Study sets matching "term:financial ratios = calculations typically used to track a business's cash, efficiency, and profitability over time compared to other businesses in its industry"

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Study sets matching "term:financial ratios = calculations typically used to track a business's cash, efficiency, and profitability over time compared to other businesses in its industry"

73 terms
Unit 3 Business
Corporate Objectives
Functional Objectives
Functional strategy
Financial objectives
The overall goals of the entire organisation... For example:... -gr…
A goal that os pursued by particular functions within the bus…
A medium to long-term plan to achieve an objective
Will contain a specific numeral element and timescale.... -ROCE…
Corporate Objectives
The overall goals of the entire organisation... For example:... -gr…
Functional Objectives
A goal that os pursued by particular functions within the bus…
8. Financial Management
ACCOUNTING
FISCAL YEAR
BALANCE SHEET
ASSETS
a service activity, whose function is to provide quantitative…
a unit of time (a year) that businesses use to record their f…
a snapshot of an organization's financial condition at any po…
income-producing agents of the pharmacy; they are obtained or…
ACCOUNTING
a service activity, whose function is to provide quantitative…
FISCAL YEAR
a unit of time (a year) that businesses use to record their f…
Accounting for Decision Makers Topic 3 (Overview of Financial Analysis)
Which financial statement best describ…
When analyzing financial statements, d…
When analyzing financial statements, p…
Relationships between financial statem…
Financial statement analysis involves relationships and trends.
The identification of where a business has problems
The prediction of how a business will perform in the future
financial ratios
Which financial statement best describ…
Financial statement analysis involves relationships and trends.
When analyzing financial statements, d…
The identification of where a business has problems
MGT300 Chapter 16
control
standards
how we determine standards
feedback control
the process of establishing standards to achieve organization…
a basis of comparison for measuring the extent to which vario…
1. listen to customers ... 2. benchmark
a mechanism for gathering information about performance defic…
control
the process of establishing standards to achieve organization…
standards
a basis of comparison for measuring the extent to which vario…
28 terms
Unit 2 Accounting - 5. Evaluating Performance
Asset Turnover (ATO)... Sales/Av Total As…
Analysing
Benchmark
Cash Budget
an efficiency indicator that assesses how productively a busi…
examining the financial reports in detail to identify changes…
an acceptable standard against which the firm's actual perfor…
an accounting report that predicts future cash receipts and p…
Asset Turnover (ATO)... Sales/Av Total As…
an efficiency indicator that assesses how productively a busi…
Analysing
examining the financial reports in detail to identify changes…
257 terms
FARM BUSINESS MANAGEMENT FFA CONTEST
the person who rents from someone else…
in marketing, the difference between a…
cash income minus cash expense equal
lenders want to see a cash flow to det…
the tenant
the basis
net cash income and cash profit
how much money the borrower will need and when the borrower c…
the person who rents from someone else…
the tenant
in marketing, the difference between a…
the basis
29 terms
Unit 4 Accounting - 3. Evaluating Performance
Asset Turnover (ATO)... Sales/Av Total As…
Analysing
Benchmark
Cash Budget
an efficiency indicator that assesses how productively a busi…
examining the financial reports in detail to identify changes…
an acceptable standard against which the firm's actual perfor…
an accounting report that predicts future cash receipts and p…
Asset Turnover (ATO)... Sales/Av Total As…
an efficiency indicator that assesses how productively a busi…
Analysing
examining the financial reports in detail to identify changes…
11 terms
Management Vocab-Type Terms
Cash Flow Analysis
Balance Sheets
Income Statements
Financial Ratios
A type of analysis that predicts how changes in a business wi…
Accounting statements that provide a snapshot of a company's…
Accounting statements that show what has happened to an organ…
Calculations typically used to track a business's liquidity,…
Cash Flow Analysis
A type of analysis that predicts how changes in a business wi…
Balance Sheets
Accounting statements that provide a snapshot of a company's…
39 terms
ENT 3320 Chapter 8
Financial Management
Profitability
Liquidity
Accounts receivables
deals with two activities: raising money and managing a compa…
the ability to earn a profit
a company's ability to meet its short-term financial obligati…
Money owed to by customers
Financial Management
deals with two activities: raising money and managing a compa…
Profitability
the ability to earn a profit
Principles of business
Total receives less the total checks w…
Systems for keeping accounting records…
Most large businesses prefer to have o…
Outsourcing occurs when an outside fir…
True
True
False
True
Total receives less the total checks w…
True
Systems for keeping accounting records…
True
63 terms
Financial Sport Management
Balance Sheet
Assets
Liabilities
Owners equity
a picture or snapshot of the financial condition of an organi…
what a company owns, including items such as cash, inventory,…
the organizations financial obligations or debts owed to othe…
estimated measure of the ownership value of the company.
