Criado por harry.spong
aproximadamente 11 anos atrás
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Questão | Responda |
Objectives | goals or targets that must be achieved in order to realize the stated aims of an organisation, department or individual team. Objectives tend to be medium to long term. |
Corporate Objectives | the goals or targets of the whole organisation, usually based on its mission or aims. |
Functional Objectives | the goals or targets of each of the functional areas of a business, usually based on its corporate objectives. |
Financial Aims | the broad, general goals of the finance and accounting function or department within an organisation. |
Financial Objectives | the specific, focused targets of the finance and accounting function or department within an organisation. |
Financial Strategies | long-term or medium-term plans, devised at senior management level, and designed to achieve the firm’s financial objectives. |
Financial Tactics | short-term financial measures adopted to meet the needs of this short-term threat or opportunity |
Balance Sheet | a document describing the financial position of a company at a particular point in time, by comparing the items owned by the organisation (its assets) with the amounts that it owes (its liabilities). |
Income Statement | an account showing the income and expenditure (and thus the profit or loss) of a firm over a period of time (usually a year). |
Management Accounting | the creation of financial information for use by internal users in the business, in order to predict, plan, review, and control the financial performance of the business. |
Financial accounting | the provision of financial information to show external users the financial position of the business; it concentrates on historical data. |
Assets | items that are owned by an organisation. |
Non-Current Assets | resources that can be used repeatedly in the production process, although they do wear out (depreciate) or lose value. Examples are land, buildings, machinery and vehicles. |
Tangible | non-current (fixed) assets that exist physically. |
Intangible assets | non-current assets that do not have a physical presence, but are nevertheless of value to a firm (e.g a brand name or patent). |
Current assets | short-term items that circulate in a business on a daily basis and can be expected to be turned into cash within 1 year. |
Liabilities | debts owed by an organisation to suppliers, shareholders, investors or customers who have paid in advance. |
Total Equity or total shareholders' equity (capital) | funds provided by shareholders to set up the business, fund expansion and purchase fixed assets. |
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