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Balance Sheet
Income Statement
Cash Flow and Ratios
Equivalent Terms
Accounting Profession
100
An asset which may be used within one year
What is a current asset
100
Money owed to government based on income
What is taxes
100
Current assets / current liabilities
What is the current ratio
100
Another word for Revenue
What is Sales
100
A state licensed accountant
What is a CPA
200
A debt or money owed for longer than one year
What is a long term liability
200
Negative profit
What is a Loss
200
Net incomes divided by sales
What is profit margin
200
Another word for Net Income
What is Profit
200
An accountant who is employed by a corporation
What is a private accountant
300
An asset that is sold for sales revenue
What is Inventory
300
The expense of selling a product
What is Cost of Goods Sold
300
Cash inflow and outflow from the day to day business
What is operating activity cash flow
300
Another word for raising capital through debt
What is a Liability
300
Commonly the top financial accountant in a coporation
What is the CFO
400
An asset that cannot be touched or held
What is an intangible
400
The cost incurred to borrow money
What is interest expense
400
The percentage of assets acquired by borrowing
What is debt ratio
400
Another word for plant, propoerty and equipment
What is Fixed Assets
400
They elect and hire management in a firm
What is the Board of Directors?
500
Profit that is held in the business
What is retained earnings
500
A cost that does not depend on the number or amount of sales
What is a fixed cost
500
Net income divided by the number of stock
What is EPS
500
The historical cost of an asset
What is Book value
500
The report which states that financial statements appropriately represent the firm's financial position
What is the Audit Report