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Walk me through a balance sheet?
Current Assets (expected to be converted into cash annually) – line items
• Cash & Cash equivalents - Cash held in the bank in deposits or low risk short-term investments.
• Marketable Securities - Short-term debt or equity investments.
• Accounts receivable – Money owed to the company by customers who have purchased goods.
• Inventories – Represent the money invested by the company in unfinished or finished goods which are still to be sold.
Long term or Non-Current Assets – Key line items
• Property Plant & Equipment – Any long-term investments made by the company relating to the operations of the business such as equipment, plants, building, vehicles etc.
• Intangible assets/Goodwill – Intangible assets such as brands, trademarks etc acquired by the company.
• Deferred Taxes assets– Potential future tax savings due to excess tax paid historically. This is the difference between tax paid on the financial statements and the actual taxes paid.
• Other Assets – These are assets which are not included in the above-mentioned line items, including prepaid expenses and long-term investments among others.
Liabilities – Key line items
• Accounts payable – Money that the company owes to its suppliers for the goods/service purchased.
• Notes Payable – These are the primarily short-term borrowings.
• Long term (LT) debt– This the company’s debt which has a maturity of more than 12 months.
• Current portion of LT debt – The proportion of LT debt that is payable within the next 12 months.
• Deferred taxes – Future tax obligations arising due to the company paying lower taxes then what is measured by its financial statements.
• Minority interest– Equity component of the proportion of consolidated business not owned by the company.
Shareholders’ Equity
• Preferred stock – Stocks that have priority over common shareholders and have special rights.
• Common shareholders’ equity – This is the par value of units of ownership of a corporation.
• Additional paid in capital (APIC) – The value of shares when it is sold above its par value.
• Treasury Stock – These are shares which were first issued but later bought back by the company.
• Retained Earnings –Cumulative net income of the company since inception less dividends and losses.
Despite the onset of Covid-19 and its accompanying challenges, our program registered a 90% placement rate for students on our 8 weeks training programs. Our students secure jobs at marquee investment banks such as Goldman Sachs, Credit Suisse, Morgan Stanley, Citi Bank and Deutsche Bank among others. Please send your CV to info@cityinvestmenttraining.com to check your eligibility for the course.
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