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Accounting & Financial Reporting

Accounting & Financial Reporting. BUSG 503 Michael Dimond. Financial Accounting for MBAs. Let’s review Website access? eMail address? Berkshire Hathaway from SEC website?. How do these compare to Berkshire Hathaway?. What are these figures for Berkshire Hathaway?.

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Accounting & Financial Reporting

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  1. Accounting & Financial Reporting BUSG 503Michael Dimond

  2. Financial Accounting for MBAs • Let’s review • Website access? • eMail address? • Berkshire Hathaway from SEC website?

  3. How do these compare to Berkshire Hathaway?

  4. What are these figures for Berkshire Hathaway?

  5. How did R/E change for Berkshire Hathaway? • What dividend did they pay? • Did any other cash flow out of the company to shareholders?

  6. NOTE: The book uses average assets, but I usually use EOY assets • How does the DuPont Identity look for Berkshire Hathaway? • What is their ROE? • How profitable are they? • How efficiently do they use their assets? • What is their ROA? • How much does leverage help the investors?

  7. Connections at a practical level drive performance • Operations produce results • Assets are invested in to support operations • Investment is supported by financing • All of these have costs

  8. Assets: What does the company own?

  9. Liabilities & equity: How did they pay for assets?

  10. Income Statement: What are revenues & expenses? • Revenue recognition • Matching principle

  11. What if something unusual happens? • The fact something is considered unusual means it does not normally happen

  12. Statement of Shareholders’ Equity • How did the ownership & wealth change?

  13. For next week… • Exercises E2-27, 28, 29, 33, 34, & 37 • We will go through these in class • Read Chapter 3 & preview the Mini Exercises

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