Flashcards
Financial Planning
Cards in this deck (18)
- 1what is a capital budgeting?planning process for expenditure of large sums of long term assets
- 2What is the operating budget?detailed projection of estimated income and expenses based on forecasted revenue during a period
- 3what are the components of an operating budget?projected profit and loss statement, supporting cash flow statement and balance sheet
- 4what is DepreciationTo lower the price or estimated value of , particularly of a long term asset that has diminishing value over time
- 5what is Net Present Value?the difference btw the present value of all cash IN- flows and the present value of all cash OUT-flow, used to determine whether a project is acceptable investment
- 6what is Net Present Value?the difference btw the present value of all cash IN- flows and the present value of all cash OUT-flow, used to determine whether a project is acceptable investment
- 7what is difference btw financial and managerial accounting?managerial concerned with info for managers, financial is concerned with information for stockholders or outside organization
- 8What is included in Managerial accounting?accounting information (budgets, contolling reports, tools for organizing and directing , and decision making
- 9what are managerial accounting principles?focuses on data for managers, more emphasis on future, more on non-monetary data, segments rather than whole organization, not governed by generally accepted accounting principles
- 10list tools of managerial accounting?fixed/varaible costs
Profit/loss statements
Operating Margine
CostvsVolumevsProfit analysis - 11what is a statistical Budget?Budgeting for "what -if" scenarios
- 12what is revenue budget?Revenue receipts of government and the expenditure met from these revenues
- 13what is a cash budget?a prediction of future cash receipts and expenditures for a time period
- 14What is Net Present Value?Value of sum of future cash flows in today's dollars
- 15what is the highest cost for Hospitals?Salaries, wages, benefits
- 16what is a time value analysis?The difference btw the future value of a lump sun and the current value of a lump sun
- 17what is a balance sheet consists of?Assets = Liabilities + Equity
- 18what does an income statement consist of?Operating earnings = Gross Profit – (Operating Expenses + Depreciation)
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- Board Exam LeadingManageChange (Financial/Strategy) Flashcards on Financial Planning, created by Michael Riben on 09/10/2013.
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- Michael Riben
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