Balance Sheet
a picture or snapshot of the financial condition of an organi…
Assets
what a company owns, including items such as cash, inventory,…
23 terms
4.01-4.03 Flashcards
Start-up budget
Operating Budget
Cash Budget
balance sheet
is an itemized list of income and expenses for a new business
is a combination of known expenses, expected future costs, an…
is an estimation of the cash inflows and outflows for a busin…
a statement of the assets, liabilities, and capital of a busi…
Start-up budget
is an itemized list of income and expenses for a new business
Operating Budget
is a combination of known expenses, expected future costs, an…
Notes to Balance Sheet and Financial Analysis
How do most businesses order their ass…
What exceptions are their to the liqui…
What is a comparative Balance Sheet?
How many years are required in a compa…
Most businesses emphasize working capital position and liquid…
Generally properties, plants and equipment where most permane…
A balance sheet format where account balances are compared fr…
2 Years for the balance sheet, 3 Years for the income stateme…
How do most businesses order their ass…
Most businesses emphasize working capital position and liquid…
What exceptions are their to the liqui…
Generally properties, plants and equipment where most permane…
Chapter 16
balance sheets
balanced scorecard
benchmarking
beurocratic control
accounting statements that provide a snapshot of a company's…
measurement of organizations performance based of four areas:…
identifying outstanding practices, processes and standards in…
hierarchical authority to influence employee behavior by rewa…
balance sheets
accounting statements that provide a snapshot of a company's…
balanced scorecard
measurement of organizations performance based of four areas:…
70 terms
Accounting Ch 13
asset turnover ratio
available for sale securities
average collection period
cash debt coverage ratio
a measure of how efficiently a company uses its assets to gen…
securities that are held with the intent of selling them some…
the average number of days that receivables are outstanding;…
a cash-basis measure used to evaluate solvency, computed as c…
asset turnover ratio
a measure of how efficiently a company uses its assets to gen…
available for sale securities
securities that are held with the intent of selling them some…
37 terms
Entrepreneurship- Chapter 7,8,9
board of advisors
Workers compensation insurance
Bonding
Liability Insurance
A group formed at the discretion of the founders (regardless…
• Covers liability for workers injured on the job.... • Can be a…
• Covers damage done by employees.... • Either intentional or un…
• Covers lawsuits resulting from accidents.... • Product liabili…
board of advisors
A group formed at the discretion of the founders (regardless…
Workers compensation insurance
• Covers liability for workers injured on the job.... • Can be a…
26 terms
Chapter 16
Control
Standards
Benchmarking
Cybernetic
A regulatory process of establishing standards to achieve org…
A basis of comparison for measuring the extent to which vario…
The process of identifying outstanding practices, processes,…
The process of steering or keeping on course
Control
A regulatory process of establishing standards to achieve org…
Standards
A basis of comparison for measuring the extent to which vario…
33 terms
Exploring Business
3 Main Type of Businesses
Advantages of Sole Proprietorship
Disadvantages of Sole Propritorship
General Partnership
Sole Proprietorship, Partnership, Corp.
1. Ease of starting... 2.Being your own boss... 3.Pride of ownershi…
1. Unlimited Liability (risk of personal losses)... 2.Limited fi…
all owners share in operating the business and in assuming li…
3 Main Type of Businesses
Sole Proprietorship, Partnership, Corp.
