9198597
Beschreibung
Karteikarten von Kelsey Topola, aktualisiert more than 1 year ago
|
Erstellt von Kelsey Topola
vor mehr als 7 Jahre
|
|
| Frage | Antworten |
| Statement of Financial Position (SFP) | A summary statement of the assets and liabilities of an organization at a single point in time |
| Operating Cyle | Average length of time from the expenditure of cash for inventory or raw materials, to the POS and the collection of cash or A/R. |
| Current Asset | An asset that is expected or available to be converted to cash or to be used in production within one year or the operating cycle; whichever is loner |
| Current Liability | A liability die within one year or one operating cycle; whichever is longer |
| Liquidity | Evidence of a company's ability to pay short-term debts from its current assets and to meet short term obligations |
| Return on Investment (ROI) | A commonly used family of ratios; can be measured in different ways |
| Return on Assets | Ho much the company earns from each dollar invested in assets |
| Cash Equivalents | Short-term, highly liquid investments |
| Tangible Capital Assets/Fixed Assets | Includes all property, plants, equipment used in the production of services directly and indirectly |
| Investment Property | Any land or buildings that are held for rental or capital appreciation |
| Intangible Assets | Long-lived assets that lack physical substance |
| Long-Term Liability | An obligation that is due beyond the next operating cycle or during the next reporting year, whichever is longer |
| Statement of Changes in Equity | Discloses component of equity and and the changes in each component during the reporting period |
| Contributed Surplus | Aka additional paid-in capital, includes shareholder-related transactions. Source include transactions |
| Reserves | A sublclassification of retained earnings; 1. two types: restrictions 2. appropriations |
| Restrictions | a reserve mandated by the provisions of a a statute |
| Appropriations | A voluntary reserve created by the B.O.D. |
| Recycled | OCI is segregated into items that will be reclassified into earnings in future periods |
| Disclosure Notes | An integral part of the financial reporting process and must be presented to ensure statements are complete |
| Measurement Uncertainty | The extent to which errors in significant can affect financial statements |
| Contingency | An event or transaction that will occur only if some other event happens |
| Guarantee | An agreement by the reporting enterprise to pay compensation, undertake to preform services, or assume the obligation of another entity under uncertain conditions; a type of contingency given special attention because they are common in business |
| Performance Guarantee | A promise to make good on nonperformance |
| Indemnification | A promise to remedy any deficiencies or shortfall of assets held by another entity |
| Operating Segment | 3 Characteristics: 1. Engages i business activities that may generate revenues and incur expense, 2. Discrete financial info is available for the segment, 3. Operating results are reviewed regularly by the entity's chief operating decision maker |
| Reportable Segment | Must meet at least one of the following conditions: 1. Revenue to external customers is at least 10% of total revenue 2. Assets are 10% or more of total assets 3. Absolute value of its profit or loss is 10% more than the combine earnings of all operating segments that did not report a loss or the combined reported loss of all operating segments that reported a loss |
| Related Party Transaction | A transaction where one of the parties has the ability to influence the actions and policies of the other |
| Adjusting Events | Events that occur after year-end that require the company to make adjustments tot he financial statements |
| Non-Adjusting Events | Events that do not require modification to year-end results |
Möchten Sie mit GoConqr kostenlos Ihre eigenen Karteikarten erstellen? Mehr erfahren.