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Mastering Financial Statements for Entrepreneurs in Entertainment Technology

Learn the basics of financial statements with practical examples. Understand income statements, balance sheets, and cash flow. Explore accounting terms and resources to develop financial models. Join us and boost your financial knowledge today!

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Mastering Financial Statements for Entrepreneurs in Entertainment Technology

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Presentation Transcript

  1. Entrepreneurship in Entertainment Technology Welcome!

  2. Today’s Agenda • Financial Statements • Income Statements (P&L) • Balance Sheets • Cash Flow • Examples • Simple Statements • Facebook

  3. Financial Statements

  4. 3 Main Types • Income Statement (P&L) • Balance Sheet • Cash Flow

  5. Income Statement (P&L) • For a period of time (month, quarter, year, YTD) • Revenue – Expenses = Income

  6. Balance Sheet • At a moment in time (specific date) • Assets – Liabilities = Net Worth

  7. Cash Flow • For a period of time (month, quarter, year, YTD) • Beginning Cash – Ending Cash = Cash Flow

  8. Some Accounting terms • Cash vs. Accrual • Depreciation

  9. Examples

  10. Simple statements

  11. FACEBOOK • Source: • Public Filings found at edgar.sec.gov

  12. Next Class

  13. Financial Models • Plan vs. Model • Developing a model for your company • Turning the model into a plan

  14. Resources

  15. Resources • Financial Statements Used in Class • Facebook documents at http://edgar.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm • Websites • SEC Filings edgar.sec.gov • IRS Employer’s Tax Guide www.irs.gov/pub/irs-pdf/p15.pdf • Accounting Software • Quickbookswww.quickbooks.com • Mint www.mint.com • avc.com – MBA Mondays www.avc.com/a_vc/mba-mondays/ • www.avc.com/a_vc/2010/03/the-profit-and-loss-statement.html • www.avc.com/a_vc/2010/03/the-balance-sheet.html • www.avc.com/a_vc/2010/03/cash-flow.html • www.avc.com/a_vc/2010/04/analyzing-financial-statements.html

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