Balanace sheet - Study guides, Class notes & Summaries

What is an M&A model - used to analyze the financial profiles of 2 companies, the purchase price, and how the purchase is made, and determines whether the buyer's EPS increases or decreases. Walk me through a basic merger model - Step 1: Making assumptions about the acquisition - the price and whether it was cash, stock or debt, or some combination of those. Step 2: You determine the valuations and shares outstanding of the buyer and seller and project out an income statement for each one ...

GAAP Generally Accepted Accounting Principles: Common set of standards that the accounting proessions has developed and generally accepted and universally praticed. SEC Securities and Exchange Commision: the agency of the U.S. Government that oversees U.S. financial markets and accounting standard-setting bodies 00:12 01:14 FASB Financial Accounting Standards Board: The rimary accounting standard- setting body in the United States. Cost Principle Dictates the compani...

1 Prepare a worksheet. 2 Prepare closing entries and a post-closing trial balance. 3 Explain the steps in the accounting cycle and how to prepare correcting entries.