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Enhancing Enterprise Operations: Key Insights from Drew Williams' Agenda on Inventory and Leases

This agenda by Drew Williams delves into the complexities of adjusting enterprise operations, particularly focusing on inventory management, operating leases, and stock-based compensation. The discussion highlights the lack of real adjustments in inventory methods under IFRS, the variation in operating lease reporting from 2012 to 2013, and the challenges posed by insufficient breakdowns and disclosures. It also underscores the importance of estimating figures to establish asset and liability credibility on balance sheets, while emphasizing a step-by-step approach to stock-based compensation calculations.

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Enhancing Enterprise Operations: Key Insights from Drew Williams' Agenda on Inventory and Leases

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Presentation Transcript

  1. Module 11-Adjusting Enterprise Operations Drew Williams

  2. Agenda • Inventory • No real adjustments • Operating Leases • Stock Based Compensation

  3. Inventory • No information on Inventory method • Reported in IFRS • Couldn’t change if I wanted to

  4. Operating Leases • Reported differently in 2013 vs. 2012 • No breakdown by year in 2013 • Use estimation • No report of PV so must use cost of debt for discount rate

  5. Operating Leases • Spread out the 725.10 evenly over years 2015-2018 • Spread out 595.70 even through remaining years • Total amounts to a significant assets/liability • Discount Rate = 2.62%

  6. Operating Leases • Increased information gives 2012 and 2011 numbers more credibility • New Asset/Liability for 3 balance sheet years

  7. Share Based Comp • Detailed but horrible disclosure • Does not provide any of the number needed for GAAP based calculation

  8. Calculating Inputs

  9. Stock Based Comp

  10. Stock Based Comp—Steps 1&2

  11. Stock Based Comp Steps 3&4

  12. Stock Based Comp Steps 5-7

  13. Journal Entries

  14. Share Based Comp Calculation took forever given the bad disclosures Amount is small (16 million liability vs. 14 Billion in total assets) Did not continue for other years

  15. Questions? ?

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