2024-04-09

Tuesday, April 9th, 2024

Treat people as if they were what they ought to be, and you help them to become what they are capable of being.

— Johann Wolfgang von Goethe

Note-taking workflow overhaul?

• Pain points
  • It’s hard for me to see all my TTPs at a glance. I need an index for everything.
  • It’s hard for me to know which TTP I should use. I need better tagging systems / properties, or I need to wait for Obsidian to release dynamic views.
    • Filter by system
    • Filter by AD requirements (username, cleartext password, certs, hashes, ekeys, etc)
  • I easily forget about TTP I have taken notes on. Is there a painless spaced repetition systems within Obsidian?
  • The vault is a chaotic place — I don’t know what to look for unless I already have the name in mind. I need better maps of content/indices?
• TTP Queryability: I have tagging for general goals (lateral movement, pivoting), but how to achieve more granular tagging / queryability?
  • OS or service version requirements
  • Ports & additional services required?
  • Prerequisites (user credentials? hash? interactive shell?)
• TTP Discoverability
  • Cheat sheet / flow chart? AD-specific, Linux-specific, service-specific, etc.
  • Wiki/gitbook/hierarchical map of contents

MGT011A Lecture: income statement, balance sheet, statement of cash flows

Bring calculator to class for quizzes. Bring tablet to prevent getting screwed by laptop browser monitoring.

Ch. 1 quiz on Thursday

• retained earnings (?): revenue - expenses - dividends
• annual report (form 10-K)
  • financial statements: balance sheet, income statement, statement of stockholders’ equity, statement of cash flows
  • notes to financial statements: information regarding assumptions, estimates, accounting methods, and any other details that are not apparent in the financial statements
  • auditor’s report: a review of the company’s statements submitted by an independent (third-party) auditor
  • management’s discussion and analysis (MD&A): management’s interpretation and outlook of the company’s financial performance
• who uses the accounting information released by company?
  • external: investors, creditors, regulators
  • internal: management
• regulations & regulating bodies
  • Generally Accepted Accounting Principles (GAAP): US financial reporting legal requirements
  • Securities and Exchange Commission (SEC): federal agency that regulates sale of stocks & bonds and to which publicly traded companies submit accounting information
• accountant roles
  • private accounting: analyst, internal audit, tax report, etc
  • public accounting: auditing, consulting, etc
  • government: auditing, budgeting, etc
• notes payable: same as a loan
• book value of company = assets - liabilities
  • also called equity
• accounts receivable: money that are due to be paid by customers to the company, etc
• accounts payable: money that are due to be paid by the company to a supplier, etc
• equity: common stock & retained earnings
• assets = liabilities + stockholders’ equity
• stockholders’ equity = assets - liabilities
• financial records
  • types of entries
    • liabilities: notes payable, accounts payable, etc
    • revenue: earnings, sales, etc
    • expense: insurances fees, supplies, salaries, rent, dividends, etc
    • equity: common stock, retained earnings (from previous period, i.e., does not include current net income), etc
    • operating/financial/investing cash inflow or outflow: cash purchases, cash received from sales, etc
  • don’t need to show expenses as negative numbers
• income statement
  • balance = revenue - expenses
    • no other entry types involved
    • if balance is negative, the number will be shown in parentheses (as opposed to using minus sign)
    • when positive, name it net income; when negative, name it net loss
• balance sheet
  • always list cash as the first asset
  • assets: cash, accounts/notes receivable, supplies, etc
  • liabilities: accounts payable, notes payable, dividends, etc
  • stockholders’ equity: common stock, retained earnings
    • ending retained earnings = beginning retained earnings + net income - dividends
  • usually no need to use parentheses since there’s usually no net amount calculation anywhere
• statement of cash flows
  • only has cash movements (payments/receipts), like accounts receivable, accounts payable, etc
    • categories operating, investing, financing
  • warnings
    • be careful to not include pre-existing assets (e.g., inventory, equipment); only include payments
    • salary expense is not necessarily a cash payment (the cash payment might not be yet be fully paid as of the statement of cash flows); the actual cash amount of salary paid may be included in another line such as “cash paid for operating activities” or vice versa
    • revenue is not necessarily cash received (they might be received later than the statement date)
    • equities won’t be part of the statement
  • categories examples
    • operating: cash from customers, cash paid for operating activities (incl. salaries paid in cash)
    • investing: cash purchase of equipment, purchase/sell of company stocks
    • financing: dividends paid in cash, principal payments on note, disposal of property
  • remember to use parentheses for negative numbers
  • usually has a beginning & ending balance of period; ending balance will also mirror balance sheet’s cash balance entry
• what figures are part of which each form
  • revenue for period: income statement
  • cash at year-end: balance sheet, statement of cash flow
  • cash used to pay loan: statement of cash flow
  • dividends for period: statement of stockholders’ equity, statement of cash flow