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SIE	Series 6	Series 63	Series 26	MLO

CHANGE UNIT

Current Unit: UNIT 9 FINANCIAL REPORTING

Unit 8 - Basic Economic Concepts	Unit 9 - Financial Reporting	Unit 10 - Analytical Methods
Unit 11 - Types of Investments	Unit 12 - Equities	Unit 13 - Debt Securities
Unit 14 - Investment Companies	Unit 15 - Insurance Products	Unit 16 - Calls, Puts, Derivatives
Unit 17 - Alt Investments & Assets	Unit 18 - Type of Client	Unit 19 - Client Profile
Unit 20 - Portfolio Management Styles, Strategies, Techniques	Unit 21 - Tax Considerations	Unit 22 - Trading Securities
Unit 23 - Performance Measures	Unit 24 - Retirement Plans

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BALANCE SHEET

The sheet provides a snapshot view of the financial condition of the firm at the end of the reporting period.
It does not provide information on the expenses, revenues and cash. Gross revenue is on the income statement.
This sheet contains assets, liabilities and retained earnings.
- Including purchasing automobiles, boats, planes
When cash is received (ex; issuing a bond), it increases current assets.
When bonds are issued, it increases total liabilities since it's an increase in long-term debt, and it DOES NOT affect shareholder equity as the cash received offsets the liability
DECLARING VS PAID DIVIDENDS
- DECLARED DIVIDENDS
  - Liabilities are increased when they are declared
  - These are not yet paid, so it would increase current liabilities and decrease working capital
  - Increases total liabilities(pending obligation)
  - Reduces shareholder's equity because retained earnings would be decreased by the dividend
  - Does not affect total assets
- PAID DIVIDENDS
  - Affected total assets because it decreases when it's paid
EQUATIONS
- Total Assets = Total liabilities + Total shareholders(or owners) equity

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