The Stanford Video Guide to Financial Statements: The Tale of Two Restaurants
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Learn common-sense ways to get the most out of your financial statements with this accounting video.
Want to get more out of financial reports? This entertaining story gives you a revealing look at the accounting standards that dictate how calculations are made, and the assumptions that can make a surprising difference to your bottom line.
Stanford professor George Parker provides both line-by-line explanations of the three key financial statements used by US companies, and offers logical, common-sense approaches to interpreting what they reveal about profitability, value, and the ability to pay bills.
The Balance Sheet
- What does this company own?
- How much debt is it carrying?
How much money have investors put in?
The Income Statement
- What is the sales volume?
- What kind of expense is the company incurring?
- How much money is the company earning?
Which income figure should I look at: operating income, income before interest and taxes, or net income?
The Cash Flow Statement
- Will this company be able to pay its bills?
- Where's their cash flow coming from?
- In this accounting video, you'll follow along as Dr. George Parker tracks the progress of
- Jill and Perry, non-financial managers assigned to evaluate the financial statements of
- two restaurants their company has targeted for acquisition. Learn not just textbook definitions, but real world meanings and business consequences.
Guarantee: Using this business training video, viewers new to accounting will painlessly gain an understanding of the usually dry subject of financial statements.
Study Guide: As excellent as the Stanford Video Guide to Financial Statements is, any serious student should be provided this information-packed 63-page reference tool. A college accounting class could be taught from this one book - it addresses generally accepted accounting principles; types of assets; categories of liabilities; solvency ratios; types of income; depreciation and amortization; ratio analysis; current assets and cash flow, and more. Statements for the two restaurants are provided so that students can practice the lessons in the video. Guide includes a glossary of accounting terminology.