| Depreciation/Amortization-FS/Tax | P,P& E (Non Current Assets) | Inventory (Current Assets) | Intangible Assets | LT Debt (Bonds) & Equity (Stock) |
|---|---|---|---|---|
|
Net Book Value (FS Term)
Adjusted Basis (Tax Term)
Historical Cost - Accumulated Depreciation/ Amortization = ?
|
All expenses to make available for use - real estate/broker, surveying & legal fees
What is includible in the cost of Land
|
Last In First Out Inventory - Prices Most Recent Purchases 1st-assuming inflation, increasing CGS/ lowering income & related taxation.
What is LIFO
|
Amortization
What term "matches" Intangible costs (consumed) to the period incurred
|
PAR (Stated or Face ) Value - generally $1,000
A Bonds stated coupon (relative %) is based on its ...(aka A bonds absolute payment is relative to its....)
|
|
ReturnTax Return
Double Declining Balance aka Accelerated Cost Recovery is generally accounted for on the Financial Statements (Books) or the Tax
|
Shipping/Freight, Installation/Training
What is included in the cost of Equipment
|
First In First Out Inventory - Prices Oldest Purchases 1st-assuming inflation, decreases CGS/ increasing both income & related taxation.
What is FIFO
|
Copyright, Patent, Trademark, Franchise
(Finite/Legal lives), Goodwill (Infinite Lived)
Name an intangible asset?
|
Premium
When a bonds coupon > market interest rates (YTM-I/YR) it trades at a ....
|
|
Straight Line => Historical Cost-Salvage Value/Est Life
Most common form of depreciation on Corporate Financial Statements (Books)
|
Depreciation
What term "matches" P, P & E costs (consumed) to the period incurred
|
Costing inventory units individually as they are sold - ie barcoding
What is Specific Identification
|
Finite Life/Amortize;
Infinite Life/NOT Amortized =>TEST for Impairment
What is the rule regarding amortization of intangibles?
|
Discount
When a bonds coupon < market interest rates (YTM-I/YR) it trades at a ....
|
|
Accumulated Depreciation/Amortization=>Net Book Value (FS) OR Adjusted Basis
What must we determine in order to calculate the gain or loss on the sale of an asset
|
Off Balance Sheet Financing
When a lease is not capitalized (recorded as an assets on the balance sheet w/ a corresponding liability for PV of lease payments), it is referred to
|
Lower of Cost or Market of Inventory - via conservatism, inventory sold below cost, should be reduced to its current Market (replacement) value
What is LCM
|
Mortgage, Car Payment, Pension, Systematic Lottery Payout (= periodic payments with -0- future value)
Name an instrument/investment that amorizes to -0- final/termial Value
|
PAR (Stated or Face ) Value - generally $1,000
Assuming no Default Risk or Call Premium, ALL bonds should approach/mature at .....
|
|
Increase Interest Expense
The amortization of a bonds discount will do what to a company/issuers interest expense (accrual)
|
Capitalization (Capital Expenditures or "Cap Ex')
- Investment component of GDP (GICE) Expenditure
What is the process of placing an asset on the books and systematically accruing its expense over the period incurred
|
Just In Time Inventory - orders inventory as its needed to reduce storage, insurance & other inventory related costs.
What is JIT
|
Perferred or Common Stock
Name an instrument/investment that pays into "perpeiturity"
|
(Accumulated) Retained Earnings
Net Income Plowed Back aka Retention Ratio of assets flow to the balance sheet as
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