FINMA 2
Cards (40)
- It is a tool for studying industry economics which sets forth the sequence or chain of activities involved in the creation, manufacture, and distribution of its products and services.
- The set of strategic choices confronting a particular firm varies across industries
- The following are the Tools of Profitability and Risk Analysis, except for?
- It refers to the threat that new competitors pose to current players within an industry.
- An understanding of the economics of the ________ in which a firm competes.
- What is the brand name of the coffee shop being exampled?
- An understanding of the information contained in the financial statements and _____ that report the results of a firm's operating, investing, and financing activities and an assessment of the quality of the financial statements.
- This analysis is for the firm that is attempting to create unique products or services for particular market.
- What are the building blocks for Financial Statement Analysis?
- It is a simple but powerful tool that is helpful in highlighting relations in a financial statement.
- Below are the tools for studying industry economics, except from?
- It refers to the direct rivalry among existing firms is often the first order of competition in an industry.
- The most successful firms create _________ advantages that are sustainable over a long period of time.
- An industry's ________ characteristics affect the flexibility that firms have in designing and executing those strategies to create sustainable competitive advantages.
- It is used to inform financial users about the sources and uses of cash
- Liabilities that are due after a period or a year.
- It is less than 50% of the outstanding shares and has no control over decisions.
- It is a type of contract wherein both the client and service provider still have obligations to each other and the transaction continues.
- It is the basis of all of the financial statements.
- What is the another important ratio which plays a central role?
- This is the future cash flow that is expected to be generated.
- How do you measure a firm’s value for its land for business?
- Fill in the blanks: Assets and Liabilities ______ Profit/Loss.
- Fill in the blanks: Income Statement & Balance Sheet are ______.
- What is the best example to describe ADJUSTED HISTORICAL COST?
- It specifies how and when a company or firm "recognize" or record their revenue.
- This is a method of "accounting" used in income recognition that involves recording of revenues when transaction occurs not when money or cash is received.
- Which of these approaches states that some economic value changes are recognized on the balance sheet and in comprehensive income before they are recognized in net income on the income statement?
- Which of these approaches states that economic value changes is recognized on the balance sheet and income statement "when they occur"?
- Which of these approaches states that economic value changes is recognized on the balance sheet and income statement "when realized"?
- Deferred tax assets means the business has a tax debt and underpaid taxes that will paid in future periods.
- Tax reporting focuses on fulfilling legal obligations to tax authorities accurately reporting taxable income and calculating taxes owed.
- In tax and financial reporting, permanent differences may reverse over time.
- Financial reporting aims to provide information to external stakeholders about the financial performance and position of the company.
- Taxable income is reported on the income tax return, while tax expense is reported on the income statement.
- The conceptual framework for financial reporting outlines a system of objectives and fundamentals to guide consistent, reliable financial reporting.
- Financial statements are designed solely for the use of a company's internal management team.
- The framework for financial reporting requires companies to use the same accounting methods for all financial statements.
- The conceptual framework emphasizes the importance of faithful representation, meaning financial statements should depict economic reality accurately.
- The framework for financial reporting requires companies to disclose all relevant information about their financial position and performance.