Interpreting reported financial information
How to interpret reported financial information using the statements, notes, and other relevant context in a company's public filings; AI segment #1.
Interpret Microsoft's reported receivables using relevant context from its public filing. The reading uses separate Apple inventory, Apple revenue, and NIKE property and equipment examples.
- Date
- Tue 9/1580 minutes
- Reading
- Chapter 5: Interpret financial information in public filings (read by next class) Optional Kieso equivalent: No close match; use the course-site reading and the filing used in class
- Engagement points
- Scored5 points for answering at least 75%
Slides and downloads
View the slides online, or download the PDF for offline reading or printing.
Watch this meeting
These materials change during the semester. Report an error or an unclear passage.
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The slides of this meeting's deck, each held for as long as the narration over it runs. Read by a speech synthesizer; every line was transcribed back and checked against its script before it was kept.
Upcoming deadline
Unit 1 review assignment (extended deadline) due Wed 9/16, 11:59 PM
What to do before class
- Bring a device that can open the complete Microsoft report in the Session 5 filing source packet.
- Recall that an allowance is deducted from a related asset to report a net amount.
What we will do in class
- Connect the securities laws to annual and interim reports, foreign filer forms, and the pending semiannual-reporting proposal.
- Distinguish gross accounts receivable, its allowance, and the reported net balance.
- Follow a worked search from the financial statements to the related notes.
- Find a different receivables disclosure and interpret its entity, date, units, and balance-sheet context.
- Interpret draft descriptions using the relevant filing information and explain what remains unknown.
- Review a tool response or the supplied teaching draft, then explain any revision.
- Complete an individual filing check, with an optional adjusting-entry review afterward.
Interpret a tool response using the filing
Plan your own request about the public report. Use a tool and retain its response, or work from the supplied teaching draft. Use the original filing to explain which context affects the interpretation, correct factual errors, and identify information the filing does not provide.
Nothing here is graded and no iClicker question is asked during it. See all AI activities.
Assigned reading and deadlines
Solutions to the in-class problems post to D2L after the meeting.
- Read Chapter 5: Interpret financial information in public filings after this meeting and before the next class.
- Complete the Unit 1 review assignment by Wednesday, September 16 at 11:59 PM (extended deadline).
Practice and review
You do not have to complete or submit these items. They do not affect your grade.