flashcasts about account

Define 'intangible assets' and give examples.

Define 'accrued expenses'.

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

Define 'financial leverage' and its impact on return.

Define 'current ratio'.

Define 'accrual basis accounting'.

Define 'accounting cycle'.

Define 'comprehensive income'.

Define 'break-even point'.

Define 'cash flow from investing activities'.

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

Define 'goodwill' in accounting.

Define 'intangible assets'.

Define 'capital budgeting' and its significance.

Define 'deferred tax liability'.

Define 'financial leverage'.

Define 'budgetary control' and its purpose.

Define 'current assets' on a balance sheet.

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

Define 'capital budgeting'.

Define 'gross margin'.

Define 'consolidated financial statements'.

Define 'forensic accounting'.

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

Define 'contribution margin'.