Financial Statements
Another name for a Profit & Loss Statement
Income Statement
Class' Employee Benefits Guru
Kathleen Howell
CPA stands for
Certified Public Accountant
In Accounting journal entries, debits must equal
Credits
Customers still ask us every single day if we still bank with
Silicon Valley Bank
P&L Stands for
Profit & Loss
Depreciation is
The expense of an asset over its useful life
Class' Audit Firm
Deloitte
This statement is focused on dollar bills coming into and out of the business in any given period
Cash Flow Statement
EBITDA
Earnings before Interest, Taxes, Depreciation, and Amortization
Gross Profit is
Income - Cost of Goods Sold
On the Balance Sheet, Assets = Liabilities + what
Equity
GAAP
Generally Accepted Accounting Principles
FASB
Financial Account Standards Board