Processes of Financial Management (HSC SSCE Business Studies): Flashcards

Process of monitoring & controlling financial performance

Generally Accepted Accounting Practice

International Financial Reporting Standards

Ability to meet short-term financial obligations

Current Assets ÷ Current Liabilities

Extent business financed by debt vs equity

Total Liabilities ÷ Total Equity

% of sales remaining after deducting cost of sales

% of sales becoming net profit after all expenses

Liquidity, gearing, profitability, efficiency