Monitoring and Controlling (HSC SSCE Business Studies): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Cash flow statement tracks
Cash flow statement tracks
Cash receipts & payments over a period
OIF framework stands for
OIF framework stands for
Operating, Investing, Financing activities
% of small business failures due to poor cash flow
% of small business failures due to poor cash flow
49%
COGS formula
COGS formula
Opening stock + Purchases - Closing stock
Gross profit formula
Gross profit formula
Operating income - COGS
Net profit formula
Net profit formula
Gross profit - Total expenses
SAF framework stands for
SAF framework stands for
Selling, Administrative, Financial expenses
Current assets definition
Current assets definition
Assets converted to cash within 12 months
Accounting equation
Accounting equation
Assets = Liabilities + Owners' Equity
Balance sheet shows financial position at
Balance sheet shows financial position at
A specific point in time (snapshot)