ACC 151: Final 13 – Flashcards

External users of financial information:

The ability to meet short-term obligations and to efficiently generate revenues is called:

The ability to generate future revenues and meet long-term obligations is referred to as:

The ability to provide financial rewards sufficient to attract and retain financing is called:

The ability to generate positive market expectations is called:

Intracompany standards for financial statement analysis:

The comparison of a company's financial condition and performance across time is known as:

The measurement of key relations among financial statement items is known as:

Financial statements with data for two or more successive accounting periods placed in columns side by side, sometimes with changes shown in dollar amounts and percents, are referred to as:

Comparative financial statements in which each amount is expressed as a percentage of a base amount and in which the base amount is expressed as 100%, are called:

Current assets divided by current liabilities is equal to the:

The average number of times a company's inventory is sold during an accounting period, calculated by dividing cost of goods sold by the average inventory balance is equal to the: