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Accounting

Terms in this set (16)

ΔNet PP&E
= Purchases − NBV of sold − Depreciation + Part of acquisitions
Net accounts receivable
Gross accounts receivable - allowance for bad debts
Cash Collected
sales - change in accounts receivable
Allowance for Doubtful Accounts
Begin Balance + BDE - Write-offs = Ending Balance
Lifo reserve
a contra-asset for the excess of FIFO over LIFO inventory
current market value of inventory
Inventory + LIFO reserve
FIFO COGS
LIFO COGS - Change in LIFO Reserve
FIFO Pretax
Reported Pretax + Change in LIFO Reserve
Cash paid to suppliers and employees
Cost of goods sold + SG&A + Change in Inventory - Change in Accounts/Payable & Accrued Expense
Depreciable PPE
Buildings & machinery (not land or construction in progress)
Interest Expense
Payments + Change in Debt
Total Debt
short term debt + current maturities + long term debt
Effective income tax
provision for income taxes / income before income taxes
statutory tax rate
The legally imposed tax rate.
Inventory BASE
Beginning Balance + Purchases - COGS = Ending Balance
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