Financial Statements & Accounting Financial Terms & Definitions

29 terms in this topic

Financial statements and accounting is a core topic in finance that involves preparing and analyzing records of a company’s economic activities. It includes key reports such as the balance sheet, income statement, and cash flow statement, which are governed by accounting standards like GAAP or IFRS.

#

10-K

The 10-K is an annual report that publicly traded companies must file with the U.S. Securities and Exchange Commission (SEC).…

Full Definition
#

10-Q

The 10-Q is a detailed financial report that publicly traded companies in the United States must file with the Securities…

Full Definition
A

Amortization

Amortization is an accounting and finance concept that refers to the process of spreading out the cost of an intangible…

Full Definition
A

Assets

Assets are economic resources that a business or individual owns or controls, expected to produce future benefits. In accounting, assets…

Full Definition
C

Cash accounting

Cash accounting is a straightforward method of recording financial transactions in which revenues and expenses are recognized only when cash…

Full Definition
10-K The 10-K is an annual report that publicly traded companies must file with the U.S. Securities and Exchange… 10-Q The 10-Q is a detailed financial report that publicly traded companies in the United States must file with… Accounting equation The accounting equation is the fundamental principle of double-entry bookkeeping and the foundation of the balance sheet. It… Accounts receivable Accounts receivable (AR) is the money owed to a business by its customers for goods or services that… Accrual accounting Accrual accounting is a fundamental method of financial reporting where revenue and expenses are recorded when they are… Amortization Amortization is an accounting and finance concept that refers to the process of spreading out the cost of… Asset turnover Asset turnover is a financial ratio that measures how efficiently a company uses its assets to generate sales… Assets Assets are economic resources that a business or individual owns or controls, expected to produce future benefits. In… Balance sheet A balance sheet is one of the three core financial statements used by companies, alongside the income statement… Cash accounting Cash accounting is a straightforward method of recording financial transactions in which revenues and expenses are recognized only… Cash conversion cycle The Cash Conversion Cycle (CCC) is a key financial metric that measures the time it takes for a… Cash flow statement A cash flow statement is one of the three core financial statements used to evaluate a company’s financial…