IB U3.4 / Chapter 16 - Final Accounts

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Across
  1. 1. Profit made after corporation tax has been deducted.
  2. 3. the direct cost of production (such as the cost of raw materials, component parts, and direct labor) during the financial year.
  3. 10. Equal to sales revenue minus cost of sales
  4. 12. Section of the P&L account that shows the value of a firm’s profit (or loss) before deducting interest payments on loans and taxes on corporate profits.
  5. 16. The value of all assets that could reasonably be expected to be converted into cash within one year.
  6. 19. refers to the value of a firm’s earnings after all costs are paid (including interest and tax) and shareholders have been compensated (dividends).
  7. 21. The published accounts of an organization, made available to use by different stakeholders, showing the movement of the organization’s cash received from the sale of goods and services and cash used to pay for the costs of running the business.
  8. 23. Non-physical fixed assets that are valuable to a firm’s survival and success, such as brand value, goodwill, copyrights, trademarks, and patents.
  9. 24. the total value of capital invested in the business by shareholders either in the form of share capital or retained profits.
  10. 25. Accounts of businesses created by and used for internal and confidential purposes.
Down
  1. 1. shows a firm’s net profit (or loss) after all production costs have been subtracted from the organization’s revenues, each year.
  2. 2. The published accounts of businesses available to and used by different stakeholders.
  3. 4. Arises when a business is valued at or sold for more than the balance sheet value of its assets
  4. 5. Presenting the accounts of a business in the best possible, or most flattering way which could potentially mislead users of accounts.
  5. 6. The share of the profits paid to shareholders as a return for investing in the company
  6. 7. The financial obligations / debts of a business that it is required to repay in the future.
  7. 8. Customers who have bought products on credit and will pay cash at an agreed date in the future.
  8. 9. The amount of profit per period (after interest, tax and dividends have been paid) that has been reinvested back into the business for its own use.
  9. 11. set of final accounts shows the value of a firm’s assets, liabilities, and the owners’ investment (or equity) in the business, at a particular point in time.
  10. 13. Capital The value of equity in a business that is funded by its shareholders, either through an initial public offering (IPO) or via a share issue.
  11. 14. The estimated total value of a company if it were taken over.
  12. 15. Suppliers to a business who have not yet been paid.
  13. 17. The possessions owned by a business, which have a monetary value, e.g., buildings, land, machinery, equipment, inventories, and cash.
  14. 18. Debts of the business that will usually have to be paid within one year.
  15. 20. the total value of assets less total value of liabilities.
  16. 22. a firm's fixed, intangible assets with a monetary value, comprising of goodwill, patents, copyrights and trademarks.