Advantages of Sole Proprietorship
1. Ease of starting... 2.Being your own boss... 3.Pride of ownershi…
77 terms
mgt
Control
Standards
How do we determine Standards
Feedback Control
the process of establishing standards to achieve organization…
a basis of comparison for measuring the extent to which vario…
Listen to customers... Benchmark
a mechanism for gathering information about performance defic…
Control
the process of establishing standards to achieve organization…
Standards
a basis of comparison for measuring the extent to which vario…
accounting terms
The accounting Equation
Accrual Method
Asset Turnover Ratios
Average Cost Method
assets= liabilities + owner's equity (or assets - liabilities…
revenue is recorded as soon as services are provided or goods…
show how efficiently a company uses its assets
formula for calculating CoGS and ending inventory based upon…
The accounting Equation
assets= liabilities + owner's equity (or assets - liabilities…
Accrual Method
revenue is recorded as soon as services are provided or goods…
MGT 3111 Ch. 8
Financial management
Profitability
Liquidity
Accounts Receivable
The process of raising money and managing a company's finance…
The ability to earn a profit.
The ability to sell a business or other assets quickly at a p…
The money owed to a firm by its customers.
Financial management
The process of raising money and managing a company's finance…
Profitability
The ability to earn a profit.
19 terms
Chapter 16: Control
Bureaucratic Control
Objective control
Behavior Control
Output control
The use of hierarchy authority to influence employee behavior…
the use of obeservable measures of worker behavior or outputs…
The regulation of the behaviors and actions that workers perf…
The regulation of worker's results or outputs through reward…
Bureaucratic Control
The use of hierarchy authority to influence employee behavior…
Objective control
the use of obeservable measures of worker behavior or outputs…
31 terms
Finance Objectives: Exam 1
Identify the key financial decisions f…
How are many large firms organized in…
How are many small firms organized in…
Describe the typical organization of t…
The financial manager faces 3 basic decisions. ... 1. Capital bu…
C-corporations... Strength: Easy to raise money, capital. ... Disad…
Smaller companies tend to organize as sole proprietorships or…
In a large corporation, the financial manager generally has t…
Identify the key financial decisions f…
The financial manager faces 3 basic decisions. ... 1. Capital bu…
How are many large firms organized in…
C-corporations... Strength: Easy to raise money, capital. ... Disad…
35 terms
Financial Management-Test 1
Goal of Financial Accounting
Going Concern Principle
3 best known systems of account
Net income
presents the financial condition of the company and its opera…
assumes the operation will continue to operate into the force…
Uniform System of Accounts for the Lodging Industry, for Rest…
Last line of income statement
Goal of Financial Accounting
presents the financial condition of the company and its opera…
Going Concern Principle
assumes the operation will continue to operate into the force…
38 terms
Principles of Business & Finance - Objective 4.03
appreciation
bear market
bond
bull market
increase in value over time
A market condition in which the prices of securities are fall…
a certificate of debt (usually interest-bearing or discounted…
Occurs when investors are optimistic about the economy and bu…
appreciation
increase in value over time
bear market
A market condition in which the prices of securities are fall…
Management 340 Exam 2
nondisclosure agreement
non-compete agreement
sole proprietorship
partnership
binds an employee or another party to not disclose a company'…
prevents an individual from competing against a former employ…
a form of business organization involving one person, and the…
if two or more people start a business they must organize as…
nondisclosure agreement
binds an employee or another party to not disclose a company'…
non-compete agreement
prevents an individual from competing against a former employ…
chapter 16
control
standards
control process
benchmarking
a regulatory process of establishing standards to achieve org…
are a basis of comparison for measuring the extent to which o…
(1) clear standard of performance. (2) involves a comparison…
the process of determining how well other companies perform b…
control
a regulatory process of establishing standards to achieve org…
standards
are a basis of comparison for measuring the extent to which o…
Final Review Questions
Are internal stakeholders for a company.
Are external stakeholders for a company.
Toms is an example of what?
A bank lowers its interest rates.
Managers and Employers
Customers and Suppliers
Social Entrepreneurship
Monetary Policy
Are internal stakeholders for a company.
Managers and Employers
Are external stakeholders for a company.
