Social Science Economics Finance
Business Finance Final Exam Study Guide
Save
Students also studied
Flashcard sets Study guides
Business Finance Final Exam Business Finance Final Exam Federal Income Tax
55 terms 13 terms Teacher 113 terms
g0013y Preview hdevonxz Preview Aaron_Mutemi
Stretch your brain before your first study session
Learn 1 /7 Study with Learn
responsible for planning and managing a company's financial resources
Choose matching term
1 Chief Financial Officer 2 Treasurer
3 Chairman Of The Board. 4 Operations Supervisor
Don't know?
Cash Asset Current
Accounts Receivable Asset Current
Accounts Payable Liability Current
Stock Owner's Equity Neither
Inventory Asset Current
Land Asset Long Term
Building Asset Long Term
Mortgage Liability Long Term
, Taxes Payable Liability Current
Retained Earnings Owner's Equity Neither
Vehicle Asset Long Term
Prepaid Expenses Asset Current
Basic Accounting Equation Assets=Liabilities + Owner's Equity
Gross Profit Total Sales Revenue-Total Cost of Sales
Net Income Gross Profit-Total operating Expenses+ Interest Paid + Taxes Paid
Owner's Equity the total value that all owners and investors have in the firm
identifies the assets, liabilities, and equity of a business as of a
Balance Sheet
specified date
all of the things a business owns and uses as a part of business
Assets
operations
Provides a view of the financial changes in a business that have
Income Statement
occurred during a specified period of time
Depreciation a decline in the value of an asset as it ages
shows how cash is used by a business during a specified time
Cash Flow Statement
period
claims against business resources by those to whom the business
Liabilities
has financial obligations
specific reports prepared according to accepted accounting
Financial Statements
standards that provide financial information about an enterprise
a series of steps performed to ensure the completeness and
Accounting cycle accuracy of accounting records and to prepare summary
financial statements
profits earned by a company that are not paid to shareholders as
Retained Earnings
dividends
Financial Leverage using debt financing to increase the rate of return on assets
a commitment to completing all tasks thoroughly and with the
Due care
highest level of quality
the capability of an organization to meet its financial obligations
Solvency
as they become due
responsible for planning and managing a company's financial
Chief Financial Officer
resources
a structured set of processes, people and equipment for
Information System
converting data into information
the act of recording an activity that results in a change in value of
Account transaction
an organization's resource
analysis done to study relationships in a company's financial
Ratio Analysis resources in order to understand and improve financial
performance
Equity Financing offers an ownership interest in the company to investors
a competitor that has historically demonstrated outstanding
Benchmark Company financial performance used to establish financial performance
goals
Business Finance Final Exam Study Guide
Save
Students also studied
Flashcard sets Study guides
Business Finance Final Exam Business Finance Final Exam Federal Income Tax
55 terms 13 terms Teacher 113 terms
g0013y Preview hdevonxz Preview Aaron_Mutemi
Stretch your brain before your first study session
Learn 1 /7 Study with Learn
responsible for planning and managing a company's financial resources
Choose matching term
1 Chief Financial Officer 2 Treasurer
3 Chairman Of The Board. 4 Operations Supervisor
Don't know?
Cash Asset Current
Accounts Receivable Asset Current
Accounts Payable Liability Current
Stock Owner's Equity Neither
Inventory Asset Current
Land Asset Long Term
Building Asset Long Term
Mortgage Liability Long Term
, Taxes Payable Liability Current
Retained Earnings Owner's Equity Neither
Vehicle Asset Long Term
Prepaid Expenses Asset Current
Basic Accounting Equation Assets=Liabilities + Owner's Equity
Gross Profit Total Sales Revenue-Total Cost of Sales
Net Income Gross Profit-Total operating Expenses+ Interest Paid + Taxes Paid
Owner's Equity the total value that all owners and investors have in the firm
identifies the assets, liabilities, and equity of a business as of a
Balance Sheet
specified date
all of the things a business owns and uses as a part of business
Assets
operations
Provides a view of the financial changes in a business that have
Income Statement
occurred during a specified period of time
Depreciation a decline in the value of an asset as it ages
shows how cash is used by a business during a specified time
Cash Flow Statement
period
claims against business resources by those to whom the business
Liabilities
has financial obligations
specific reports prepared according to accepted accounting
Financial Statements
standards that provide financial information about an enterprise
a series of steps performed to ensure the completeness and
Accounting cycle accuracy of accounting records and to prepare summary
financial statements
profits earned by a company that are not paid to shareholders as
Retained Earnings
dividends
Financial Leverage using debt financing to increase the rate of return on assets
a commitment to completing all tasks thoroughly and with the
Due care
highest level of quality
the capability of an organization to meet its financial obligations
Solvency
as they become due
responsible for planning and managing a company's financial
Chief Financial Officer
resources
a structured set of processes, people and equipment for
Information System
converting data into information
the act of recording an activity that results in a change in value of
Account transaction
an organization's resource
analysis done to study relationships in a company's financial
Ratio Analysis resources in order to understand and improve financial
performance
Equity Financing offers an ownership interest in the company to investors
a competitor that has historically demonstrated outstanding
Benchmark Company financial performance used to establish financial performance
goals
