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    The document defines key terms used in a statement of cash flows, including net income, depreciation expense, accounts receivable, accounts payable, inventory, property, plant and equipment, and debt. It provides short definitions or explanations of each term and notes that the glossary can be accessed during quizzes to define these essential accounting concepts.

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    MBA Math4

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    Glossary4

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    The document defines key terms used in a statement of cash flows, including net income, depreciation expense, accounts receivable, accounts payable, inventory, property, plant and equipment, and debt. It provides short definitions or explanations of each term and notes that the glossary can be accessed during quizzes to define these essential accounting concepts.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views1 page

    Glossary 4

    Uploaded by

    bobblytastic
    The document defines key terms used in a statement of cash flows, including net income, depreciation expense, accounts receivable, accounts payable, inventory, property, plant and equipment, and debt. It provides short definitions or explanations of each term and notes that the glossary can be accessed during quizzes to define these essential accounting concepts.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    aspx)

    4. Statement of Cash Flows

    Dashboard > Accounting > Statement of Cash Flows > Glossary

    Glossary
    Net Income
    Difference between revenue and expenses. Net profit and net earnings are synonyms.

    Depreciation Expense
    Portion of
    Support an asset's original cost that is consumed (usually based on a regulated schedule)
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    Accounts Receivable
    Amount that customers owe the company

    Accounts Payable
    Amount that company owes for goods and services

    Inventory
    Completed products, partially-completed products, and product supplies

    Property, Plant, and Equipment (PP&E)


    self-explanatory

    Debt
    Amount company has borrowed (primarily from banks)

    You may access the glossary during quizzes

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