Adventis Financial Modeling Level 1 Certification
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Practice questions for this set
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Any remaining claims of shareholders against a company
Choose an answer
1 Equity 2 Income Statement
3 Balance Sheet 4 Cost of Sales (Cost of Goods Sold)
Don't know?
Terms in this set (89)
, Presents the results of operations over a period of
Income Statement
time, typically monthly, quarterly and/or annually
The purpose is to show stakeholders whether the
company made or lost money during the period
Income Statement
being reported, and it indicates how revenues are
transformed into net income
Displays revenues recognized for a specific period of
Income Statement time and the expenses charged against those
revenues
The amount charged for the delivery of goods or
Revenue (Sales)
services
Cost of Sales (Cost of The direct cost of producing revenue (raw materials,
Goods Sold) direct wages, etc.)
calculated as revenue less cost of sales and indicates
Gross Profit how efficiently labor and supplies are used in the
production process
All other expenses required to run the business
Operating Expenses
(management salaries, marketing, travel, etc.)
Calculated as revenue less cost of sales and
Operating Income (EBIT) operating expenses and indicates a company's
earning power from ongoing operations
Expenses or income not related to the regular
Non-Operating Expenses business of the company (interest expense,
restructuring expenses, etc.)
Corporate Taxes Local and federal income taxes the company incurs
Calculated as revenue less all expenses of the
Net Income (Net Earnings) company and indicates the increase in shareholders'
value resulting from operations
Shows and organization's financial position at a
Balance Sheet
particular point in time
Exam Questions with Correct Answers |
Guaranteed Success
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Any remaining claims of shareholders against a company
Choose an answer
1 Equity 2 Income Statement
3 Balance Sheet 4 Cost of Sales (Cost of Goods Sold)
Don't know?
Terms in this set (89)
, Presents the results of operations over a period of
Income Statement
time, typically monthly, quarterly and/or annually
The purpose is to show stakeholders whether the
company made or lost money during the period
Income Statement
being reported, and it indicates how revenues are
transformed into net income
Displays revenues recognized for a specific period of
Income Statement time and the expenses charged against those
revenues
The amount charged for the delivery of goods or
Revenue (Sales)
services
Cost of Sales (Cost of The direct cost of producing revenue (raw materials,
Goods Sold) direct wages, etc.)
calculated as revenue less cost of sales and indicates
Gross Profit how efficiently labor and supplies are used in the
production process
All other expenses required to run the business
Operating Expenses
(management salaries, marketing, travel, etc.)
Calculated as revenue less cost of sales and
Operating Income (EBIT) operating expenses and indicates a company's
earning power from ongoing operations
Expenses or income not related to the regular
Non-Operating Expenses business of the company (interest expense,
restructuring expenses, etc.)
Corporate Taxes Local and federal income taxes the company incurs
Calculated as revenue less all expenses of the
Net Income (Net Earnings) company and indicates the increase in shareholders'
value resulting from operations
Shows and organization's financial position at a
Balance Sheet
particular point in time
