TAILIEUCHUNG - Lecture note Essentials of corporate finance – Chater 2: Financial statements, taxes and cash flow

The topics discussed in this chapter are financial statements, taxes and cash flow. On completion of this chapter students will: Know the difference between book value and market value, know the difference between accounting income and cash flow, know the difference between average and marginal tax rates, know how to determine a firm’s cash flow from its financial statements. | 2- McGraw-Hill/Irwin Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved. 2- Key Concepts and Skills Know: The difference between book value and market value The difference between accounting income and cash flow The difference between average and marginal tax rates How to determine a firm’s cash flow from its financial statements 2- Chapter Outline The Balance Sheet The Income Statement Taxes Cash Flow 2- The Balance Sheet A snapshot of the firm’s assets and liabilities at a given point in time (“as of ”) Assets Left-hand side (or upper portion) In order of decreasing liquidity Liabilities and Owners’ Equity Right-hand side (or lower portion) In ascending order of when due to be paid Balance Sheet Identity Assets = Liabilities + Stockholders’ Equity 2- The Balance Sheet Figure 2- The Balance Sheet Net working capital Current Assets minus Current Liabilities Usually positive for a healthy firm Liquidity .

• Tài chính doanh nghiệp
• Corporate finance
• Essentials of corporate finance
• Financial management
• Business finance
• Financial statements
• Cash flow
• Intermediate corporate finance
• Lecture Intermediate corporate finance
• Tài chính doanh nghiệp
• Corporate valuation
• Value based management
• Fundamentals of corporate finance
• Business organization
• International corporate finance
• Capital market history
• Raising capital
• Financial leverage
• Financial reporting
• Social welfare
• Forward contracts
• The stock markets
• Basic return concepts
• Portfolio theory
• Bond valuation
• Basic stock valuation
• Accounting for financial management
• Analysis of financial statements
• Financial planning
• Forecasting financial statements
• Capital budgeting
• Decision criteria
• Estimating cash flows
• Real options
• Capital structure decisions
• The levered firm
• Cash management
• Financial distress
• Hedging risk
• Warrants and convertibles
• Principles of corporate finance
• Understanding options
• Valuing options
• Financial analysis
• Financial manager
• Financial institutions