Accounting and Finance Flashcards
Cash and credit, given distribution, just done for month unless stated carry over are components of
Sales budget
Accounts receivable is
what money to collect still from timespan
What relates to AR monthly collections, distribution given
cash collections
The flip side of cash collection, relates to accounts payable
disbursement for payment
Disbursement of operating expenses are a ____ expense
cash
A cash budget should have
- cash balance beginning, cash collection = cash available
- Cash disbursements (disbursements for purchases, disbursement for operating expense = total cash disbursement)
- Cash before borrowing, amount borrowed, amount repaid = cash balance ending
Net profit =
gross profit - operating expense
Current assets, accounts receivable, and inventory are examples of
assets
accounts payable and short-term balance loan are examples of
current liabilities
ROI is
return on investment = income / capital %
top managements determination of overall contribution of division to corporate earnings
A performance rating approach linking strategy to actions of e’e and managers
balanced scorecard
Formal quantitative expression of management’s plans, systemic reaction to change
budget
yearly projections of revenues, costs and volumes including schedules and financial statements
master budget
