CH 16 & 17: Basic Financial Accounting & Financial Management

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Across
  1. 2. The ____ of sales refers to those costs paid in the direct generation of revenue.
  2. 4. Receivable ________ ratio = annual sales/total outstanding receivable
  3. 7. To help reduce overhead sometimes you can _____ equipment as opposed to leasing/renting it.
  4. 9. _____ratio = total debt/total assets
  5. 10. _____test = current assets - inventory/current liabilities
  6. 11. The _______ report consists primarily of financial or other numerical information.
  7. 15. These are claims by outsiders against the total assets of the firm as a result of past transactions or events.
  8. 16. This is a group of accounts and is often used when bookkeeping is recorded manually.
  9. 19. These are subtracted from revenue to get the Net Income.
  10. 23. Patents and copyrights are _______.
  11. 26. P&L stands for profit & ____.
  12. 27. Total assets = Liabilities + Owner's ______.
Down
  1. 1. Another word for Net Income.
  2. 3. This type of accounting is concerned with the analysis and reporting of all financial aspects of a firm.
  3. 5. This type of analysis is used for a manager to look at financial and numerical data in relation to the differences between planned and actual budgeted amounts
  4. 6. This type of cash is currency used to purchase small or minor items: parking, tolls, etc.
  5. 8. This results from the concept that capital equipment has limited useful life.
  6. 12. ROI, what does "I" stand for?
  7. 13. The cost of the time spent for management and support staff is sometimes referred to as this.
  8. 14. Work under way for clients that have not yet been billed.
  9. 17. This is a commonly used online accounting software.
  10. 18. A chart of _______ is a list of all the accounts that a firm is using.
  11. 20. An outflow of resources to enable the earning of more revenue.
  12. 21. Working ______ = current assets - current liabilities
  13. 22. A firm might ______ part of their studio to another company to make up overhead expenses.
  14. 23. With this accounting method, revenue and expenses are recognized at the time they are earned or incurred.
  15. 24. Accrual accounting method requires the use of _____-entry accounting, making it somewhat more difficult.
  16. 25. ROA, what does "A" stand for?