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Module 1: Financial Accounting for MBAs Revised Questions and 100% Verified Answers
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- Harvard University
Module 1: Financial Accounting for MBAs Revised Questions and 100% Verified Answers
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Module 1: Financial Accounting forMBAs Revised Questions and 100%
Verified Answers
Sammy Sylvan
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, Module 1: Financial Accounting for
MBAs Revised Questions and 100%
Verified Answers
Managers and employees demand financial statements for... - answer benchmarking,
compensation, profit sharing, stock options, unions, pensions.
Investment analysts and information intermediaries demand financial statements to... -
answer predict a firm's future performance (cash flows, price of securities, future
borrowing power) to provide stock recommendations or write commentaries.
Creditors and suppliers demand financial statements to... - answer determine loan
terms, loan amounts, interest rates, and required collateral. There might be a covenant
with the firm - an agreement that restricts borrower behavior (for instance, a minimum
amount of working capital).
Shareholders and directors demand financial statements to... - answer assess
profitability and risk and evaluate managerial performance. Fundamental analysis can
be used to estimate company value and form buy-sell stock strategies.
Customers demand financial statements to... - answer assess a company's ability to
provide products/services as promised and to assess staying power or reliability.
Strategic partners demand financial statements to... - answer assess fairness of returns
on mutual transactions and strategic alliances.
Regulators and tax agencies demand financial statements for... - answer antitrust
assessment, public protection, price setting, import-export analysis, and setting tax
policies.
Voters and representatives demand financial statements to... - answer make policy
decisions, and to assess impact of donations (in the case of nonprofits).
benefits of disclosure - answer capital, labor, input, and output markets
costs of disclosure - answer preparation and dissemination, competitive disadvantages,
litigation potential, and political costs
SEC regulation FD - answer limits selective disclosure
US GAAP vs IFRS - answer Mostly similar - both use accrual accounting, core
statements (balance sheet, income, cash flows, stockholders' equity, footnotes).
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