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Study sets matching "it financial"

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Study sets matching "it financial"

10 terms
Financial Intelligence for IT Professionals
Depreciation
Write-offs
Capital expenditures
Capitalize
The method accountants use to allocate the cost of equipment,…
One-time charges segregated on the income statement for adjus…
The purchase of an item that is considered a long-term item s…
To capitalize is an accounting method used to delay the recog…
Depreciation
The method accountants use to allocate the cost of equipment,…
Write-offs
One-time charges segregated on the income statement for adjus…
9 terms
Financial it
taxes
IRS
form W4
allowance
compulsory charges imposed on citizens by local, state and th…
A government agency which collects taxes for the federal gove…
employers withholding allowance certificate provides a percen…
The government allows taxpayers to claim certain allowances,…
taxes
compulsory charges imposed on citizens by local, state and th…
IRS
A government agency which collects taxes for the federal gove…
28 terms
Financial Crisis - IT>EN
Trade surpluses and deficits
Global imbalances
Creditor countries
Debtor countries
Bilancia commerciale attiva e passiva
Squilibrio globale
paesi creditori
paesi debitori
Trade surpluses and deficits
Bilancia commerciale attiva e passiva
Global imbalances
Squilibrio globale
27 terms
Financial Loss: Other forms of it
Spartan Steel & Alloys Ltd v Martin &…
Liesbosch Dredger v SS Edison (1933)
Lagden v O'Connor [2004]
Network Rail Infrastructure Ltd v Cona…
Consequential financial loss
Consequential financial loss
Consequential financial loss
Consequential financial loss
Spartan Steel & Alloys Ltd v Martin &…
Consequential financial loss
Liesbosch Dredger v SS Edison (1933)
Consequential financial loss
35 terms
Financial Terms - It's All About the Money, Money, Money!
Account Balance
ATM
ATM (Automated Teller Machine)
NSF
The exact amount of money contained in a deposit account acco…
Means: Automated Teller Machine
Specialized computer used by bank customers to manage their m…
Non-sufficient funds (lack of money in an account to pay the…
Account Balance
The exact amount of money contained in a deposit account acco…
ATM
Means: Automated Teller Machine
32 terms
financial account final. #itsLITten
bond indenture
bond certificate
annual interest paid
secured bonds
legal contract between the issuer and bondholders (and specif…
specifies issuer's name, par value, contract interest rate, a…
bond par value x contract rate
specific assets of the issuer pledged as collateral. gives ho…
bond indenture
legal contract between the issuer and bondholders (and specif…
bond certificate
specifies issuer's name, par value, contract interest rate, a…
12 terms
Is it lagging, leading, financial, or non-financial?
Lagging indicators
Leading indicators
Financial measures
Non-financial measures
A performance measure that can be determined only after an ev…
A performance measure that helps predict a future result
Quantitative and objective measures taken from accounting rep…
Performance measure that is not based on accounting results a…
Lagging indicators
A performance measure that can be determined only after an ev…
Leading indicators
A performance measure that helps predict a future result
26 terms
Chapter 8: Financial Management for IT services
what is the aim of financial management?
what is the purpose of financial manag…
what are the key objectives of financi…
what must a budget reflect?
ensure that the business's financial resources are optimized…
to ensure that:... 1. money is managed and spent wisely... 2. ava…
to ensure:... 1. there is an effective system for planning and…
the services to be delivered, new projects, investments, and…
what is the aim of financial management?
ensure that the business's financial resources are optimized…
what is the purpose of financial manag…
to ensure that:... 1. money is managed and spent wisely... 2. ava…
40 terms
Ch. 2: The Financial System and its Technology
warehouse bank
check
clearing
clearinghouse
a bank that keeps depositors' cash in storage
an order to a bank to make payment from a deposit
collection process for checks in which checks drawn on one ba…
an association of banks to facilitate clearing
warehouse bank
a bank that keeps depositors' cash in storage
check
an order to a bank to make payment from a deposit
21 terms
OH DEAR LORD ITS FINANCIAL LITERACY
discretionary expense
checking account
savings account
credit card
expenses that are not absolutely necessary
An account at a bank against which checks can be drawn by the…
a bank account that you add savings to, that earns interest o…
A plastic card used to make purchases now and pay for them la…
discretionary expense
expenses that are not absolutely necessary
checking account
An account at a bank against which checks can be drawn by the…
37 terms
Chapter 1 - Financial Accounting and Its Economic Context
Net income (AKA profit or earnings)
Balance Sheet
Assets
Accounts receivable
Revenue - Expenses
Document that summarizes the company's financial position at…
Items that will bring future economic benefits such as cash b…
Amount of money due from customers at that moment.
