Using Financial Data to Measure and Assess Performance

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Formally records, summarises, and reports the transactions of a business
Financial accounting
1 of 13
Measures the business' financial performance over a year
Income statement
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A snapshot of the business' assets
Balance sheet
3 of 13
Shows how the business has generated and disposed of funds over a year
Cash flow statement
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Stakeholders interested in risk and return
Investors
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Banks/other financial institutions who give money to a business
Lenders
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Property, Plant, and Equipment
Noncurrent assets
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An estimate of the fall in value of a fixed asset over time
Depreciation
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Cash or cash-equivalents
current assets
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Stock - the least liquid current asset
Inventories
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Cash raised by sale of shares
Share capital
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Total net profit of a company since it was formed that have been kept
Retained profit
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Current assets - current liabilities
Working Capital
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Other cards in this set

Card 2

Front

Measures the business' financial performance over a year

Back

Income statement

Card 3

Front

A snapshot of the business' assets

Back

Preview of the front of card 3

Card 4

Front

Shows how the business has generated and disposed of funds over a year

Back

Preview of the front of card 4

Card 5

Front

Stakeholders interested in risk and return

Back

Preview of the front of card 5
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