Financial Statements & Accounting
9 terms
Capital Expenditure
Spending on acquiring or improving long-lived assets, recorded on the balance sheet and expensed over time through depreciation.
Financial Statements & AccountingCapital Work in Progress
Expenditure on assets still under construction, held on the balance sheet until the asset is ready for use.
Financial Statements & AccountingCash and Cash Equivalents
Cash on hand, bank balances and short-term highly liquid investments readily convertible to a known amount of cash.
Financial Statements & AccountingCash Flow Statement
A statement reconciling the change in a company's cash balance over a period, split into operating, investing and financing activities.
Financial Statements & AccountingConsolidated Financial Statements
Accounts that combine the parent company and all its subsidiaries as if they were a single economic entity.
Financial Statements & AccountingContingent Liability
A possible obligation whose existence depends on an uncertain future event, disclosed in the notes rather than recognised on the balance…
Financial Statements & AccountingCost of Goods Sold
The direct cost of producing the goods or services actually sold during a period, principally materials and direct labour.
Financial Statements & AccountingCurrent Assets
Assets expected to be converted to cash, sold or consumed within twelve months or one operating cycle.
Financial Statements & AccountingCurrent Liabilities
Obligations a company must settle within twelve months, including trade payables, short-term borrowings and accrued expenses.