Net income (AKA profit or earnings)
Revenue - Expenses
Balance Sheet
Document that summarizes the company's financial position at…
10 terms
Elements of Financial statements and its account title
Balance Sheet Accounts (Permanent Acco…
Assets
Current Assets
Non-Current Assets
Asset... Liabilities... Owner's equity or Capital
Current Assets... Non-Current Assets
Cash... Petty Cash Fund... Cash equivalents... Notes Receivable... Accoun…
Property and Equipment... Land... Building... Machinery and Equipment…
Balance Sheet Accounts (Permanent Acco…
Asset... Liabilities... Owner's equity or Capital
Assets
Current Assets... Non-Current Assets
12 terms
COBIT (IT) and COSO (Financial Reporting) Unit 2
What Does COBIT allow?
COBIT 5 Governance
COBIT 5 Management
COBIT Trust Service Framework
1. Allows Management to Benchmark Security and Control Practi…
(EDM)... 1. Evaluate... 2. Direct... 3. Monitor
(PBRM)... 1. Plan... 2. Build... 3. Real... Monitor
(PASSCP)... 1. Processing Integrity ... 2. Availability... 3. Systems…
What Does COBIT allow?
1. Allows Management to Benchmark Security and Control Practi…
COBIT 5 Governance
(EDM)... 1. Evaluate... 2. Direct... 3. Monitor
12 terms
Performing Financial Theories: Black-Scholes and its World
finance as an academic discipline
Benoit Mandlebrot and "fat tails"
Employee Retirement Income Security Ac…
index funds
?
... although the normal distribution closely matches the real…
sets minimum standards for most voluntarily established pensi…
a type of mutual fund with a portfolio constructed to match o…
finance as an academic discipline
?
Benoit Mandlebrot and "fat tails"
... although the normal distribution closely matches the real…
14 terms
Ch 1 - What is Financial Accounting, and Why Is It Important?
financial accounting
interest
managerial accounting
incorporation
The communication of financial information about a business o…
The charge for using money over time, often associated with l…
The communication of financial information within an organiza…
Legal process by which owners of an organization apply to a s…
financial accounting
The communication of financial information about a business o…
interest
The charge for using money over time, often associated with l…
Chapter 1 - The UK financial services industry in its European and Global Context
ECB
EBA
ESMA
EIOPA
European Central Bank = Monetary Policies
European Banking Authority
European Securities and Markets Authority
European Insurance and Operational Pension Authority
ECB
European Central Bank = Monetary Policies
EBA
European Banking Authority
52 terms
Financial & Managerial Accounting Chapter 1 "Business: What's It All About?"
Assets
Balance Sheet
Books
Capital
Economic resources owned or controlled by the business
shows a summary of each element of the accounting equation: a…
company's accounting records
name for resources used to start and run a business
Assets
Economic resources owned or controlled by the business
Balance Sheet
shows a summary of each element of the accounting equation: a…
52 terms
Financial & Managerial Accounting Chapter 1 "Business: What's It All About?"
Assets
Balance Sheet
Books
Capital
Economic resources owned or controlled by the business
shows a summary of each element of the accounting equation: a…
company's accounting records
name for resources used to start and run a business
Assets
Economic resources owned or controlled by the business
Balance Sheet
shows a summary of each element of the accounting equation: a…
25 terms
IT audit exam 2 chapter 6 [focus on General Ledger, Financial Reporting System & XBRL topics]
General Ledger System [GLS]-pg 280/657
Fin Reporting-282/ 657
XBRL-269/657
Journal voucher
contained multiple statements that make up GLS Database... -GL M…
The last step in the overall accounting process. It starts wi…
eXtensible business reporting language (XBRL).... -the Internet…
The source of input to the general ledger.... Used to represent…
General Ledger System [GLS]-pg 280/657
contained multiple statements that make up GLS Database... -GL M…
Fin Reporting-282/ 657
The last step in the overall accounting process. It starts wi…
9 terms
Developments in Banking and Finance: Financial Regulation - What went wrong and how can we put it back?
