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Universities » Midwestern State University (MWS.. » ACCT - Accounting » 2243 - Managerial Accounting » Flash Cards

Chapter 15 - Flashcards

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Class:ACCT 2243 - Managerial Accounting
Subject:Accounting
University:Midwestern State University
Term:Spring 2011
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Cash Equivalents Shot term, highly liquid investments such as Treasury bills, commercial paper, and money market funds that are made solely for the purpose of generating a return on temporarily idle funds.
Direct Method A method of computing the net cash provided by operating activities in which the income statement is reconstructed on a cash basis from top to bottom.
Financing Activities All transactions (other than interest payments) involving borrowing from creditors or repaying creditors as well as transactions with the company's owners.
Free Cash Flow Measures a company's ability to fund its capital expenditures and dividends from its net cash provided by operating activities.
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Indirect Method A method of computing the net cash provided by operating activities that starts with net income and adjusts it to a cash basis. It is also known as the reconciliation method.
Investing Activities Transactions that involve acquiring or disposing of non-current assets.
Net Cash Provided by Operating Activities The net result of the cash inflows and outflows arising from day-to-day operations.
Operating Activities Generally speaking, activities that affect current assets, current liabilities, or net income.
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Reconciliation See Indirect Method.
Statement of Cash Flows A financial statement that highlights the major activities that directly and indirectly impact cash flows and hence affect the overall cash balance.
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 Cash EquivalentsShot term, highly liquid investments such as Treasury bills, commercial paper, and money market funds that are made solely for the purpose of generating a return on temporarily idle funds.
 Direct MethodA method of computing the net cash provided by operating activities in which the income statement is reconstructed on a cash basis from top to bottom.
 Financing ActivitiesAll transactions (other than interest payments) involving borrowing from creditors or repaying creditors as well as transactions with the company's owners.
 Free Cash FlowMeasures a company's ability to fund its capital expenditures and dividends from its net cash provided by operating activities.
 Indirect MethodA method of computing the net cash provided by operating activities that starts with net income and adjusts it to a cash basis. It is also known as the reconciliation method.
 Investing ActivitiesTransactions that involve acquiring or disposing of non-current assets.
 Net Cash Provided by Operating ActivitiesThe net result of the cash inflows and outflows arising from day-to-day operations.
 Operating ActivitiesGenerally speaking, activities that affect current assets, current liabilities, or net income.
 ReconciliationSee Indirect Method.
 Statement of Cash FlowsA financial statement that highlights the major activities that directly and indirectly impact cash flows and hence affect the overall cash balance.
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