Basic Accounting Principles and Financial Management Quiz

Assets expected to be sold, consumed, or converted into cash within a year.

A measure of the profitability of an investment relative to its cost.

Standard framework of guidelines for financial accounting.

Obligations due beyond one year from the balance sheet date.

Details a company's financial performance over a defined period.

Fundamental principle stating that a company's assets must equal its liabilities plus equity.

A snapshot of a company's financial condition, detailing assets, liabilities, and equity.

Systematic allocation of the cost of an asset over its useful life.

Indicator of a company's liquidity and ability to meet short-term obligations.

Tools to evaluate various aspects of a company's financial performance and health.

A measure of a company's operating performance without the impact of financing and tax decisions.

Use of debt to finance investments in order to magnify returns.

Breaks down return on equity into components to analyze factors driving profitability.

Percentage of revenue that translates into profit after all expenses are deducted.

Systematic allocation of the cost of intangible assets over their useful life.