Accounting Fundamentals FMVA
Accounts Payable - ANS-Amounts to be paid within the destiny for items or services already
received (usually inside 30-ninety days)
Accounts Receivable - ANS-Amounts to be obtained inside the future due to the sale of
products or services
gathered prices - ANS-prices incurred in a single financial period however no longer paid till
a later financial period
Assets - ANS-money and other valuables belonging to an individual or business
Balance Sheet - ANS-A economic declaration that reviews property, liabilities, and owner's
equity on a particular date.
Capital - ANS-cash for funding
cash flows from financing sports - ANS-cash flows that result from debt and fairness
financing transactions
cash flows from making an investment activities - ANS-coins inflows and outflows associated
with the sale or purchase of investments and lengthy-lived belongings
coins flows from working activities - ANS-cash flows which are directly related to earning
earnings
Closing balance - ANS-The amount of cash in a business on the give up of the month
Common Shares - ANS-Represent an possession interest, a residual declare on the
company's property in liquidation, and govern via balloting rights;
No responsibility for corporation to pay a dividend;
Can proxy their votes to others;
Cost of Debt Financing (interest, bank expenses) - ANS-The after-tax hobby cost related to
acquiring outside financing through borrowing.
Current belongings - ANS-coins and different property expected to be exchanged for cash or
consumed within a year (Cash, stock, bills receivable)
Current Liabilities - ANS-liabilities due within a quick time, generally within a yr
Depreciation - ANS-A decrease or loss in price
Depreciation components - ANS-(cost - salvage cost) / beneficial existence
Accounts Payable - ANS-Amounts to be paid within the destiny for items or services already
received (usually inside 30-ninety days)
Accounts Receivable - ANS-Amounts to be obtained inside the future due to the sale of
products or services
gathered prices - ANS-prices incurred in a single financial period however no longer paid till
a later financial period
Assets - ANS-money and other valuables belonging to an individual or business
Balance Sheet - ANS-A economic declaration that reviews property, liabilities, and owner's
equity on a particular date.
Capital - ANS-cash for funding
cash flows from financing sports - ANS-cash flows that result from debt and fairness
financing transactions
cash flows from making an investment activities - ANS-coins inflows and outflows associated
with the sale or purchase of investments and lengthy-lived belongings
coins flows from working activities - ANS-cash flows which are directly related to earning
earnings
Closing balance - ANS-The amount of cash in a business on the give up of the month
Common Shares - ANS-Represent an possession interest, a residual declare on the
company's property in liquidation, and govern via balloting rights;
No responsibility for corporation to pay a dividend;
Can proxy their votes to others;
Cost of Debt Financing (interest, bank expenses) - ANS-The after-tax hobby cost related to
acquiring outside financing through borrowing.
Current belongings - ANS-coins and different property expected to be exchanged for cash or
consumed within a year (Cash, stock, bills receivable)
Current Liabilities - ANS-liabilities due within a quick time, generally within a yr
Depreciation - ANS-A decrease or loss in price
Depreciation components - ANS-(cost - salvage cost) / beneficial existence
