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The Balance Sheet
Peñalva, Fernando; Badia, MarcTechnical Note CN-231-EAccounting and ControlThis note explains how to prepare, read and interpret the Balance Sheet, the first and most important financial statement. The Balance Sheet or Statement of Financial Position of a firm contains a list of its resources and of its sources of capital as of a particular day. All the business transactions recorded in the accounting system affect the Balance Sheet. The note illustrates the content and structure of the Balance Sheet.Starting at €8.20
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Liabilities: General Issues
Peñalva, Fernando; Badia, MarcTechnical Note CN-237-EAccounting and ControlThis note is an introduction to liabilities. It defines a liability and distinguishes it from contingent liabilities and commitments. It explains how to recognize and measure liabilities in general. Finally, the notes focuses its attention on provisions (i.e., estimated liabilities) and illustrates their accounting with two common examples: warranty liabilities and restructuring liabilities. The note "Long-Term Debt and Bonds" can be used to comp...Starting at €8.20
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Tax Accounting
Peñalva, Fernando; Badia, MarcTechnical Note CN-241-EAccounting and ControlFirms pay multiple types of taxes: property taxes, value added taxes, municipal taxes, etc. Note CN 14007, "Accounts Receivable Valuation," explained how to account for value added taxes. Other taxes, such as property taxes, are just an expense that firms recognize when they are due. However, corporate income taxes are not so straightforward and deserve a specific note. The goal of this note is to explain how to account for corporate income taxes...Starting at €8.20
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Presscut (B)
Vázquez-Dodero F.; Badia, MarcCase ASN-30-EDecision Analysis, Entrepreneurship, StrategyAfter discussing the matter with the shareholders and the management, the Chairman of the Board considers the terms and conditions to be set for a possible merger between Presscut and its larger rival.Starting at €5.74
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Presscut (C)
Vázquez-Dodero F.; Badia, MarcCase ASN-31-EDecision Analysis, Entrepreneurship, StrategyOutcome of the series of events related in cases (A) and (B).Starting at €5.74
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Equity Valuation: The Walt Disney Company
Holvik, Max; Peniston, James; Badia, MarcTechnical Note CN-222-EAccounting and Control, FinanceThe objective of this technical note is to understand how equity analysts usually value public companies, taking The Walt Disney Company as a case study. We provide a detailed explanation of our valuation of Disney using the discounted cash flow (DCF) method and some common multiples.Starting at €8.20
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Introduction to Financial Accounting
Peñalva, Fernando; Badia, MarcTechnical Note CN-230-EAccounting and ControlThis note introduces the basics of financial accounting. By the end, you will be able to understand and interpret simple financial statements.Starting at €8.20
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The Statement of Cash Flows: Direct and Indirect Method
Peñalva, Fernando; Badia, MarcTechnical Note CN-233-EAccounting and ControlThis note explains how to prepare, read and interpret the Cash Flow Statement, both using the direct and the indirect methods. The Cash Flow Statement is a financial statement that summarizes how the firm has generated and consumed cash over a period of time. The note illustrates the content and structure of the Cash Flow Statement and how it relates to the Balance Sheet and the Income Statement.Starting at €8.20
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Accounts Receivable Valuation
Peñalva, Fernando; Badia, MarcTechnical Note CN-235-EAccounting and ControlAccounts receivable (or trade receivable) are amounts owed by a firm's customers as a result of credit sales or services on account. Receivables are also originated by financial transactions such as the granting of loans. For example, most of the receivables on banks' balance sheets are loans receivable and interest receivable. Receivables are assets of a firm because it expects to convert them into cash in the near future, with a high degree of ...Starting at €8.20
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Noncurrent Assets
Peñalva, Fernando; Badia, MarcTechnical Note CN-236-EAccounting and ControlThis note explains how to account for noncurrent assets, both tangible and intangible. From the initial recording to the sale of an asset, the note covers all the main topics affecting noncurrent assets such as depreciation, impairments and repairs. The section on intangible noncurrent assets pays special attention to research and development costs, goodwill and brands. Differences in accounting treatment between IFRS and U.S. GAAP are identified...Starting at €8.20