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Module 11-Adjusting Enterprise Operations

Module 11-Adjusting Enterprise Operations. Drew Williams. Agenda. Inventory No real adjustments Operating Leases Stock Based Compensation. Inventory. No information on Inventory method Reported in IFRS Couldn’t change if I wanted to. Operating Leases.

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Module 11-Adjusting Enterprise Operations

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  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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