flashcasts about account

Define 'financial leverage' and its impact on return.

Define 'accrual basis accounting'.

Define 'consolidated financial statements'.

Define 'gross margin'.

Define 'capital budgeting' and its significance.

Define 'forensic accounting'.

Define 'current ratio'.

Define 'budgetary control' and its purpose.

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

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

Define 'contribution margin'.

Define 'intangible assets' and give examples.

Define 'break-even point'.

Define 'accrued expenses'.

Define 'cash flow from investing activities'.

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

Define 'deferred tax liability'.

Define 'comprehensive income'.

Define 'goodwill' in accounting.

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

Define 'financial leverage'.

Define 'intangible assets'.

Define 'current assets' on a balance sheet.

Define 'accounting cycle'.

Define 'capital budgeting'.