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Essay / Research Paper Abstract
This 26 page paper is an in-depth analysis of the financial performance of IBM presented in the 2007 annual report and 10-K. The paper analyses the movements and results of the balance sheet, the income statement and the cash flow, performs a ratio analysis and considers general macro environmental influence. The bibliography cites 2 sources.
Page Count:
26 pages (~225 words per page)
File: TS14_TEIBM2007.rtf
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Unformatted sample text from the term paper:
1. Balance Sheet Analysis The balance sheet gives details of the capital structure of the company and how this is made up of assets and liabilities.
IBM currently has a total of $120,4311 in assets; this is made up of $53,177 in current assets and $67,254 in capital assets. At first glance it appears that the
largest asset class is the plant, rental machines and other property which is given as a value of $38,584. However, this is the value before depreciation, and although it is
the largest gross value, the valuation placed on it is calculated using the matching concept. This means that the cost of the equipment is written off over a period of
time to match with the revenues that it produces. After depreciation this value is $15,081, which is a value below some other asset classes. The largest single asset class
is the capital asset of the prepaid pension assets. Following this the next largest group of the short-term financing receivables, which amount to $16,289 million. Accounts receivable are also substantial
act $11,428 million. However, when looking at the largest asset class this can be argued as being the financing receivables, as in addition to the $16,289 return on to current
assets are also longer-term receivables in the capital assets which amount to $11,603, giving a total asset class was $27,892, split between the short and long-term receivables. Goodwill is also
an important asset, as is now amounts to $14,295 million. To consider the underlying assets it is also important that an investor, or other reader of the annual accounts,
understands the way that the underlying assets of value. Prepaid pension assets of valued by measuring the difference between the fair value of the pension plan assets in the benefit
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