flashcasts about account

Define 'accounting cycle'.

Define 'break-even point'.

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

Define 'financial leverage'.

Define 'financial leverage' and its impact on return.

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

Define 'comprehensive income'.

Define 'contribution margin'.

Define 'budgetary control' and its purpose.

Define 'gross margin'.

Define 'accrued expenses'.

Define 'current assets' on a balance sheet.

Define 'cash flow from investing activities'.

Define 'capital budgeting'.

Define 'intangible assets' and give examples.

Define 'deferred tax liability'.

Define 'accrual basis accounting'.

Define 'current ratio'.

Define 'forensic accounting'.

Define 'consolidated financial statements'.

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

Define 'intangible assets'.

Define 'capital budgeting' and its significance.

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

Define 'goodwill' in accounting.