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;
34 Cards in this Set
- Front
- Back
|
Account form |
Presentation in a classified balance sheet that lists assets by sections on the left side and liabilities and stockholders Equity by sections on the right side |
|
|
Activity ratios |
Measures of how effectively a company is using its assets common activity ratios are accounts receivables turnover inventory turnover and asset turnover |
|
|
Adjunct account |
An account that increases either an asset, liability, or owner's equity account |
|
|
Available-for-sale Investments |
debt securities not classified as held to maturity or treating securities |
|
|
Balance sheet |
Financial statement that shows the financial condition of a company at the end of a period |
|
|
Cash debt coverage |
Measure of solvency that indicates a company's ability to repay its liabilities from cash generated from operations |
|
|
Contingency |
Material events with an uncertain future outcome |
|
|
Contra account |
An account that reduces either an asset, liability, or owner's equity account |
|
|
Coverage ratios |
Measures of the degree of protection for long-term creditors and investors |
|
|
Current assets |
Cash and other assets the company expects to convert into Cash, sell, or consume are there in one year or in the operating cycle, whichever is longer |
|
|
Current cash debt coverage |
Measure of liquidity that indicates a company's ability to pay its short-term debts |
|
|
Current liabilities |
The obligations that a company reasonably expect to liquidate either through the use of current assets or the creation of other current liabilities |
|
|
Financial flexibility |
The ability of a company to take effective actions to alter the amounts and timing of cash flows so I can respond to unexpected needs and opportunities |
|
|
Financial instruments |
Assets consisting of cash, accounts receivable, and ownership interest, or it a contractual right to receive or obligation to deliver cash or another Financial instrument |
|
|
Financing activities |
Cash flow activities that include one obtaining cash from issuing debt and repaying the amount borrowed, and to obtaining cash from stockholders and paying them dividends |
|
|
Free cash flow |
Measure of the cash remaining from operating activities after adjusting for Capital expenditures and cash dividends paid |
|
|
How to maturity Investments |
Debt Securities that a company has the positive intent and ability to hold to maturity |
|
|
Intangible assets |
Assets that lack physical substance and that are not financial instruments |
|
|
Investing activities |
Cashflow activities that include one purchasing and disposing of Investments and productive long-lived assets using cash, and to lending money and collecting the loans |
|
|
Liquidity |
An indicator of the speed to which an asset will be realized or otherwise converted into Cash |
|
|
Liquidity ratios |
Measures of a company's short-run bility to pay its maturing obligations |
|
|
Long term investments |
Investments That companies expect to hold for many years |
|
|
Long-term liabilities |
Obligations that a company expects to pay it someday beyond the normal operating cycle |
|
|
Operating activities |
Cash flow activities include the cash effects of transactions that create revenues and expenses, and the center into the determination of net income |
|
|
Owner's equity |
The ownership claim on a company's total assets |
|
|
Profitability ratios |
Measures of the degree of success or failure of a given company or division for a given period of time |
|
|
Property plant and equipment |
Assets of a durable nature used in the regular operations of the business |
|
|
Ratio analysis |
An evaluation of the relationship among selected financial statement data, expressed in terms of either a percentage, or 8, or simple proportion |
|
|
Report form |
Presentation in a classified balance sheet that lists liabilities and stockholders Equity directly below as it's on the same page |
|
|
Reserve |
An appropriation of retained earnings also called appropriated earnings |
|
|
Solvency |
The ability of a company to pay its debts as they mature |
|
|
Statement of cash flows |
A basic financial statement that provides information about cash receipts, cash payments, and net change in cash resulting from the operating, investing, and financing activities of the company During the period, and a format that reconciles the beginning and ending cash balances |
|
|
Trading Investments |
Debt Securities bought and help primarily for sale in the near-term to generate income short-term price differences |
|
|
Working Capital |
The excess of total current assets / total current liabilities semicolon represents the net amount of a company's relatively liquid resources |
