Accounting Fundamentals Flashcards
1
Q
Balance Sheet ASSETS
A
ASSETS Cash & Equivalents Short Term Investments =Cash and Short Term Investments Total Receivables, Net Total Inventory Other Current Assets, Total =Total Current Assets Prop/Plant/Equipment Gross Accumulated Depreciation Prop/Plant/Equipment Net Goodwill, Net Intangibles, Net Long Term Investments Other Long Term Assets =Total Assets
2
Q
Income Statement
A
REVENUE AND GROSS PROFIT Total Revenue OPERATING EXPENSES COGS Expenses GROSS PROFIT SG&A Expenses Research & Development Unusual Expense (Income) Total Operating Expense =Operating Income NON-OPERATING INCOME & EXPENSES Interest Expense Income Before Tax INCOME TAXES Income Tax - Total =Income After Tax Total Extraordinary Items =Net Income EPS RECONCILIATION Basic/Primary Weighted Average Shares
Basic Normalized EPS
3
Q
Cash Flow Statement
A
CASH FROM (USED BY) OPERATING ACTIVITIES Net Income Plus: Depreciation/Depletion Accounts Receivable Inventories Accounts Payable Changes in Working Capital =Total Cash from Operations PLUS: CASH FROM (USED BY) INVESTING ACTIVITIES Capital Expenditures Acquisition of Business Sale/Maturity of Investment Purchase of Investments =Total Cash from Investing PLUS: CASH FROM (USED BY) FINANCING ACTIVITIES Total Cash Dividends Paid Issuance (Retirement) of Stock, Net Issuance (Retirement) of Debt, Net =Total Cash from Financing EQUALS: INCREASE (DECREASE) IN CASH Foreign Exchange Effects Net Change in Cash Net Cash - Beginning Balance / Reserved for Future Use Net Cash - Ending Balance / Reserved for Future Use
4
Q
Amortization
A
A non-cash expense that reduces the value of definite life intangible assets.
5
Q
Net Working Capital (NWC)
A
Typically defined as non-cash current assets less non-interest-bearing current liabilities. It serves as a measure of how much cash a company needs to fund its operations on an ongoing basis.
6
Q
Balance Sheet LIABILITIES
A
LIABILITIES Total Current Liabilities Long Term Debt Capital Lease Obligations =Total Long Term Debt Deferred Income Tax Other Liabilities, Total =Total Liabilities
7
Q
Balance Sheet SHAREHOLDER EQUITY
A
SHAREHOLDER EQUITY Common Stock Additional Paid-In Capital Retained Earnings (Accumulated Deficit) Unrealized Gain (Loss) =Total Equity =Total Liabilities & Shareholders Equity =Total Common Shares Outstanding
