Liabilities

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來自 Indian School of Business 的課程

Accounting and Finance for IT professionals

85 個評分

Indian School of Business

Accounting and Finance for IT professionals

85 個評分

課程 3（共 6 門，Specialization Business Technology Management）

This course presents an introduction to the basics of financial accounting and finance for IT professionals. The first part of the course will focus on understanding the most important financial statements, namely, the balance sheet, the income statement, and the statement of cash flows. We will then focus on how we can understand the financial health and performance of the company by examining a number of important financial ratios that are derived from the financial statements of the company. The second part of the course will focus on the basics of finance. This includes the concept of time value of money, discounting cash flows, and capital budgeting. The course will also introduce the idea of real options, how they affect a project’s NPV, and their impact of the decision to accept/reject a project. Lectures on concepts will be supplemented with numerical examples.

從本節課中

Basics of Financial Statements

This module provides a brief introduction to financial statements and various common filings. These are the most important sources for obtaining information regarding a company's performance. Most strategies are indeed based on financial statements. After completing this module you will be able to get the important details from the balance sheets.

Introduction and Courser Overview2:31

Business Organizations4:57

Role of Financial Manager4:20

Introduction to Accounting5:08

The Balance Sheet3:12

Liabilities4:45

Shareholders' Equity4:30

Income Statement4:20

Statement of Cash Flows4:02

Cash Flows from Operations9:19

Cash Flows from Investments and Financing6:20

與講師見面

Ramabhadran Thirumalai
Assistant Professor
Indian School of Business

[MUSIC]

Last time we talked about the asset side of the balance sheet which reports to

users of the company's resources.

In this video, we will discuss where a company gets some of these resources from,

namely the liability side of the balance sheet.

This will include looking at the two parts of liabilities; current and

non-current liabilities, and their various constituents.

We will continue to use Amazon's balance sheet from December 2015 to

better understand liabilities.

Similar to assets, liabilities are also separated into current and

non-current liabilities.

Obligations that are due within the next one year are classified as

current liabilities and everything else is called non-current liabilities.

Examples of current liabilities are accounts payable and short-term borrowing.

Examples of non-current liabilities are long-term debt and

long-term lease obligations.

Let's take a detailed look at the key items that constituent our

current liabilities.

The first item under current liabilities is accounts payable.

This is how much the company owes its vendor and

suppliers for products and services that they have already provided or delivered.

It represents how much products and

services the company has purchased on credit.

These are expected to be paid off by the end of the year.

Amazon had accounts payable of $20.40 billion at the end of 2015.

A second item on the current liabilities is accrued expenses.

These are expenses that the company has incurred, but has not yet

received an invoice for.

Examples of accrued expenses are wages, interest, and utilities.

The company has incurred these expenses as of the balance sheet date, but

it has not yet received a invoice for these expenses.

Wages will fall under accrued expenses, if payroll for

that period has not yet been processed.

As of the end of 2015, Amazon had accrued expenses of $10.38 billion.

Amazon's annual report notes that these accrued expenses are primarily related to

unredeemed gift cards, leases and asset retirement obligations,

current debt, acquired digital media content, and other operating expenses.

The third item under current liabilities is unearned revenue.

This is how much customers and clients have paid in advance for

the company's products or services.

This will continue to be a liability for

the company until it delegates the promised products or services.

At the end of 2015, Amazon had unearned revenues of 3.12 billion dollars.

Its annual report notes that unearned revenues primarily relates to pre-payments

of Amazon Prime memberships and Amazon web services.

Adding all three components gives the company's current liabilities,

all of which are obligations due within one year.

Amazon's current liabilities for the year ending 2015 are $33.90 billion.

Moving on to non-current liabilities,

the largest contribution is from long-term debt.

This includes loans and bonds, all of which are due to be paid after one year.

At the end of 2015, Amazon had long-term debt worth $8.23 billion.

Other long-term liabilities were $9.93 billion at the end of 2015.

It\s annual report reports that the long-term liabilities primarily

consist of long-term lease obligations, tax contingencies, and

long-term deferred tax liabilities.

Remember, all of these obligations are due after one year for

them to be counted as non-current liabilities.

Amazon's total non-current liabilities at the end of 2015 add up to $18.16 billion.

Adding this to its current liabilities of $33.90 billion,

Amazon had liabilities what are total of $52.06 billion due at the end of 2015.

Previously we saw that Amazon had total assets of $65.44 billion,

which is how it had used its resources.

Liabilities provided $52.06 billion of the required resources.

Where does the balance 13.37 billion in resources come from?

We will talk about this next time.

[MUSIC]

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