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| structured investment vehicle |
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| a report issued annually by a corporation to its stockholders. It contains basic financial statements as well as managements analysis of the firms past operations and future prospects |
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| Annual Reports 4 basic financial statements |
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balance sheet
income statement
statement of cash flows
statement of stockholders equity |
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| a snapshot of a firms financial position at a specific point in time. |
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| can should be converted into cash in a year |
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| expected to be used for more than a year |
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| consist entirely of net plant and equipment |
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| paid in capitol + retained earnings |
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or:
Stock Holders Equity = |
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| total assets - total liabilities |
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inventory items purchased on credit
current assets minus accounts payable and accruals
= current assets - (payables + Accruals) |
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| (accumulation) of something is, in finance, the adding together of interest or different investments over a period of time. It holds specific meanings in accounting, where it can refer to accounts on a balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting. |
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| a report summarizing a firms revenues, expenses, and profits during a reporting period, generally a quarter or a year |
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| earnings per shsare or bottom line |
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earnings from operations before interest and taxes
EBIT earnings before interest and taxes |
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| sales revenue - operating costs |
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| is anannual charge against income that reflects the estimated dollar cost of the capitol equipment and other tangible assets that were used up in the production automation |
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| same as depreciation but that it represents the decline in value of tangible assets such as patents , copyrights,trademarks,and goodwill |
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| earnings before interest, taxes, depreciation, amortization |
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a report that shows how things that affect the balance sheet and income statement affect the firms cash flows
1 operating activities
2 long term invest activ
3 financing activ
4summary |
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| Statements of Stock Holders Equity |
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| a statement that shows by how much a firms equity changed during the year and why this change occured |
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| the amount of cash that could be withdrawn from a firm without harming its ability to operate and to produce future cash flows |
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| the higher one earns the more they pay |
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| The tax rate applicable to the last unit of a persons income |
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| Taxes Paid divided by taxable income |
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| the profit (loss) from the sale of a capitol asset for more(less) than its purchase price |
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| Alternative Minimum Tax (ATM) |
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Definition
| created in 1969 calculate their tax under the regular system and then under the ATM. created so wealthy people could not skate taxes by use of shelters |
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| Tax loss carry back or carry forward |
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| ordinary corporate operating losses can be carried backward for 2 yrs and carried forward for 20 yrs to offset taxable income in a given year |
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| Consolidated Corporate Tax Returns |
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| if a company owns more than 80% or more of another companies stock, it can aggregate income and file one return. |
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Definition
| a small corpor that under subchapter S of the IRS code elects to be taxed as a proprietorship or a partnership yet retains limited liability and other benefits of the corporate form of organization |
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