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Study sets matching "financial management"

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Study sets matching "financial management"

19 terms
Financial Management
Assets
Balance Sheet
Capital
Current Ratio
Anything of value that is owned
A financial statement that reports assets, liabilities, and o…
Wealth in the form of money or other assets owned by a person…
Current Assets/Current Liabilities
Assets
Anything of value that is owned
Balance Sheet
A financial statement that reports assets, liabilities, and o…
21 terms
Financial Management
financial plan
Capital
financial forecast
budget
is a set of documents that outline the essential... financial fa…
is money supplied by investors, banks, or... owners of a business.
is an estimate of a business's financial outlook for each... of…
is a plan specifying how money will be used or spent during a…
financial plan
is a set of documents that outline the essential... financial fa…
Capital
is money supplied by investors, banks, or... owners of a business.
111 terms
financial management
The two basic sources of funds for all…
It is the management of current assets…
A profitable firm is able to generate…
Financial managers are most concerned…
What are the two basic sources of funds for all businesses?
What is working capital management?
Explain the difference between profitable and unprofitable fi…
What are the three major decisions that most concern financia…
The two basic sources of funds for all…
What are the two basic sources of funds for all businesses?
It is the management of current assets…
What is working capital management?
19 terms
Financial Management
Assets
Balance Sheet
Capital
Current Ratio
Anything of value that is owned
A financial statement that reports assets, liabilities, and o…
Wealth in the form of money or other assets owned by a person…
Current Assets/Current Liabilities
Assets
Anything of value that is owned
Balance Sheet
A financial statement that reports assets, liabilities, and o…
99 terms
Financial Management
Two important aspects of management
Managing people
Managing things
Why is financial management important?
Managing people ... Managing things,
Hard to do in practice, but easier to learn
Easier to do in practice because it can be predictable, but i…
Personal financial decisions... Cost containment... Managers or inf…
Two important aspects of management
Managing people ... Managing things,
Managing people
Hard to do in practice, but easier to learn
66 terms
Unit 5 - Investing, Money Management, Financial Planning - Financial Management
Social security income
Tax deferred
Preferred Stock
Common stock
The monetary benefits received by retired workers who have pa…
Investment earnings such as interest, dividends or capital ga…
A class of ownership in a corporation that has a higher claim…
A security that represents ownership in a corporation. Holder…
Social security income
The monetary benefits received by retired workers who have pa…
Tax deferred
Investment earnings such as interest, dividends or capital ga…
45 terms
Financial Management
Cash Basis
Accrual Basis
assets
liabilities
Method of financial accounting where sales and expenses are r…
Method which recognizes income when earned and expenses when…
things that you own of value
what you owe
Cash Basis
Method of financial accounting where sales and expenses are r…
Accrual Basis
Method which recognizes income when earned and expenses when…
53 terms
Unit 3 - Banking - Financial Management
ABA number/check routing number
ATM card
automatic bill payment services
bank
A unique code on a check assigned by the American Bankers Ass…
A plastic card used to withdraw money from a banking institut…
Automated payments made from a banking, brokerage or mutual f…
A type of business establishment in which money is kept for s…
ABA number/check routing number
A unique code on a check assigned by the American Bankers Ass…
ATM card
A plastic card used to withdraw money from a banking institut…
13 terms
Financial Management 1
Business Risk
Strategic risk
Compliance risk
Operational risk
The possibility a company will have lower than anticipated pr…
Types of Business Risk
Types of Business Risk
Types of Business Risk
Business Risk
The possibility a company will have lower than anticipated pr…
Strategic risk
Types of Business Risk
25 terms
Financial Management - Terminologies
An annuity
An annuity due
Deferred Annuity
Perpetual Annuity
Constant periodic cash flows
Constant periodic cash flows expected at the beginning of a p…
Constant periodic cash flow expected at the end of a period
An annuity of infinite duration
An annuity
Constant periodic cash flows
An annuity due
Constant periodic cash flows expected at the beginning of a p…
10 terms
Financial Management
trial balance
Bookkeeping
daily journal day sheet
accrual basis of accounting
Completed once a month after all posting has been completed a…
mainly the recording part of the accounting process
chronological record of the practice - the financial diary
income is recorded when earned and expenses are recorded when…
trial balance
Completed once a month after all posting has been completed a…
Bookkeeping
mainly the recording part of the accounting process
19 terms
Financial Management
Cost-Benefit Analysis
Marginal Benefit
Marginal Cost
Trade-off
A method of weighing the costs against the benefits of an act…
The change in total benefit of using one additional unit.
