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Acca: F3 - Financial Accounting > Interpretation > Flashcards

Interpretation Flashcards

1
Q

Interpretation means

A

The analysis and interpretation of financial statements enables directors and management to make key decisions regarding the running of the business (LSBF)

LSBF. ACCA F3 Study Manual 2017/18. London School of Business and Finance, 20170501. VitalBook file.

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2
Q

Ratio…

A

ratio enables two distinct values to be compared based upon their relative values. (LSBF)

LSBF. ACCA F3 Study Manual 2017/18. London School of Business and Finance, 20170501. VitalBook file.

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3
Q

Profitability ratios include:

A 
Gross profit 
Operating profit
Net profit margin
Asset turnover
ROCE
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4
Q

Liquidity ratios

A

Current ratio

Quick ratio

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5
Q

Efficiency ratio

A

Receivable day
Inventory day
Payables day

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6
Q

Financial position ratios

A

Gearing

Interest cover

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Acca: F3 - Financial Accounting (15 decks)

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