hathaway - Uncovering Intrinsic Value. However, I can't figure out ...
0
votes
1answer
225 views

Working Capital Definition [closed]

I invest in receivables (factoring) and I'm trying to determine what obligors are a good and not deteriorating credit risk. Part of this involves assessing obligors that are extending their days ...
2
votes
1answer
373 views

what is shareholders' Equity in balance sheets?

Just stated learning about financial statement it is the tough, lots of calculations and stuff. I came across some balance sheets, read some online resources but I still can't grasp the idea of why ...
3
votes
1answer
339 views

What is “liquidation preference”, and what are its terms?

I'm new to reading balance sheets. I'm doing research on a company and noticed on page 5 of their balance sheet a long list of shares issued and outstanding with "liquidation preference $0.0001 per ...
3
votes
1answer
155 views

Should rented software be included on my LLC's balance sheet?

I am an incorporated freelance user experience (UX) designer with an LLC, and my state requires a personal property return with a balance sheet every year. I'm using cash accounting for my business ...
1
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1answer
119 views

Balance Sheet: Is it appropriate to list your company's annual budget as a Current Liability?

Accounting basis: accrual. I've estimated an arbitrary budget for my Company's next 12 months. Some of the values on there are precise certainties (such as my salary). Some of them are best guesses ...
3
votes
2answers
4k views

Per Capita Income VS. Household Income

One assertion I've read quite frequently is that household income is declining in the United States and that wages are not keeping up with inflation. In essence, these articles indicate that we're ...
6
votes
2answers
36k views

Lending money to someone: how to book?

I'm trying my hand at double-entry bookkeeping for my personal finances. While I get the gist, I have trouble with the details. Please bear with me if I use the wrong terminology. I have lent some ...
1
vote
2answers
4k views

How to account for Unrealized Gains in a Trial Balance?

Using GnuCash, When I run a Trial Balance on my accounts, my Debits exceed my Credits by 875.00 wich is the same amount of my Unrealized Gains on the Balance Sheet. How do I reconcile this in my ...
3
votes
1answer
159 views

Accounting Question - How Capital Investments are Tracked?

Based on the micro-balance sheet below - please help explain the following scenarios: 1st year we lost money - how will the capital account look at the end of the year? 1st year we break even - how ...