flashcasts about account

Define 'accrual basis accounting'.

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

Define 'deferred tax liability'.

Define 'financial leverage'.

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

Define 'consolidated financial statements'.

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

Define 'break-even point'.

Define 'contribution margin'.

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

Define 'accounting cycle'.

Define 'current assets' on a balance sheet.

Define 'accrued expenses'.

Define 'budgetary control' and its purpose.

Define 'comprehensive income'.

Define 'current ratio'.

Define 'cash flow from investing activities'.

Define 'capital budgeting'.

Define 'gross margin'.

Define 'forensic accounting'.

Define 'intangible assets'.

Define 'intangible assets' and give examples.

Define 'capital budgeting' and its significance.

Define 'goodwill' in accounting.

Define 'financial leverage' and its impact on return.