flashcasts about account

Define 'forensic accounting'.

Define 'accrual basis accounting'.

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

Define 'comprehensive income'.

Define 'financial leverage'.

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

Define 'gross margin'.

Define 'contribution margin'.

Define 'current ratio'.

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

Define 'consolidated financial statements'.

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

Define 'capital budgeting'.

Define 'goodwill' in accounting.

Define 'intangible assets'.

Define 'current assets' on a balance sheet.

Define 'capital budgeting' and its significance.

Define 'accrued expenses'.

Define 'accounting cycle'.

Define 'deferred tax liability'.

Define 'financial leverage' and its impact on return.

Define 'cash flow from investing activities'.

Define 'budgetary control' and its purpose.

Define 'break-even point'.

Define 'intangible assets' and give examples.