|Income Statement ||An ________________________ shows revenues, expenses, and profit for a time period such as a month, quarter, or years.
|Fiscal Year ||________________________ refers to any twelve-month period that a company uses for accounting purposes.
|Sales / Revenue ||______________________ is the dollar value given of all the products or services a company provides to its customers during a given period of time.
|Operating Expenses ||________________________ reflects the costs that are required to keep a business going day to day.|
|Net Profit / Margin ||________________________ refers to the bottom line of the income statement.|
|Opportunities, Threats ||The two parts of a SWOT analysis that refer to external areas of concern for a company
are ____________________ and _____________________.|
|Non-Cash Accounts ||_________________________ refers to expenses charged to a period on the income statement but is not actually paid out in cash.|
|Depreciation ||Accountants use ________________________to spread the cost of equipment and other assets over more than one accounting period.|
|EBITDA ||Wall Street believes ______________________ is a better measure of a company’s operating efficiency because it ignores noncash charges.|
|Earnings Per Share ||n a publically traded company, ___________________________is a company’s net profit divided by the number of shares outstanding.|
|Balance Sheet ||___________________________ reflects the assets, liabilities, and owner’s equity at a specific point in time.|
|Assets ||__________________________ come first on the balance sheet and reflect what the company owns.|
|Current Assets ||_________________________ includes assets that can be turned into cash in less than a year.|
|Cash / Cash Equivalents ||____________________ comes first in the current asset portion of the balance sheet.|
|Accounts Recievable ||__________________________ reflect customer balances outstanding on credit sales.
|Inventory ||___________________ reflect items held for sales or used in the manufacturing of products that will be sold.|
|Raw Materials, Finished Goods, Works in Progress ||______________________, _________________________, and Work In Progress are three types of inventory.|
|Long-Term Assets ||_____________ includes assets that cannot be turned into cash within the next twelve months.|
|Capital Expenditures ||_______________ refers to the purchase of an item that’s considered a long-term investment, such as a building and/or equipment.
|Capital ||_________________ refers to a number of things such as; physical capital and financial capital.|
|PPE = Property, Plant, Equiptment ||_________________ includes a company’s fixed assets and whose value is adjusted on the balance sheet by accumulated depreciation.
|Straight Line, Accellerated, Units of Production ||Three methods of depreciation are _____________, __________________, ______|
|Land ||___________________ refers to property used in the business.|
|Equipment ||___________________ reflects “historic costs”, including delivery and installation charges, of machinery and equipment used in business operations.|
|Accumulative Depreciation ||Accountants use _____________________________ to adjust the “historic cost” of all items, depreciated to what is known as “book value”.
|Other Assets ||____________________ refers to a multitude of other noncurrent assets on the balance sheet such as goodwill, patents, trademarks, copyrights, brand names, and franchises.|
|current Liabilities ||_______________ reflect liabilities that must be paid in one year or one operating cycle, whichever is longer.|
|Accounts Payable ||_______________ reflect short-term obligations that arise from credit extended by suppliers for the purchase of goods and services.|
|Line of Credit ||___________ is a current liability which permits borrowing from a financial institution up to a maximum amount.|