The change in total cost of using one additional unit.
The choice you give up when you make one choice over another.
Cost-Benefit Analysis
A method of weighing the costs against the benefits of an act…
Marginal Benefit
The change in total benefit of using one additional unit.
35 terms
Financial Management
5 Functions of Financial Management
Working Capital formula
Current Ratio
Quick Ratio/Acid Test Ratio
1. Financing Function... 2. Capital Budgeting... 3. Financial Mgmt…
CA - CL
CA/CL
Quick Assets/CL... Quick Assets = cash + marketable sec + AR... (N…
5 Functions of Financial Management
1. Financing Function... 2. Capital Budgeting... 3. Financial Mgmt…
Working Capital formula
CA - CL
17 terms
Financial Management
Clinical Supplies
General Supplies
Statement
Inventory
Towels, drapes, gowns, table paper, syringes
Paper towels, soap, toilet tissue
Monthly bill summarizing invoices
List of articles in stock, with the description and quantity…
Clinical Supplies
Towels, drapes, gowns, table paper, syringes
General Supplies
Paper towels, soap, toilet tissue
50 terms
Financial Management
Data
Information
Database
Knowledge management
Numerical or verbal descriptions that usually result from som…
Data presented in a form that is useful for a specific purpose.
A single collection of data and information stored in one pla…
The term that describes a firms procedures for generating, us…
Data
Numerical or verbal descriptions that usually result from som…
Information
Data presented in a form that is useful for a specific purpose.
21 terms
Financial Management
financial plan
Capital
financial forecast
budget
is a set of documents that outline the essential... financial fa…
is money supplied by investors, banks, or... owners of a business.
is an estimate of a business's financial outlook for each... of…
is a plan specifying how money will be used or spent during a…
financial plan
is a set of documents that outline the essential... financial fa…
Capital
is money supplied by investors, banks, or... owners of a business.
20 terms
Financial management
Compound interest
Emergency fund
Interest rates
Sinking fund
Interest paid on interest previously earned. Credited daily,m…
To be used. Only for an emergency. The goal of the first foun…
Percentage paid to a lender for the use of borrowed money (in…
Saving money over time for a large purchase
Compound interest
Interest paid on interest previously earned. Credited daily,m…
Emergency fund
To be used. Only for an emergency. The goal of the first foun…
16 terms
Financial management
Gross Pay
Mortgage
Deposit
Stocks
The money earned from working before taxes and other deductio…
A conveyance of or lien against property that becomes void up…
A sum of money placed or kept in a bank account, usually to g…
The goods or merchandise kept on the premises of a business o…
Gross Pay
The money earned from working before taxes and other deductio…
Mortgage
A conveyance of or lien against property that becomes void up…
351 terms
financial management
선불연금의 현재가치 > 정상연금의 현재가치 -> 선불현금의 미래가치와…
고성장모형의 조건은?
복리와 단리의 차이는?
문제에 아무말 없이 이자율이 주어졌다면? 단리 OR 복리?
선불현금의 미래가치 > 정상현금의 미래가치
C가 T=1부터 가정, 1부터 성장 시작, T=0에 무슨금액이 주어져도 모형에 영향없음
복리는 이자의 재투자효과가 있으나 단리는 없음
단리이자율을 말한다.
선불연금의 현재가치 > 정상연금의 현재가치 -> 선불현금의 미래가치와…
선불현금의 미래가치 > 정상현금의 미래가치
고성장모형의 조건은?
