财务报表分析与证券估值全套配套课件英文PPT中文PPT案例教学建议Chap009.ppt

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1、CHAPTERNINEMcGraw-Hill/IrwinCopyright©2013byTheMcGraw-HillCompanies,Inc.Allrightsreserved.Chapter9Preparedby:StephenH.Penman–ColumbiaUniversityWithcontributionsbyNirYehuda–NorthwesternUniversityMingcherngDeng–UniversityofMinnesotaPeterD.EastonandGregoryA.Sommers–NotreDameandS

2、outhernMethodistUniversitiesLuisPalencia–UniversityofNavarra,IESEBusinessSchool9-2WhatYouWillLearnfromthisChapterHowstatementsofshareholders’equityaretypicallylaidoutWhyreformulationofthestatementisnecessaryWhatisreportedin“othercomprehensiveincome”andwhereitisreportedWhat“di

3、rty-surplus”itemsappearinthestatementofshareholders’equityHowstockoptionsworktocompensateemployeesHowstockoptionsandothercontingentequityclaimsresultinahiddenexpenseHowmanagementcancreatevalue(andlosses)forshareholderswithsharetransactionsHowaccountinghideslossesfromsharetran

4、sactions9-3GAAPStatementofShareholders’Equity___________________________________________________________________Openingbookvalueofequity(common,preferred,andnoncontrollingequity)+Netsharetransactionswithcommonstockholders+Capitalcontributions(paidincapitalfromshareissues)-Sha

5、rerepurchases(intotreasurystockoragainstpaid-incapital)+Netsharetransactionswithpreferredshareholders+Capitalcontributions(shareissues)-Shareredemptions+Changeinretainedearnings+Netincome–includingnoncontrollinginterestincome-Commondividends-Preferreddividends-Somesharerepurc

6、hases+Accumulatedothercomprehensiveincome+Earningsrestatementsduetochangeinaccounting+IncreaseinequityfromissuingstockoptionsClosingbookvalueofequity(common,preferred,andnoncontrollingequity)9-4TheGoverningAccountingRelationBookvalue,beginningofperiod+Comprehensiveincome-Netp

7、ayouttoshareholders=Bookvalue,endofperiod9-5ReformulatedStatementofCommonStockholders’Equity9-6Reformulation:TheStepsRestatebeginningandendingbalancesforitemsincorrectlyincludedinorexcludedfromcommonequity–Preferredstock–Noncontrollinginterestreportedwithinequity+Dividendspay

8、ableCalculatenettransactionswithshareholdersCashdividends+sharerepur