Excess Vocabulary
The things of value that a business owns.
"What is" assets?
The money a business earns from selling goods/services.
"What is" revenue?
How much working capital a business has (shows if a firm has enough liquid resources to pay for current liabilities)
"What is" the value of current net assets?
Sales x Sales Price = ?
"What is" revenue?
The business's debts (source of needed funds).
"What is" liabilities?
The (balance sheet) summary of business assets, liabilities, and capital of a certain point in time.
"What is" the SOFP (statement of financial position)?
Cost of Product - Cost of Making the Product = ?
"What is" cost of sales?
Money the business owners provide(d).
"What is" capital?
A statement/document that shows the year's progress on business income and expenses.
The analysis of the different types of funding the business used.
"What is" capital structure?
Profit Before Tax - Tax = ?
"What is" profit after taxation?
The ease at which assets can be sold for cash.
"What is" liquidity?
"What is" administrative expenses?
How the money (raised by the business) has been spent on assets.
"What is" asset structure?
Current assets - Current liabilities = ?
Value of a company from relationship status with customers and suppliers.
"What is" goodwill?
The costs to 'run' the business (e.g. facilities, taxing).
"What is" other operating expenses?
The title of the bottom section of the SOFP document (shows business capital).
"What is" shareholder's equity?
Revenue - Cost of Sales = ?
"What is" gross profit?