C가 T=1부터 가정, 1부터 성장 시작, T=0에 무슨금액이 주어져도 모형에 영향없음
58 terms
Financial management
Financial management
Balance sheet
Profit & Loss account
Asset
Focuses at valuation, and estimation of costs and revenues (o…
Overview of things owned (e.g machines and buildings) and how…
Overview of costs (e.g raw materials) and revenues (e.g reven…
Anything tangible or intangible that is held to have positive…
Financial management
Focuses at valuation, and estimation of costs and revenues (o…
Balance sheet
Overview of things owned (e.g machines and buildings) and how…
96 terms
Financial Management
Finance
Difference Subject Areas in Finance
3 main forms of business organizations…
Proprietorship and Partnership Adv and…
Finance: the process of transferring money from ... savers to bo…
Investment (Savers)... Corporate Finance (Borrowers)... Financial M…
There are three main forms of business organizations:... 1. Sol…
Advantages: ... Easy to form... Few regulations... Lower tax... Disadvant…
Finance
Finance: the process of transferring money from ... savers to bo…
Difference Subject Areas in Finance
Investment (Savers)... Corporate Finance (Borrowers)... Financial M…
23 terms
Financial Management
present value
employee benefit
rule of 72
annuity
The current value of an asset (or stream of assets) that will…
Compensation for employment that does not take the form of wa…
A formula for figuring the number of years it takes to double…
A stream of payments to be received in the future.
present value
The current value of an asset (or stream of assets) that will…
employee benefit
Compensation for employment that does not take the form of wa…
28 terms
Financial Management
Statement of Cash Flows
Parts of Statement of Cash Flows
Investing Activities
Financing Activities
financial statement that reflects how changes in the balance…
Operating... Financing... Investing... *these tell us the change in ca…
NOT stock investment, but economic investment. The actual spe…
Sale/purchase of stock. When a company has cash flows from fi…
Statement of Cash Flows
financial statement that reflects how changes in the balance…
Parts of Statement of Cash Flows
Operating... Financing... Investing... *these tell us the change in ca…
12 terms
Financial Management
How do you calculate administrative co…
Three tests for 501(c)(3) status
6 functions of the accounting department
The BIG THREE statements
calculate percentage of each department and add totals togeth…
organizational, political, assets
accounts payable, accounts receivable, payroll, budgeting, in…
statement of financial position, statement of financial activ…
How do you calculate administrative co…
calculate percentage of each department and add totals togeth…
Three tests for 501(c)(3) status
organizational, political, assets
23 terms
Financial Management
Financial management
Examples of inadequate financial manag…
Liquidity
Profitability
involves the planning, organising and controlling the use of…
Lack of capital... Too many long term assets... Inadequate control…
Having enough cash flow to be able to operate the business on…
ensuring that the organisation earns enough revenue to cover…
Financial management
involves the planning, organising and controlling the use of…
Examples of inadequate financial manag…
Lack of capital... Too many long term assets... Inadequate control…
31 terms
Financial Management
corporation
country risks
financial markets
general partnership
an entity that legally functions separate and apart from its…
changes in government regulations, unstable government, econo…
those institutions and procedures that facilitate transaction…
all partners are fully liable for the indebtness incurred
corporation
an entity that legally functions separate and apart from its…
country risks
changes in government regulations, unstable government, econo…
63 terms
Financial management
business
cartel
classical tax system
competitive marketing
an economic unit that aims to sell goods and services to cust…
an agreement between businesses that is designed to restrict…
tax system in which corporate tax and income tax are levied s…
there are a multitude of companies offering a standardized pr…
business
an economic unit that aims to sell goods and services to cust…
cartel
an agreement between businesses that is designed to restrict…
12 terms
Financial Management
Assets
Investments
Account receivable
Inventory
Things that you own
putting your money towards stocks and bonds as well as real e…
when stock is sold but was not paid cash rather bank accounts
cost of stock
Assets
Things that you own
Investments
putting your money towards stocks and bonds as well as real e…
103 terms
Financial Management
Acceptance
Advertising
Adjustable Rate Mortgage (ARM)
Adjusted gross income
A formal agreement to the terms of an offer, forming a contra…
Any paid form of no personal presentation and promotion of id…
A mortgage in which the interest rate changes in response to…
Income minus allowable exclusions (such as IRAs and alimony)
Acceptance
A formal agreement to the terms of an offer, forming a contra…
Advertising
Any paid form of no personal presentation and promotion of id…
32 terms
Financial Management
Finance
Cycle of money
Financial markets
Financial markets consist of:
helps people and business make decisions about when to buy an…
the movement of money from lender to borrower and back again.
the forums in which buyers and sellers of financial assets an…
Equity, debt, derivative, and foreign exchange markets.
