Skip to main content
Fachgebiete
Automobil + Motoren Bauwesen + Immobilien Business IT + Informatik Elektrotechnik + Elektronik Energie + Nachhaltigkeit Finance + Banking Management + Führung Marketing + Vertrieb Maschinenbau + Werkstoffe Versicherung + Risiko
DE
EN
Bücher
Zeitschriften
Themenseiten
Organisationspsychologie Projektmanagement Marketing Smart Manufacturing
Weitere Formate
Podcasts Webinare Technik Webinare Wirtschaft Kongresse Veranstaltungskalender Awards
Jetzt Einzelzugang starten
Zugang für Unternehmen
Referenzkunden
SLX-Digitalkonferenz: Zukunftswerkstatt 2024

Mehr Umsatz mit Top-Kontakten

Am 7. Mai erfahren Sie, wie Vertriebsteams Leadgenerierung, Leadnurturing und Leadstrategien effizient steuern können.
Erweiterte Suche
Anmelden
nach oben
Erschienen in:
Introduction: Capital Formation, Risk, and the Corporation Kapitel lesen Erstes Kapitel lesen

2022 | OriginalPaper | Buchkapitel

3. The Corporation Balance Sheet

verfasst von : John B. Guerard Jr., Anureet Saxena, Mustafa N. Gültekin

Erschienen in: Quantitative Corporate Finance

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

This chapter on the balance sheet and the following one on the income statement are designed to serve two modest purposes: to acquaint the student with accounting and financial terminology and concepts used throughout the book and to explain the two important accounting statements on an uncomplicated level so that the student can appreciate and use some of the information presented by the accountants. It is not the purpose of these chapters to review all the procedures of accounting.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Jetzt informieren
Vorheriges Kapitel The Corporation and Other Forms of Business Organization
Nächstes Kapitel The Annual Operating Statements: The Income Statement and Cash Flow Statement
Fußnoten
1
Essentially unrealized profits are ignored but unrealized losses affect the accounting results.
 
2
White et al. (1998), pp.274–275
 
3
White et al. (1998), pp.289–290
 
4
This constitutes “historical cost depreciation” in contrast to, say, “replacement cost depreciation,” where allowance might be made for changes in current costs.
 
5
On the other hand, a fall in price levels would enable a firm to increase its physical capacity through the reinvestment of depreciation allowances.
 
6
Sloan (1996) and Richardson et al. (2001) have shown that accrual’s provide information about earnings’ quality. Inventory accruals, the primary source of asset accruals, and accounts payables, the primary source of liability accruals, convey information. Richardson et al. (2001) showed that the setting of accruals, asset accruals less liability accruals, is an important source of financial information. Nondiscretionary accruals, accruals associated with sales growth and the level of firm operating activities, conveys information regarding earnings quality. Accrual information influences information attributable to efficiency. Sloan uses FASB 95 to define accruals as the difference between net income and cash flows from operating activities. Sloan (1996) found that stocks with extreme accruals have less persistent earnings and experience mean reversion in next year’s earnings.
 
7
This matter is taken up again in Chap. 9 on Bonds.
 
8
They may be called the proprietorship account in a single proprietorship or the partner’s equity in a partnership.
 
9
In bank balance sheets, the equivalent to the unappropriated earned surplus account is entitled undivided profits. The bank’s surplus account consists of capital surplus plus the retained earnings that are considered permanently committed to the business.
 
10
To add to the beginner’s confusion, current operating losses are often called operating deficits, or just deficits.
 
11
Because we use current liabilities and long-term debt in the TDTA calculation, and not total liabilities, the TDTA and SEQTA may not sum to 100%. Current liabilities and long-term debt represent the vast majority of total liabilities.
 
Literatur
Bernstein, L. (1988). Financial statement analysis: Theory, application, and interpretation (4th ed.). Irwin, Chapters 4, 5, 6, 7, and 8.
Brealey, R. A., & Myers, S. C. (2003). Principles of corporate finance (7th ed.). McGraw-Hill/Irwin. Chapter 31.
Chan, L. K. C., Hamao, Y., & Lakonishok, J. (1991). Fundamentals and stock returns in Japan. Journal of Finance, 46, 1739–1764.CrossRef
Chan, L. K. C., Lakonishok, J., & Hamao, Y. (1993). Can fundamentals predict Japanese stock returns. Financial Analysts Journal, 49, 63–69.
Fama, E. F., & French, K. R. (1992). Cross-sectional variation in expected stock returns. Journal of Finance, 47, 427–465.CrossRef
Fama, E. F., & French, K. R. (1995). Size and the book-to-market factors in earnings and returns. Journal of Finance, 50, 131–155.CrossRef
Graham, B., & Dodd, D. (1934). Security analysis: Principles and technique (1st ed.). McGraw-Hill Book Company.
Graham, B., Dodd, D., & Cottle, S. (1962). Security analysis: Principles and technique (4th ed.). McGraw-Hill Book Company.
Horngren. (1984). Introduction to financial accounting (2nd ed.). Prentice-Hall. Chapter 7.
Lakonishok, J., Shliefer, A., & Vishay, R. W. (1994). Contrarian investment, extrapolation and risk. Journal of Finance, 49, 1541–1578.CrossRef
Palepu, K. G., Healy, P. M., & Bernard, V. L. (2000). Business analysis & valuation (2nd ed.). South-Western College Publishing. Chapters 4, 5, 8.
Penman, S. H. (2001). Financial statement analysis and security analysis. McGraw-Hill/Irwin. Chapter 7.
Richardson, S. A., Sloan, R. G., Soliman, M. T., & Tuna, I. (2001). Information in accruals about the quality of earnings. University of Michigan Working Paper.CrossRef
Schwartz, E. (1962). Corporate finance. St. Martin’s Press. Chapter 3.
Sloan, R. G. (1996). Do stock prices reflect information in accruals and cash flows about future earnings? The Accounting Review, 71, 289–315.
Standard & Poor’s Stock Guide, May 2004.
Sunder, S. (1973). Relationship between accounting changes and stock prices: Problems of measurement and some empirical evidence. Journal of Accounting Research, 11, 1–45.
Weston, J. F., & Copeland, T. E. (1986). Managerial finance (8th ed.). The Dryden Press. Chapters 2, 11, 26.
White, G. I., Sondhi, A. C., & Fried, D. (1998). The analysis and use of financial statements (2nd ed.). Wiley, Chapters 2, 4.
Metadaten
Titel
The Corporation Balance Sheet
verfasst von
John B. Guerard Jr.
Anureet Saxena
Mustafa N. Gültekin
Copyright-Jahr
2022
Buch
Quantitative Corporate Finance

Print ISBN: 978-3-030-87268-7

Electronic ISBN: 978-3-030-87269-4

Copyright-Jahr: 2022

DOI
https://doi.org/10.1007/978-3-030-87269-4_3