flashcasts about account

Define 'gross margin'.

Define 'budgetary control' and its purpose.

Define 'goodwill' in accounting.

Define 'contribution margin'.

Define 'intangible assets'.

Define 'going concern' and its importance in financial reporting.

Define 'accrual basis accounting'.

Define 'earnings per share (EPS)' and its calculation.

Define 'comprehensive income'.

Define 'capital budgeting' and its significance.

Define 'accounting cycle'.

Define 'internal rate of return (IRR)' and its use.

Define 'financial leverage' and its impact on return.

Define 'capital budgeting'.

Define 'forensic accounting'.

Define 'consolidated financial statements'.

Define 'current ratio'.

Define 'intangible assets' and give examples.

Define 'current assets' on a balance sheet.

Define 'accumulated depreciation' and its impact on asset valuation.

Define 'accrued expenses'.

Define 'deferred tax liability'.

Define 'cash flow from investing activities'.

Define 'financial leverage'.

Define 'break-even point'.