The Stanford Video Guide to Financial Statements (A Tale of Two Restaurants)

Want to get more out of financial reports? This entertaining story gives you a revealing look at the accounting standards that dictate how calculations are made, and the assumptions that can make a surprising difference to your bottom line. Stanford professor George Parker provides both line-by-line explanations of the three key financial statements used by US companies, and offers logical, common-sense approaches to interpreting what they reveal about profitability, value, and the ability to pay bills. The Balance Sheet * What does this company own? * How much debt is it carrying? * How much money have investors put in? The Income Statement * What is the sales volume? * What kind of expense is the company incurring? * How much money is the company earning? * Which income figure should I look at: operating income, income before interest and taxes, or net income? The Cash Flow Statement * Will this company be able to pay its bills? * Where's their cash flow coming from? In this accounting video, you'll follow along as Dr. George Parker tracks the progress of Jill and Perry, non-financial managers assigned to evaluate the financial statements of two restaurants their company has targeted for acquisition. Learn not just textbook definitions, but real world meanings and business consequences. Guarantee: Using this business training video, viewers new to accounting will painlessly gain an understanding of the usually dry subject of financial statements.