Financial Terms Glossary Pdf Accrual method of accounting: under the accrual method of accounting, income is reported at the time it is earned, whether or not it has been received. likewise, expenses are reported at the time they are incurred, whether or not the expense has been paid. a profit & loss account income statement is prepared on an accruals basis. This document provides definitions for over 50 common financial terms to help readers better understand financial activities and terminology. some basic terms defined include accounting period, accounts, accounts payable, accounts receivable, accruals, balance sheet, budget, capital, cash flow forecast, contribution margin, cost, depreciation.
Guide To Financial Terms Pdf Expense Gross Margin Basis point (bp) is a unit equal to 1 100th of 1% and is used to denote the change in a financial instrument. cash flow measures the cash generating capability of a company by adding non cash charges (e.g. depreciation) and interest expense to pretax income. Income statement a summary of revenue and expenses. it is also called a profit and loss statement or p&l and as the name suggests, it shows the profits or losses of a business for a specific period. balance sheet a summary of a company’s assets, liabilities, and shareholder’s equity at a specific point in time. Income statement: financial statement used to summarize company revenue, costs, and expenses over a specific period, usually a fiscal quarter or year. the main purpose of an income statement is to provide. Income statement a financial report that summarizes income and expenses and resulting surplus or deficit for a given period of time. also known in the not for profit sector as the statement of operations.
Pdf Financial Planning Glossary Of Terms Pdf Dokumen Tips Income statement: financial statement used to summarize company revenue, costs, and expenses over a specific period, usually a fiscal quarter or year. the main purpose of an income statement is to provide. Income statement a financial report that summarizes income and expenses and resulting surplus or deficit for a given period of time. also known in the not for profit sector as the statement of operations. Capital expenditure, or capex, are expenses by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment. capex needs to be capitalised. capitaliserefers to recording an expense on the balance sheet for writing off (depreciating) the asset over its life. Financial glossary income statement column structure & definitions: gaap adjusted totals are inclusive of all funds (for example: gifts, investment income, endowment distributions) and are broken down into the following columns: operating unit subtotals: o athens athens colleges, administrative & academic support, and central & reserve units. Profit & loss statement (also known as an income statement) is a financial statement listing sales and expenses and is used to work out the gross and net profit of a business. The financial statements show a fair reflection of the financial position at the accounting date; • • the income and spending is shown accurately; • the financial statements meet any legal conditions; and • the financial statements are drawn up clearly. auditing standards.
Glossary Of Financial Terms Demystify The Financial Lingo Capital expenditure, or capex, are expenses by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment. capex needs to be capitalised. capitaliserefers to recording an expense on the balance sheet for writing off (depreciating) the asset over its life. Financial glossary income statement column structure & definitions: gaap adjusted totals are inclusive of all funds (for example: gifts, investment income, endowment distributions) and are broken down into the following columns: operating unit subtotals: o athens athens colleges, administrative & academic support, and central & reserve units. Profit & loss statement (also known as an income statement) is a financial statement listing sales and expenses and is used to work out the gross and net profit of a business. The financial statements show a fair reflection of the financial position at the accounting date; • • the income and spending is shown accurately; • the financial statements meet any legal conditions; and • the financial statements are drawn up clearly. auditing standards.