Exam 1 Flashcards
1
Q
What are the sub-specalties of Finance?
A
Corporate Finance, Investments, Institutions
2
Q
Set of rules governing peops
A
FAASB, GAAP, IAS
3
Q
Accrual accounting is what?
A
Matching revenue with expenses
4
Q
What is liquidity?
A
Speed to cash without losing significant value
5
Q
What are the non-interest bearing debt?
A
Accounts Payable, Accruals
6
Q
C-corp Tax.
A
double tax for corporation and shareholders
7
Q
What is DFN or GFN?
A
Discretionary financing needed and gross financing needed
8
Q
What is the simplifying assumption in LTA forecasting?
A
It increases at a constant rate
9
Q
Comparison methods
A
Cross sectional, trend analysis, progress & goals,