Customers and Suppliers
29 terms
MGT 240: Chapter 16-Control
Control
Standards
Benchmarking
Cybernetic
regulatory process of establishing standards to achieve organ…
basis of comparison for measuring the extent to which organiz…
process of determining how well other companies perform busin…
process of steering or keeping on course
Control
regulatory process of establishing standards to achieve organ…
Standards
basis of comparison for measuring the extent to which organiz…
27 terms
management chapter 16
control
standards
benchmarketing
cybernetic
regulatory process of establishing standards to achieve goals…
basis of comparison for measuring the extent to which various…
process of identifying outstanding practices, process, and st…
process of steering or keeping on course
control
regulatory process of establishing standards to achieve goals…
standards
basis of comparison for measuring the extent to which various…
4.01-4.03 Exam Review
Start-up budget
Operating Budget
Cash Budget
balance sheet
is an itemized list of income and expenses for a new business.
is a combination of known expenses, expected future costs, an…
is an estimation of the cash inflows and outflows for a busin…
a statement of the assets, liabilities, and capital of a busi…
Start-up budget
is an itemized list of income and expenses for a new business.
Operating Budget
is a combination of known expenses, expected future costs, an…
Entrepreneurship
Sole Proprietorship
S Corporation
Limited Partnership
C Corporation
Easy to start and dissolve but has limited life and unlimited…
A relatively new type of corporation which may be taxed like…
A type of business that offers protection to investor/owners…
Limits liability of owners and allows the company to have unl…
Sole Proprietorship
Easy to start and dissolve but has limited life and unlimited…
S Corporation
A relatively new type of corporation which may be taxed like…
27 terms
Chapter 16: Control
Control
standards
benchmarking
cybernetic
a regulatory process of establishing standards to achieve org…
a basis of comparison for measuring the extent to which vario…
the process of identifying outstanding practices, processes,…
the process of steering or keeping on course
Control
a regulatory process of establishing standards to achieve org…
standards
a basis of comparison for measuring the extent to which vario…
23 terms
MAN 3025 Chapter 16 Dr. Batchelor
Control
standards
benchmarking
cybernetic
a regulatory process of establishing standards to achieve org…
a basis of comparison for measuring the extent to which vario…
the process of identifying outstanding practices, processes,…
the process of steering or keeping on course.
Control
a regulatory process of establishing standards to achieve org…
standards
a basis of comparison for measuring the extent to which vario…
261 terms
Entrepreneurship Final
Financial Management
Four Financial Objectives of Firm
Profitability
Liquidity
Deals with two activities:... -Raising money... -Managing a company…
-Profitability... -Liquidity... -Efficiency... -Stability
A company's ability to make a profit
A company's ability to meet short-term financial obligations
Financial Management
Deals with two activities:... -Raising money... -Managing a company…
Four Financial Objectives of Firm
-Profitability... -Liquidity... -Efficiency... -Stability
BUS 200 - Midterm 2
Financial Accounting
Management Accounting
Chief Financial Officer(CFO)
Audit
the area of accounting concerned with preparing financial inf…
the area of accounting concerned with preparing data for use…
responsible for record keeping and accounting for firm. Finan…
formal evaluation for the fairness and reliability of clients…
Financial Accounting
the area of accounting concerned with preparing financial inf…
Management Accounting
the area of accounting concerned with preparing data for use…
143 terms
International Finance & Banking
bank
sole proprietorship
partnership
corporations
any business offering deposits subject to withdrawal on deman…
businesses that are owned by one individual and usually opera…
consist of two or more persons in business to make a profit
separate legal entities from their owners, owners are called…
bank
any business offering deposits subject to withdrawal on deman…
sole proprietorship
businesses that are owned by one individual and usually opera…
36 terms
Financial Management vocab quiz 2
Financial Leverage
Debt Financing
Equity Financing
Trade Credit
the amount of debt that an entity uses to buy more assets
when a firm raises money for working capital or capital expen…
the method of raising capital by selling company stock to inv…
the credit extended to you by suppliers who let you buy now a…
Financial Leverage
the amount of debt that an entity uses to buy more assets
Debt Financing
when a firm raises money for working capital or capital expen…
Ch. 16 Control
control
standards
benchmarking
cybernetic
a regulatory process of establishing standards to achieve org…
a basis of comparison for measuring the extent to which vario…
process of identifying outstanding practices, process, and st…
process of steering or keeping on course
control
a regulatory process of establishing standards to achieve org…
standards
a basis of comparison for measuring the extent to which vario…
70 terms
Fundamentals of Finance Section 1
After Hours Trading
Agency-Owner Conflict
B Corp
Beta
The trading of securities after regular trading hours on the…
Conflict of interests between owners and employees.