Finance
helps people and business make decisions about when to buy an…
Cycle of money
the movement of money from lender to borrower and back again.
17 terms
Financial Management
Net Income=
Net Cash Flow=
EBIT
Accruals
EBIT-INTEREST=EBT-TAXES (40%)=
Net Income+Depreciation=
Earnings before interest and taxes
Tax credits
Net Income=
EBIT-INTEREST=EBT-TAXES (40%)=
Net Cash Flow=
Net Income+Depreciation=
38 terms
Financial Management
Markets for short term debt securities…
Markets for long term debt securities…
Long term debt securities are also cal…
Firms raise capital by selling newly i…
Money markets
Capital Markets
Corporate stock
primary markets
Markets for short term debt securities…
Money markets
Markets for long term debt securities…
Capital Markets
21 terms
Financial Management
Balance Sheet
Income Statement
Break even volume
Break even sales
Shows possessions (assets) and the way we financed it (Equity…
Shows how equity changed
shows how many X you have to sell to get the break even point
Shows the money you get from selling X which amounts to the b…
Balance Sheet
Shows possessions (assets) and the way we financed it (Equity…
Income Statement
Shows how equity changed
78 terms
Financial Management
financial management
financial control
accounting
financial accounting
process to support an efficient and effective management of t…
ensure implementations are in line with objectives, rules and…
trying to keep a record of the transactions of a company
provides external users with financial statements
financial management
process to support an efficient and effective management of t…
financial control
ensure implementations are in line with objectives, rules and…
21 terms
Financial management
Statement of retained earnings
Dividends
Capital budgeting
Four types of financial statements
Shows how much of the income earned by a company is distribut…
What you give back to the shareholders
The process used to make investment decisions involving proje…
Statement of retained earnings/income statement/statement of…
Statement of retained earnings
Shows how much of the income earned by a company is distribut…
Dividends
What you give back to the shareholders
8 terms
Financial Management
Financial Management
Functions of Finance
Financial Planning Process
Developing Budget To Meet Needs
Acquiring money to fund an organization
-Obtaining funds... -Controlling funds... -Collecting funds... -Auditi…
-Forecast cash flow... -Develop budgets to meet needs... -Establish…
-Operating budget... >Sum of all other budgets... -Cash budget... >M…
Financial Management
Acquiring money to fund an organization
Functions of Finance
-Obtaining funds... -Controlling funds... -Collecting funds... -Auditi…
324 terms
Financial Management
1.
A.
B.
C.
The concept of operating leverage involves the use of _______…
fixed costs
variable costs
marginal costs
1.
The concept of operating leverage involves the use of _______…
A.
fixed costs
13 terms
Financial Management
Financial Management
Risk/ Return Trade-Off
Debt Financing
Equity Financing
Planning for a firm's money needs and managing the allocation…
The balance of potential risks against potential rewards
Arranging funding by borrowing money
Arranging funding by selling ownership shares in the company,…
Financial Management
Planning for a firm's money needs and managing the allocation…
Risk/ Return Trade-Off
The balance of potential risks against potential rewards
69 terms
financial management
what is capital
what are assets
what are fixed assets
what are current assets
capital is the money invested into the business to enable it…
assets are the resources of the business e.g. vehicles, fuel…
resources which will be kept for more than a year e.g. land b…
resources which will be kept for less than a year e.g. stock,…
what is capital
capital is the money invested into the business to enable it…
what are assets
assets are the resources of the business e.g. vehicles, fuel…
19 terms
Financial management
42 terms
Financial Management
Revenue Budget
Operational Budget
Capital Budget
Cash Flow (budget)
estimated sales... revenue budget should be projected first duri…
guides day-to-day operations... Foundation of planning and contr…
Foundation for growth, repairs, (e.g. replacing equipment, ex…
projects revenue/expenses. Estimated flow of cash in/out duri…
Revenue Budget
estimated sales... revenue budget should be projected first duri…
Operational Budget
guides day-to-day operations... Foundation of planning and contr…
67 terms
financial management
What are the 4 basic areas of finance?
