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Selasa, 09 Oktober 2012

Task 3 (explain what they are)

  • management account : concerned with the provisions and use of accounting information to manage organizations, to provide them with the basis to make informed business decisions that will allow them to be better their management and control functions.
  • investment : putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time.
  • statement of shareholders' equity : details the changes within the equity section of the balance sheet over a designated period of time. the beginning balance in each element of equity stated across the top, additions to and subtractions from the beginning balances in the middle of the report, and ending balances at the bottom.
  • notes : in accounting are notes payable, notes receivable, notes to financial statements.
  • statement of financial position : also referred to as a balance sheet, reports on a company's assets, liabilities, and ownership equity at a given point in time.
  • discounted of cash flow : in finance, discounted cash flow, analysis is a method of valuing a project, company, or asset using the concepts of the time value of money. 
  • balance sheet : standard company balance sheet has three parts: assets, liabilities and ownership equity. the main categories of assets are usually listed first, and typically in order of liquidity.
  • statement of cash flows : is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities.
  • statement of earnings : the statements explain the changes in a company's retained earnings over the reporting period. they break down changes in the owners' interest in the organization, and in the application of retained profit or surplus from one accounting period to the next.

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