For-profit, non-tax exempt entity that emphasizes social or e…
Measure of volatility (systematic risk) of a security or port…
After Hours Trading
The trading of securities after regular trading hours on the…
Agency-Owner Conflict
Conflict of interests between owners and employees.
104 terms
Test 1 Commercial rec and sport
Effective
Efficiently
Financial Objectives
Objectives
A management practice used to create an effect. ... - All plans…
All that you do is done with economy and optimal use of resou…
Must have clear and achievable financial objectives. ... - serve…
Must be measurable and achievable within a specific period of…
Effective
A management practice used to create an effect. ... - All plans…
Efficiently
All that you do is done with economy and optimal use of resou…
35 terms
Corporate Finance Chapter 7 and 9 Definitions
proxy fight
preemptive right
classified stock
founders' shares
if earnings are poor and stockholders are... dissatisfied, an ou…
the right granting to shareholders the first opportunity to b…
common stock that is given a special designation such as Clas…
Stock owned by the firm's founders that has sole voting right…
proxy fight
if earnings are poor and stockholders are... dissatisfied, an ou…
preemptive right
the right granting to shareholders the first opportunity to b…
Chapter 16 MGMT
Control
Standards
Benchmarking
Cybernetic
A regulatory process of establishing standards to achieve org…
A basis of comparison for measuring the extent to which vario…
The process of identifying outstanding practices, processes,…
The process of steering or keeping on course.
Control
A regulatory process of establishing standards to achieve org…
Standards
A basis of comparison for measuring the extent to which vario…
22 terms
PCC BA 203 Ch. 16
control
standards
benchmarking
cybernetic
the regulatory process of establishing standards to achieve o…
a basis of compromise for measuring the extent to which vario…
the process of identifying outstanding practices, processes,…
the process of steering or keeping on course
control
the regulatory process of establishing standards to achieve o…
standards
a basis of compromise for measuring the extent to which vario…
Chapter 16 MGMT
control
standards
benchmarking
cybernetic
a regulatory process of establishing standards to achieve org…
a basis of comparison for measuring the extent to which vario…
the process of identifying outstanding practices, processes,…
the process of steering or keeping on course
control
a regulatory process of establishing standards to achieve org…
standards
a basis of comparison for measuring the extent to which vario…
81 terms
MGMT 340 Exam 2
Founders Agreement
Buyback clause
Limited Partnership
A Corporation is a
is a written document that deals with issues such as the rela…
legally obligates a departing owner to sell back his shares
A partnership with one or more general partners and one or mo…
separate legal entity under authorization of the state
Founders Agreement
is a written document that deals with issues such as the rela…
Buyback clause
legally obligates a departing owner to sell back his shares
Chapter 16-MGMT
Control
When is control achieved?
Standards
Benchmarking
Regulatory process of establishing standards to achieve organ…
When behavior and work procedures conform to standards and wh…
Basis of comparison for measuring the extent to which organiz…
The process of identifying outstanding practices, processes,…
Control
Regulatory process of establishing standards to achieve organ…
When is control achieved?
When behavior and work procedures conform to standards and wh…
27 terms
Chapter 16 MGMT
Control
Standards
Benchmarking
Cybernetic
A regulatory process of establishing standards to achieve org…
A basis of comparison for measuring the extent to which vario…
The process of identifying outstanding practices, processes,…
The process of steering or keeping on course
Control
A regulatory process of establishing standards to achieve org…
Standards
A basis of comparison for measuring the extent to which vario…
Chapter 16
Control
Standards
Benchmarking
Cybernetic
a regulatory process of establishing standards to achieve org…
basis of comparison for measuring the extent to which various…
process of identifying outstanding practices, processes, and…
process of steering or keeping on course
Control
a regulatory process of establishing standards to achieve org…
Standards
basis of comparison for measuring the extent to which various…
FIN Exam Practice Questions
A lender reads financial statements to…
Vertical analysis is most often used t…
Liquidity ratios are used to gauge the…
Food inventory is an example of solven…
F
T
F
F
A lender reads financial statements to…
F
Vertical analysis is most often used t…
T
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