Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
16 Cards in this Set
- Front
- Back
|
Current assets examples |
- Cash - Account receivable - Inventory |
|
|
Long-term assets examples |
- Plant, property and equipment - Accumulated depreciation - Net P P&E |
|
|
Current liabilities examples |
- Account payable |
|
|
Long term liabilities examples |
- Long-term debt |
|
|
Owner's equity examples |
- Common stock - Retained earnings |
|
|
Net Working Capital accounts examples |
- Cash - Accounts receivable - Inventory - Accounts payable |
|
|
NWC formula |
NWC = Cash + Account Receivable + Inventory - Account payable |
|
|
Income statement |
Revenue - SG&A expenses - Depreciation = EBIT - Interest + expense = Taxable income - Taxes = Net income |
|
|
Operating cash flow formula |
OCF = EBIT - Taxes + Depreciation |
|
|
Variation in retained earnings |
Net income - Dividends paid = △ retained earnings |
|
|
Statement for retained earnings |
Beginning balance + Net income - Dividends = Ending balance |
|
|
Fixed assets formula |
Net fixed assets = fixed assets - accumulated depreciation |
|
|
Capital spending formula |
Capital spending = change in net fixed assets + depreciation expense = fixed assets - depreciation |
|
|
Cash flow from assets formula |
Cash flow from assets = OCF - △NWC - △ Capital spending |
|
|
Cash flow to owners formula |
Cash flow to owners = dividends paid + increase in common stock |
|
|
Cash flow identity formula |
Cash flow from assets = cash flow to creditors + cash flow to owners |