Another name for corporate finance is?
What do investors do? What are some jo…
What are financial institutions?
1) corporate ... 2) Investments ... 3) financial institutions... 4) in…
Business finance
They work with financial assets such as stocks and bonds. The…
Companies that specialize in financial matters. such as banks…
What are the 4 basic areas of finance?
1) corporate ... 2) Investments ... 3) financial institutions... 4) in…
Another name for corporate finance is?
Business finance
42 terms
Financial Management
finance
financial management
financial managers
comptroller
the function in a business that acquires funds for the firm a…
the job of managing a firm's resources so it can meet its goa…
managers who examine financial data prepared by accountants a…
chief accounting officer
finance
the function in a business that acquires funds for the firm a…
financial management
the job of managing a firm's resources so it can meet its goa…
29 terms
Financial Management
What are the 4 financial statements
Balance Sheet
What is on a balance sheet?
Income Statement
Balance Sheet, Income Statement, Statement of Stockholders Eq…
Reports financial position at a date in time. A snapshot form…
Current Assets, PP&E, Other Assets, Current Liabilities, Long…
Reports profitability over a period of time. formula is Reven…
What are the 4 financial statements
Balance Sheet, Income Statement, Statement of Stockholders Eq…
Balance Sheet
Reports financial position at a date in time. A snapshot form…
20 terms
Financial Management
financial management
short-term forecast
cash flow forecast
long-term forecast
managing firm's resources so it can meet its goals and object…
predicts revenues, costs, and expenses for one year or less
predicts cash inflow, outflows, in future periods
predicts revenues, costs, and expenses for longer than 1 year
financial management
managing firm's resources so it can meet its goals and object…
short-term forecast
predicts revenues, costs, and expenses for one year or less
35 terms
Financial Management
Assets
Balance sheet
Break-even point
Cash flow statement
Items of value owned by a business
A financial statement that lists, what a business owns (asset…
Volume of sales that must be made to cover all the expenses o…
An accounting report that describes the cas that flows in and…
Assets
Items of value owned by a business
Balance sheet
A financial statement that lists, what a business owns (asset…
51 terms
Unit 6 - Insurance Basics - Financial Management
Actual cash value
Death benefits
Managed care
Renters insurance
Amount equal to the replacement cost minus deprecation of a d…
Amount on a life insurance policy or pension that is payable…
A healthcare plan or system that seeks to control medical cos…
A form of property insurance that provides coverage for a pol…
Actual cash value
Amount equal to the replacement cost minus deprecation of a d…
Death benefits
Amount on a life insurance policy or pension that is payable…
13 terms
Financial Management
What is an operating statement?
What does an operating statement tell…
What are the 3 main sections of the Pr…
What does the General Store Informatio…
it is a document that gives information about your pharmacy's…
views the current month's performance as compared to the same…
1. General store information... 2. Profit and loss statistics... 3.…
-district info... -manager info... -store opening dates... -store hour…
What is an operating statement?
it is a document that gives information about your pharmacy's…
What does an operating statement tell…
views the current month's performance as compared to the same…
50 terms
Financial Management
Solvency
Fundraising Efficiency
Admin Cost Ratio
Profit Margin
Net assets exceed liabilities; solid ground
Fundraising expense divided by contributions received
Admin expense divided by total expense
(Total revenue minus total expense) divided by total revenue
Solvency
Net assets exceed liabilities; solid ground
Fundraising Efficiency
Fundraising expense divided by contributions received
25 terms
Financial Management Money Terms 2
Check
Earnings
Employment benefits
Exemptions
A written, dated and signed instrument that contains an uncon…
The amount of profit that a company produces during a specifi…
indirect and non-cash compensation paid to an employee
the circumstances of a taxpayer, as age or number of dependen…
Check
A written, dated and signed instrument that contains an uncon…
Earnings
The amount of profit that a company produces during a specifi…
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