WST Self-Study Q&A
Topics related specifically to our WSTSS online courses (www.wstselfstudy.com) including ERRATA postings
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Last 10 posts
Beverage total debt
For BUD in particular, there were $153mm of Other Long Term Liabilities that the quiz said counted as debt because they were “Other long term obligations”, but that is not how they are represented in the actual BUD financials – is this a mistake? (I would typically NOT include Other Liabilitie... Read More
For BUD in particular, there were $153mm of Other Long Term Liabilities that the quiz said counted as debt because they were “Other long term obligations”, but that is not how they are represented in the actual BUD financials – is this a mistake? (I would typically NOT include Other Liabilitie... Read More
Beverage cash
For the quizzes on the beverages, the answer key was NOT adding in Marketable/Investment Securities or Short Term Investments back to cash, yet typical practice, as well as Hamilton’s presentation, implied that at least Short Term Investments should be added to cash, as they are easily converted t... Read More
For the quizzes on the beverages, the answer key was NOT adding in Marketable/Investment Securities or Short Term Investments back to cash, yet typical practice, as well as Hamilton’s presentation, implied that at least Short Term Investments should be added to cash, as they are easily converted t... Read More
Sale Impact on Equity
Since something that is sold would already be included as COGS, wouldn't that mean that its sale would have no net impact on equity in the accounting equation because COGS is decreasing by the same amount that cash or A/R is increasing?
Since something that is sold would already be included as COGS, wouldn't that mean that its sale would have no net impact on equity in the accounting equation because COGS is decreasing by the same amount that cash or A/R is increasing?
Video Glitch
The last two minutes of the video for this module will noy play so I am not able to perform the exercise.
The last two minutes of the video for this module will noy play so I am not able to perform the exercise.
PDF with Instructions
Hi there, I'm looking for the PDF with the instructions to download the macros. I cannot find them anywhere. Thanks for the help!
Hi there, I'm looking for the PDF with the instructions to download the macros. I cannot find them anywhere. Thanks for the help!
Cash Flow Statement: Future Minimum Cash Payments
Hi, during the 'How to Analyze a 10K' portion of my course, Mr. Lin mentions, "future minimum cash payments must be reflected on the cash flow statement." I'm curious where this would be included. Thanks so much for the help!
Hi, during the 'How to Analyze a 10K' portion of my course, Mr. Lin mentions, "future minimum cash payments must be reflected on the cash flow statement." I'm curious where this would be included. Thanks so much for the help!
Question about Change in Comprehensive Income
Hi Mr. Lin, for the change in Comprehensive Income, you include (from the S/H - EQ section of the 10K): $963 (unrealized gain on derivative contracts, net of deferred tax expense of $643) and $678 (Other). Why don't you include $502 from the Balance Sheet (unrealized loss on interest rate swaps)?
Hi Mr. Lin, for the change in Comprehensive Income, you include (from the S/H - EQ section of the 10K): $963 (unrealized gain on derivative contracts, net of deferred tax expense of $643) and $678 (Other). Why don't you include $502 from the Balance Sheet (unrealized loss on interest rate swaps)?
Interest Reserve
Let's say the construction loan is good for 24 months but the actual construction period is only 22 months. Hypothetically it has been determined revenue will not be sufficient enough to make any payments on a loan until month 25 resulting in two additional months beyond construction completion that... Read More
Let's say the construction loan is good for 24 months but the actual construction period is only 22 months. Hypothetically it has been determined revenue will not be sufficient enough to make any payments on a loan until month 25 resulting in two additional months beyond construction completion that... Read More
IRR Calculation
I get 23.5% for IRR (with TV) not 29.6%
I get 23.5% for IRR (with TV) not 29.6%
Finally, PEP had Preferred Equity line items that the answer key did not include in Debt or Equity (even for the purpose of the Capitalization Ratio), so just wanted to confirm that that, for the purposes of these exercises, we do not need to worry about Preferred Equity (I realize it was basically ... Finally, PEP had Preferred Equity line items that the answer key did not include in Debt or Equity (even for the purpose of the Capitalization Ratio), so just wanted to confirm that that, for the purposes of these exercises, we do not need to worry about Preferred Equity (I realize it was basically negative in this case, but still want to make sure as I go through the training modules.) Read More