Show:
Processes
Ratios
Balance Scorecard
Internal Control
Bank Reconciliation
100
A process that is used for planning and evaluating business growth
What is Performance Measurement and Management Process?
100
Measures the revenue generated per dollar owners’ equity.
What is Return on Owners' equity ratio?
100
The part of the balance scorecard concerned with the financial health of the company.
What is the Financial Perspective
100
This section has to do with keeping track of all transaction and making accurate documents so managers can trace responsibility.
What is Maintaining Adequate Documentation.
100
Checks that were bounced back by the bank due to not enough money
What is Nonsufficient Funds (NSF) Check
200
This process determines the plans of action for the company.
What is Business Organization and Strategy Process?
200
The return generated per dollar of total investment.
What is Return on Investment
200
The part of the balance scorecard concerned with the internal operations of the company.
What is the Internal Perspective
200
The set of policies used to achieve 3 objectives which are to promote operational efficiency, ensure the accuracy of accounting information, and encourage management and employee compliance with applicable laws and regulations.
What is Internal Control System
200
A percent of money that gets added to your money in a bank.
What is Interest
300
This subprocess involves the purchase and sale of long-term assets and other major items used to achieve the business's strategy.
What are Investing processes?
300
Measures the gross profit of the company's products.
What is Gross Margin Ratio
300
This perspective has to do with the company's largest unrecorded asset.
What is the Customer Perspective
300
This section has to do with companies limiting the amount of people who have access to physical assets and accounting records to only be accessed by authorized personnel only.
What is Physically Controlling Assets and Information
300
A price the bank charges towards the balance for doing the Bank Reconciliation
What are Service Charges
400
It involves the investing and financing activities of the business.
What is the Capital Resources Process
400
A measure of a company's ability to meets its current obligations as they become due.
What is Quick Ratio?
400
The part of the balance scorecard approach concerned with the company’s ability to ensure its future.
What is the Learning and Growth Perspective
400
This aspect of the Internal Control System ensures that the people responsible for certain activities have the authority to enforce the policies associated with those activities
What is Requiring Proper Authorization
400
Money that you sent to the bank that should be added to the banks balance
What is Deposits in Transit
500
A process that has to do with the profit-making activities of the business
What is Operating Processes
500
This concept considers only cash and assets that are quickly converted to cash as “quick” assets and is used within the Quick Ratio.
What are Liquidity measurements?
500
Time spent on activities that add value to the company’s products/services or processes.
What is Value-added Time
500
This section of the Internal Control System has to do with dividing the duties so no one person violates company policies
What is Separation of Duties
500
Checks that the business have deducted but the bank still needs to deduct this since it hasn't received it yet
What is Outstanding Checks