Before the crisis 2007... The US housing…
When the bubble burst ?
Market Fundamentaism
The boom contained three trends each w…
:Loans packaged up into financial securities, as a result of…
:George Soros sees bubbles as consisting of two components... :…
:Promotes the notion that markets find their own level and th…
:Trend 1 : Increasing credit expansion: Stimulating the econo…
Before the crisis 2007... The US housing…
:Loans packaged up into financial securities, as a result of…
When the bubble burst ?
:George Soros sees bubbles as consisting of two components... :…
32 terms
Personal Finance Pay Yourself First, setting financial goals, Bank on it
What is Compound Interest?
Rule of 72
What is a product generally insured by…
An account in which you can save money…
The money you earn on previously paid interest and the the mo…
the number of years it will take you to double your savings
stocks
money market account
What is Compound Interest?
The money you earn on previously paid interest and the the mo…
Rule of 72
the number of years it will take you to double your savings
28 terms
M. Finance - Chapter 2: Reviewing Financial Statements (LG2-5) "Demonstrate how to use a firm's financial statements to calculate its cash flow."
cash flows from operations
cash flows from investing activities
cash flows from financing activities
net change in cash and marketable secu…
cash flows that are the direct result of the production and s…
cash flows associated with the purchase or sale of fixed or o…
cash flows that result from debt and equity financing transac…
the sum of the cash flows from operations, investing activiti…
cash flows from operations
cash flows that are the direct result of the production and s…
cash flows from investing activities
cash flows associated with the purchase or sale of fixed or o…
14 terms
Activity 2A - Financial Elements of Accounting - Q1 - Classify the following accounts for Soo Youn's Clothing Boutique by selecting whether it represents an Asset, Liability, Income, Expense or Equity.
Bank
Inventory (Stock in a shop)
Rent (received from someone)
Vehicle (used in a business)
Asset
Asset
Income
Asset
Bank
Asset
Inventory (Stock in a shop)
Asset
Auditing- Chapter 13 Obj 1: Use 5 types of audit tests to determine whether financial statements are fairly stated/ Obj 2: select the appropriate types of audit tests/ Obj 3: evidence mix and how it should be used in different circumstances
procedures to obtain an understanding…
tests of controls
tests of controls may include the foll…
walkthrough
focus on both the design and implementation of internal contr…
the auditor performs these to obtain sufficient and appropria…
1) make inquiries of appropriate client personnel... 2) examine…
normally applied to one or a few transactions and follows tha…
procedures to obtain an understanding…
focus on both the design and implementation of internal contr…
tests of controls
the auditor performs these to obtain sufficient and appropria…
13 terms
Financial Literacy
Income
Budget
Interest
Loan
The money earned from working or other areas.
A plan to decide how much money will be spent and how you wil…
A percentage charged for borrowing money.
An amount of money that is borrowed for a period of time.
Income
The money earned from working or other areas.
