2024 WALL STREET PREP
QUESTIONS AND
ANSWERS
Assets - ✔✔✔✔resources a company uses
to operate its business
includes cash, A/R, PP&E
Liabilities - ✔✔✔✔represents the
company's contractual obligations and
includes A/P, debt, accrued expenses
Shareholder's equity - ✔✔✔✔is the residual
the value of the business available to the
owners (shareholders) after debts have
been paid off
Income statement - ✔✔✔✔illustrates the
profitability of the company over a specified
period of time
broad sense: shows revenue-expenses
Balance sheet - ✔✔✔✔snapshot of the
company economic resources and funding
for those resources at a given point in time
(A = L + SE)
Revenue - ✔✔✔✔"top-line"
represents the sale of goods and services
it is recorded when earned (even though
cash might not have been received at the
time of transaction)
Expenses - ✔✔✔✔netted against revenue
to arrive at net income
COGS (directly associate with good
production), SG&A (indirectly associated
with production), interest expense (expense
related to paying debt holders periodic
payments), taxes, depreciation expense
(non-cash expense accounting for the use
of PP&E, often imbedded within COGS and
SG&A)
Net income - ✔✔✔✔"bottom-line"
revenue-expenses
the profitability available to common
shareholder's after debt payments have
been made (interest expense)
EPS (earnings per share) - ✔✔✔✔portion
of a company's profit allocated to each
outstanding share of common stock
EPS = (net income - dividends on preferred
stock)/weighted average shares
outstanding
Cash flow statement - ✔✔✔✔While cash is
not necessarily received when a sale
occurs, the income statement still records
the sale. As a result, the income statement
captures all the economic transactions of
the business.
The cash flow statement is needed
because the income statement uses what is
called accrual accounting. In accrual
accounting, revenues are recorded when
earned regardless of when cash is received
(revenue includes sales using cash and
made on credit A/R)
Download alle 34 pagina's voor € 29,35
Document in winkelwagenati comprehensive comprehensive predictor computer science fundamentals health care health care / nursing health care/ nursing healthcare hesi hesi rn exit maternal newborn med surg medical nursing medical surgical mental health nurs nursing nursing & health nutrition pathophysiology pediatrics pharmacology test bank tncc
Ik ben altijd erg blij met de samenvattingen van Knoowy.
Het is de moeite om hier samenvattingen te kopen als je zelf onvoldoende tijd hebt ervoor.
Bij Knoowy vind ik notities van vakken die mij helpen bij het leren.
Werkt prima, gelijk downloaden en geen ingewikkelde procedures. Heel fijn!
Je spaart enorm veel tijd uit door gebruik te maken van deze samenvattingen!
Soms koop ik meerdere samenvattingen over 1 boek. Dit helpt mij als ik onvoldoende tijd heb om het hele boek te lezen en zelf geen samenvatting kan maken.
Een handige site voor het aankopen van samenvattingen voor examens.
Prima samenvattingen van veel verschillende vakken die je goed kunt gebruiken.