|statement of financial condition
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Definition of statement of financial condition
statement of financial condition
See balance sheet.
Also called the statement of financial condition, it is a summary of the assets, liabilities, and
An equation that reflects the two-sided nature of a
A term often used instead of the more formal and correct
financial means having to do with
Sources of funds internally provided from operations that alter a company's
Similar to equipment trust certificates except that the lender is either the
An annual statement filed by a life insurance company in each state where it does
The application of financial principals within a corporation to create and
financial planning conducted by a firm that encompasses preparation of both
The ability of the national economy to generate enough foreign exchange to meet
Highlights the fact that return on assets (ROA) can be expressed in terms
Also called securities analysts and investment analysts, professionals who analyze
Claims on real assets.
The management of a firm's costs and expenses in order to control them in relation to
Events preceding and including bankruptcy, such as violation of loan contracts.
Financial distress costs
Legal and administrative costs of liquidation or reorganization. Also includes
Combining or dividing existing instruments to create new financial products.
A contract entered into now that provides for the delivery of a specified asset in exchange
Institutions that provide the market function of matching borrowers and lenders or
Long-term, non-cancelable lease.
Use of debt to increase the expected return on equity. financial leverage is measured by
Financial leverage clientele
A group of investors who have a preference for investing in firms that adhere to
Financial leverage ratios
Related: capitalization ratios.
An organized institutional structure or mechanism for creating and exchanging financial assets.
Objectives of a financial nature that the firm will strive to accomplish during the period
A financial blueprint for the financial future of a firm.
The process of evaluating the investing and financing options available to a firm. It
That portion of the media devoted to reporting financial news.
The result of dividing one financial statement item by another. Ratios help analysts interpret
The risk that the cash flow of an issuer will not be adequate to meet its financial obligations.
Income statement (statement of operations)
A statement showing the revenues, expenses, and income (the
London International Financial Futures Exchange (LIFFE)
A London exchange where Eurodollar futures
Long-term financial plan
financial plan covering two or more years of future operations.
London International Financial Futures Exchange (LIFFE)
London exchange where Eurodollar futures as well as futures-style options are traded.
Include such things as freight, insurance, passenger services, and travel.
Notes to the financial statements
A detailed set of notes immediately following the financial statements in
A statement published by an issuer of a new municipal security describing itself and the issue
Perfectly competitive financial markets
Markets in which no trader has the power to change the price of
Pro forma financial statements
financial statements as adjusted to reflect a projected or planned transaction.
Pro forma statement
A financial statement showing the forecast or projected operating results and balance
A legal document that is filed with the SEC to register securities for public offering.
Short-term financial plan
A financial plan that covers the coming fiscal year.
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
A dedicated computer network to support funds transfer messages internationally between over 900 member banks worldwide.
Billing method in which the sales for a period such as a month (for which a customer also
Statement of cash flows
A financial statement showing a firm's cash receipts and cash payments during a
A method of cash budgeting that is organized along the lines of the statement of cash flows.
Statement of Financial Accounting Standards No. 8
This is a currency translation standard previously in
Statement of Financial Accounting Standards No. 52
This is the currency translation standard currently
Technical condition of a market
Demand and supply factors affecting price, in particular the net position,
A statement that shows where a companyâ€™s cash came from and where it went for a period of time, such as a year.
An accounting statement that summarizes information about a company in the following format:
Cash Flow statement
A financial report that shows the movement in cash for a business during an accounting period.
The production of financial statements, primarily for those interested parties who are external to the business.
Financial reports or statements
The Profit and Loss account, Balance Sheet and Cash Flow statement of a business.
The accounting period adopted by a business for the production of its financial statements.
One of the basic financial statements; it lists the revenue and expense accounts of the company.
Statement of Cash Flows
One of the basic financial statements; it lists the cash inflows and cash outflows of the company, grouped into the categories of operating activities, financing activities, and investing activities. The statement of Cash Flows is prepared for a specified period of time.
Statement Retained Earnings
One of the basic financial statements; it takes the beginning balance of retained earnings and adds net income, then subtracts dividends. The statement of Retained Earnings is prepared for a specified period of time.
statement of cash flows
One of the three primary financial statements
The equity (ownership) capital of a business can serve
financial statement that summarizes sales revenue
profit and loss statement (P&L statement)
This is an alternative moniker
stockholders' equity, statement of changes in
Although often considered
a discipline in which historical, monetary
a plan that aggregates monetary details
a monetary reward provided for performance
a written expression of organizational purpose that describes how the organization uniquely meets its targeted customersâ€™ needs with its products or services
Statement on Management Accounting (SMA)
a pronouncement developed and issued by the Management
n organizationâ€™s statement that reflects its
a written expression about the organizationâ€™s
A financial report that summarizes a companyâ€™s revenue, cost of
Statement of cash flows
Part of the financial statements; it summarizes an entityâ€™s cash
Statement of retained earnings
An adjunct to the balance sheet, providing more detailed information about the beginning balance, changes, and ending balance in
chief financial officer (CFO)
Officer who oversees the treasurer and controller and sets overall financial strategy.
common-size income statement
Income statement that presents items as a percentage of revenues.
costs of financial distress
Costs arising from bankruptcy or distorted business decisions before bankruptcy.
Claims to the income generated by real assets. Also called securities.
Firm that raises money from many small investors and provides financing to businesses or other
Debt financing amplifies the effects of changes in operating income on the returns to stockholders.
Markets in which financial assets are traded.
Risk to shareholders resulting from the use of debt.
Ready access to cash or debt financing.
financial statement that shows the revenues, expenses, and net income of a firm over a period of time.
statement of cash flows
financial statement that shows the firmâ€™s cash receipts and cash payments over a period of time.
Any institution, such as a bank, that takes deposits from savers and loans them to borrowers.
The process whereby financial intermediaries channel funds from lender/savers to borrower/spenders.
A feature of a debt or credit agreement that is designed to protect the lender or creditor. It is common to characterize covenants as either positive or negative covenants.
Financial Numbers Game
The use of creative accounting practices to alter a financial statement
Fraudulent Financial Reporting
Intentional misstatements or omissions of amounts or disclosures
Restatement of Prior-Year Financial Statements
A recasting of prior-year financial statements to remove the effects of an error or other adjustment and report them on a new basis.
This is the restoration of a lapsed life insurance policy. The life insurance company will require evidence of continuing good health and the payment of all past due premiums plus interest.
One of two parties to a conditional sale agreement, the other being the conditional seller.
A type of agreement to sell whereby a seller retains title to goods sold and delivered to a purchaser until full payment has been made.
Conditional Sale Agreement
An agreement entered into between a conditional buyer and a conditional seller setting out the terms under which goods change hands.
One of two parties to a conditional sale agreement, the other being the conditional buyer.
External Financial Statements
Corporate financial statements that have been reported on by an external independent accountant.
Economic assistance provided by unrelated third parties, typically government agencies. They may take the form of loans, loan guarantees, subsidies, tax allowances, contributions, or cost-sharing arrangements.
A promise made related to financial conditions or events. Often a promise not to allow certain balance sheet items or ratios to fall below an agreed level. Usually found in loan documents, as a protection mechanism.
An expression of economic benefit that motivates behavior that might otherwise not take place.
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