Join Rudolph Rosenberg for an in-depth discussion in this video Assets, part of Financial Literacy: Reading Financial Reports.
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- [Voiceover] The asset section of the balance sheet…as we saw previously,…is containing everything that the company owns.…It is the plus side, or positive side,…of the balance sheet.…This includes a variety of elements.…They all have one thing in common,…they have a dollar value and can be turned into cash.…Those elements are cash, accounts receivable,…inventory, prepaid expenses,…net fixed assets, and other assets.…Those assets are split into two sub categories,…current assets, which group together all the assets…that relate directly to the date…the activity of the company,…and fixed and other assets,…which are investments that have been made…to enable such things as production,…or having office space.…
Those are necessary to make the company work,…but are not necessarily changing every year.…
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- What is a financial statement?
- Reading the balance sheet
- Understanding depreciation, liabilities, and equity
- Reading the income statement
- Understanding revenue, costs, profitability, and net income
- How cash flow works
- Analyzing financial documents with context<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
Skill Level Appropriate for all
1. Financial Statements
2. The Balance Sheet
3. The Income Statement
4. The Cash Flow Statement
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