Budget
A plan to decide how much money will be spent and how you wil…
71 terms
Financial Literacy Module 2 Consumer Financial Services
asset
automated clearing house - ACH
automated teller machine - ATM
balance sheet
items of value that your own including money
a financial transaction that electronically moves funds from…
a computer terminal that gives bank customers electronic acce…
a statement of what you own and what you owe
asset
items of value that your own including money
automated clearing house - ACH
a financial transaction that electronically moves funds from…
8 terms
Financial Literacy
Credit
Debt
Creditor
Debtor
Promising to pay back money to pay for something
Money you owe for things you bought for on credit
Lender - the person or company that lent you money
Borrower - the person using the money (you) Person that needs…
Credit
Promising to pay back money to pay for something
Debt
Money you owe for things you bought for on credit
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…
10 terms
Financial Literacy
barter
income
expense
interest
an exchange of goods or services
money received for work or investment
money spent on something
amount paid for the use of someone else's money or assets
barter
an exchange of goods or services
income
money received for work or investment
17 terms
Financial Planning
Revenue
Expenses
Budget
Start-up Budget
all income that a business receives over a period of time
costs of operating a business
detailed plans for the financial needs of a business
plans income and expenses from the beginning of a new busines…
Revenue
all income that a business receives over a period of time
Expenses
costs of operating a business
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…
12 terms
Financial Literacy
budget
cost benefit analysis
savings account
checking account
A detailed estimate of income and expenses over a period of t…
Way of thinking about a choice that compares the cost of an a…
A bank account used to save money
A bank account that allows a customer to deposit and withdraw…
budget
A detailed estimate of income and expenses over a period of t…
cost benefit analysis
Way of thinking about a choice that compares the cost of an a…
28 terms
Financial Literacy
abilities
availability
benefits
borrower
a person's talents or skills
number of products ready for purchase
retirement, health insurance, sick pay, and vacation
a person who takes money with the promise of paying it back
abilities
a person's talents or skills
availability
number of products ready for purchase
49 terms
Financial Literacy (AR) 1.0
1040 EZ Form
Asset
Barter
Budget
income tax return for single and joint filers with no depende…
Anything of value that is owned
(n.) an exchange in trade; (v.) to exchange goods
A plan for making and spending money
1040 EZ Form
income tax return for single and joint filers with no depende…
Asset
Anything of value that is owned
15 terms
Financial Literacy
Check
Credit Card
Debit Card
Electronic Payment
a written document telling the financial institution to pay a…
a card that can be used to borrow money from financial instit…
a card that is linked to your checking account so that a pers…
payments using security features on the Internet
Check
a written document telling the financial institution to pay a…
Credit Card
a card that can be used to borrow money from financial instit…
92 terms
Financial Accounting Chapter 7
Accelerated depreciation method
Accumulated depreciation
Activity-based method
Addition
Allocates a higher depreciation in the earlier years of the a…
A contra asset account representing the total depreciation ta…
Allocates an asset's cost based on its use
Occurs when a new major component is added to an existing asset
Accelerated depreciation method
Allocates a higher depreciation in the earlier years of the a…
Accumulated depreciation
A contra asset account representing the total depreciation ta…
75 terms
Financial Accounting Chapter 5
Accounts Receivables
Aging method
Allowance for uncollectible accounts
Allowance method
The amount of cash owed to the company by it's customers from…
Using a higher percentage for "old" accounts than for "new" a…
Contra asset account representing the amount of accounts rece…
Recording an adjustment at the end of each period to allow fo…
Accounts Receivables
The amount of cash owed to the company by it's customers from…
Aging method
Using a higher percentage for "old" accounts than for "new" a…
34 terms
Financial Literacy (AR) 2.0
Depository or Financial Institutions
Savings Account
Checking Account
ATM - Automated Teller Machine
businesses that provide financial services
a place where you put or deposit your money so that it will b…
a place where you put or deposit your money when you will nee…
a machine that lets you withdraw, or take money from your che…
Depository or Financial Institutions
businesses that provide financial services
Savings Account
a place where you put or deposit your money so that it will b…
83 terms
Financial Accounting Chapter 8
Acid-test ratio
Commercial paper
Contingencies
Contingent gain
Cash, current investments, and accounts receivable divided by…
Borrowing from another company rather than from a bank
Uncertain situations that can result in a gain or a loss for…
An existing uncertain situation that might result in a gain
Acid-test ratio
