Income statement

An income statement or profit and loss account (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) is one of the financial statements of a company and shows the company's revenues and expenses during a particular period. It indicates how the revenues (also known as the “top line”) are transformed into the net income or net profit (the result after all revenues and expenses have been accounted for). The purpose of the income statement is to show managers and investors whether the company made money (profit) or lost money (loss) during the period being reported. An income statement represents a period of time (as does the cash flow statement). This contrasts with the balance sheet, which represents a single moment in time. Charitable organizations that are required to publish financial state

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Balance sheet

In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, w

Financial statement

Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a stru

Equity (finance)

In finance, equity is an ownership interest in property that may be offset by debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the a

2002

VISUAL CONTRACTS: A way to reason about states and cardinalities in IT system specifications

José Diego De La Cruz Garcia, Lam Son Lê, Alain Wegmann

Visual modeling languages propose specialized diagrams to represent behaviour and concepts necessary to specify IT systems. As a result, to understand a specification, the modeller needs to analyze these two types of diagrams and, often, additional statements that make explicit the relationships between them. In this paper, we define a visual contract notation that integrates behaviour and concepts. Thanks to this notation, the modeler can specify, within one diagram, an action and its effects on the specified IT system. The notation semantics is illustrated by a mapping to Alloy, a light weight formalization language.

2006

The Dark Side of Outside Directors: Do They Quit When They are Most Needed?

Rüdiger Fahlenbrach

Outside directors have incentives to resign to protect their reputation or to avoid an increase in their workload when they anticipate that the firm on whose board they sit will perform poorly or disclose adverse news. We call these incentives the dark side of outside directors. We find strong support for the existence of a dark side. Following surprise director departures, affected firms have worse stock and operating performance, are more likely to suffer from an extreme negative return event, are more likely to restate earnings, have a higher likelihood of being named in a federal class action securities fraud lawsuit, and make worse mergers and acquisitions. Consistent with the market inferring bad news from surprise departures, the announcement return for surprise director departures is negative.

Fisher College of Business2010

FIN-411: Accounting for finance

The objective of the course is to provide participants with accounting mechanisms for understanding and anaalyzing the financial statements of a company.

MGT-481: Financial & managerial accounting

The aims of the course are to explain how information helps investors to analyze the financial profile of a company, and to provide analytical tools for assisting managers in evaluating various decisions within economic organizations. Summary (fr)? Content? The main financial statements Basic acc

FIN-401: Introduction to finance

The course provides a market-oriented framework for analyzing the major financial decisions made by firms. It provides an introduction to valuation techniques, investment decisions, asset valuation, financing decisions, and other financial decisions of firms.