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18 Cards in this Set
- Front
- Back
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accounting equation |
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FINANCIAL STATEMENT |
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statement of operation or stement of income and expenses |
INCOME STATEMENT |
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formal statement showing the performance od an entity for a period of time |
INCOME STATEMENT |
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it present the income expenses, gains and losses and profit or loss during |
INCOME STATEMENT |
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it shows whether the business is profitable or not |
INCOME STATEMENT |
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it shows whether the business is earning, losing or break even |
INCOME STATEMENT |
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formal statement showing the changes in equity during a period resulting from transaction and other events |
STATEMENT OF COMPREHENSIVE INCOME |
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shows item like forex translation gains and losses unrealized loss o. derivative contract designated as cash flow hedge |
STATEMENT OF COMPREHENSIVE INCOME |
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summarizes the changes in equity for a given period of a time |
STATEMENT OF CHANGES IN EQUITY |
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formal statemeng showing the financial position of an enterprises as of particular date |
statement of financial position |
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list of A,L,E of a business entity as of specific date |
STATEMENT OF FINANCIAL POSITION |
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use to evealuate factors such as liquidity, solvency financial structure and the need of the entity for addtional financing |
STATEMENT OF FINANCIAL POSITION |
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ability to company to meent currently maturity obligations |
LIQUIDITY |
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availablility of cash over the longee term to meet the maturing obligations |
SOLVENCY |
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indicatehow much is the equity |
FINANCIAL STRUCTURE |
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show the source and uses of cash of an entity for a given eriod of time |
STATE OF CASH FLOW |
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shows yhe net increase or decrease in cash during the period and the cash balance at the of the period |
STATEMENT OF CASH FLOW |
