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Loyola Marymount University - BADM 3030 - Class Notes - Week 3

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Loyola Marymount University - BADM 3030 - Class Notes - Week 3

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background image Talk about the balance sheet. | Then an overview of Amazon’s 
balance sheet. 
You can have short-term liquidity problems but not be insolvent. 
But if you’re insolvent, you’re out of business. 
COGS sold, first it’s placed into inventory (like buying coffee cups 
in order to run Starbucks), and after you’ve made a sale, you 
place it into expenses. 
Maintenance = Liabilities.  Net income flows into your retained earnings.  Every public company has to issue financial statements, which is 
filed with the SEC as a 10-k. 
They also issue an annual shareholder report - in the report is a 
letter from the CEO, financial statements, and disclosures (or 
other information.) 
For SEC purposes, you must include the prior year in the balance 
sheet. Why? For a comparative basis… 
You can have several types of stock issued, preferred stock, 
common stock (a), (b), and so forth. 

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School: Loyola Marymount University
Department: Business
Course: Key Concepts of Accounting and Finance
Professor: J. Mark Hattendorf
Term: Spring 2018
Tags: Accounting and finance
Name: BADM 3030, week 3 notes
Description: Notes on liquidity, COGS, SEC filings.
Uploaded: 02/12/2018
1 Pages 19 Views 15 Unlocks
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