Cash, current investments, and accounts receivable divided by…
Commercial paper
Borrowing from another company rather than from a bank
18 terms
Financial Literacy Vocabulary Lesson 1
ATM (Automated Teller Machine)
balance
bank
board of directors
A machine that allows customers to deposit or withdrawal mone…
the current amount of money in an account
a business that offers money-related services to its customer…
a group of people chosen to mange a business or organization
ATM (Automated Teller Machine)
A machine that allows customers to deposit or withdrawal mone…
balance
the current amount of money in an account
34 terms
Financial Literacy (AR) 2.0
Depository or Financial Institutions
Savings Account
Checking Account
ATM - Automated Teller Machine
businesses that provide financial services
a place where you put or deposit your money so that it will b…
a place where you put or deposit your money when you will nee…
a machine that lets you withdraw, or take money from your che…
Depository or Financial Institutions
businesses that provide financial services
Savings Account
a place where you put or deposit your money so that it will b…
43 terms
Financial Literacy
credit
lender
interest
borrower
an amount of money that a lender or business allows a person…
a person or business that loans money
money paid by a borrower in exchange for using a lender's mon…
someone who is borrowing money with a plan to pay it back
credit
an amount of money that a lender or business allows a person…
lender
a person or business that loans money
9 terms
BANKING review for W!SE Financial Literacy Test
Bounced check
Cashier's Check
credit union
Commercial Bank
a check written for an amount more than in your account
A check issued by a bank and sold to you for personal payment…
A nonprofit financial institution that is owned by its member…
a for-profit institution that offers a full range of financia…
Bounced check
a check written for an amount more than in your account
Cashier's Check
A check issued by a bank and sold to you for personal payment…
39 terms
Unit 4 - Credit/Cost of Money - Financial Management
Credit
Principal
Interest
Car loan
The ability to borrow money with the promise to pay back, usu…
The original amount of money borrowed. Interest is calculated…
The charge for the privilege of borrowing money, typically ex…
A personal loan to purchase an automobile
Credit
The ability to borrow money with the promise to pay back, usu…
Principal
The original amount of money borrowed. Interest is calculated…
17 terms
Financial Algebra - Chapter 3
check
EFT
payee
drawer
a written order telling a bank to pay money from an account t…
electronic funds transfer from one bank to another
the receiver of funds from a check or EFT
the account owner of the check that was written
check
a written order telling a bank to pay money from an account t…
EFT
electronic funds transfer from one bank to another
10 terms
Unit 3 Financial Accounting
Accrual Basis Accounting
Cash Basis Accounting
Expense Matching Principle
Expenses
Records revenues when earned and expenses when incurred, rega…
Records revenues when cash is received and expenses when cash…
Requires that expenses be recorded when incurred in earning r…
Decreases in assets or increases in liabilities from ongoing…
Accrual Basis Accounting
Records revenues when earned and expenses when incurred, rega…
Cash Basis Accounting
Records revenues when cash is received and expenses when cash…
40 terms
Financial Accounting
Financial Accounting
Cost Accounting
Managerial Accounting
Tax Accounting
Recording, Classifying, and summarizing transactions, deals w…
Determines cost by department, product, function, service
*Provide information to enhance controls... *Basis for managemen…
Preparation and filing of taxes ... -Federal, state, and local…
Financial Accounting
Recording, Classifying, and summarizing transactions, deals w…
Cost Accounting
Determines cost by department, product, function, service
10 terms
Chapter 10 Valuation of financial assets
Required rate of returns
Bond valuation
Stock valuation
Business risk
The minimum rate of return required by an investor, a stipula…
Bond valuation is a technique for determining the fair value…
Based on the present value of future cash flows
The inability of the firm to hold its competitive position an…
Required rate of returns
The minimum rate of return required by an investor, a stipula…
Bond valuation
Bond valuation is a technique for determining the fair value…
45 terms
Personal Financial Literacy Chapter 5
Associate's Degree
FAFSA
Good Debt
Grant
An undergraduate academic degree awarded by colleges upon com…
a form that is completed annually by current and prospective…
a money myth that portrays student loans as the only financia…
A form of federal or state financial aid that does not need t…
Associate's Degree
An undergraduate academic degree awarded by colleges upon com…
FAFSA
a form that is completed annually by current and prospective…
22 terms
Financial Algebra - Chapter 2
data
univariate data
bivariate data
scatterplot
any set of numbers
a single list of data
data set that shows a relationship between a pair of data sets
a graph that shows bivariate data using points on a graph
data
any set of numbers
univariate data
a single list of data
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