Term
|
Definition
| tangible items the company owns such as products and buildings. |
|
|
Term
|
Definition
| provides a snapshot of the company's finances at a given time; divided into three section: assets, liabilities, and owner's equity. |
|
|
Term
|
Definition
| calculate how a firm uses its assets; calculating a high ratio means that a company is efficient and collects their money quickly. |
|
|
Term
|
Definition
| a plan for financial activity. |
|
|
Term
|
Definition
| show the company's use of cash over a given period; separated into three main areas: operating, investing, and financing. |
|
|
Term
|
Definition
| the amount of money it takes to live in a particular area taking into account housing, transportation, and food; usually higher in metropolitan areas. |
|
|
Term
|
Definition
|
|
Term
|
Definition
| gauge how a company is using debt; calculating a high ratio mans that there is a high amount of outside financing. |
|
|
Term
|
Definition
| expense plan that forces companies to control their expenses and find ways to reduce costs. |
|
|
Term
|
Definition
| any money going out of the business |
|
|
Term
|
Definition
| useful for comparing 2 businesses, generally from the same industry |
|
|
Term
|
Definition
|
|
Term
|
Definition
| can illustrate past history of a business and show different angles to see how the business is operating; examples include vacation requests, vehicle reimbursements, receipts, bank statements,and financial statements. |
|
|
Term
|
Definition
| documents companies use to make decisions, including cash-flow statements, balance sheets and income statements |
|
|
Term
|
Definition
| show a company's cash flow changes in finances; incorporates stock and bond transactions |
|
|
Term
|
Definition
| shows a company's financial status over a period of time, usually a quarter. |
|
|
Term
|
Definition
| display a company's activity involving long-term actives; also includes long term investments such as land, buildings and machinery. |
|
|
Term
|
Definition
| what the company owes to others |
|
|
Term
|
Definition
| how fast you can convert assets into cash |
|
|
Term
|
Definition
| measure how a company can handle their short term financial situation; in general, the higher the ratio the better off the company is to handle its debt. |
|
|
Term
|
Definition
| investments a company plans on holding for longer that a year. |
|
|
Term
|
Definition
| more cash going out than coming in |
|
|
Term
|
Definition
| revenues are greater than expenses |
|
|
Term
|
Definition
| revenues are less than expenses |
|
|
Term
|
Definition
| how much money is leaving through the main operations. |
|
|
Term
|
Definition
| a budget that encompasses all resources needed to run a business |
|
|
Term
|
Definition
| outcome of operating budget |
|
|
Term
|
Definition
| share of money the owners of a company have in their business |
|
|
Term
|
Definition
| gov policy which allows reimbursements of certain amount per day for business trips; paid by the company; calculated on cost of living |
|
|
Term
|
Definition
|
|
Term
|
Definition
| ability to make money after expenses |
|
|
Term
|
Definition
| evaluate the profitabilaty of a firm |
|
|
Term
|
Definition
|
|
Term
|
Definition
| money paied back to emloyees for expenses accumulated during work time; used on travel |
|
|
Term
|
Definition
| money coming into a buisness; selling a product or service |
|
|
Term
| securites and exchange commisions |
|
Definition
| regulates the content of financla statement and financal markets protects investors |
|
|
Term
|
Definition
| study of changes in a quantity over time; looks for patterns in financal ratios |
|
|
Term
|
Definition
| allows managers to know when employees will be absent |
|
|
Term
|
Definition
| allow employees to drive company vehicles; often gives comoany advertising and gives employees reliable transportation |
|
|
