First day of finance class.Professor is Dr. Jeff Whitworth. Young guy. This is his second year teaching at UHCL.
Apparently he’s going to be putting important information on his web site.
http://coursesite.uhcl.edu/bpa/whitworthj/3331
4 annual reports of a company:
- Balance Sheet — snapshot of company’s financial position at one point in time
- Income statement — summarizes a firm’s revenues and expenses over a given period of time
- Statement of retained earnings — shows how much of the firm’s earnings were retained, rather than paid out as dividends
- Statement of cash flows — reports the impact of the firm’s activities on its revenues and expenses