CHAPTER 3 VOCAB
Depreciation Companies prepare two set of financial statements one is for the IRS and is used
to calculate taxes and the other is based on GAAP and is used for reporting to investors.
Companies use accelerated depreciation for IRS and stra
Chapter 5 Vocabulary
Time line shows the timing of cash flows where tick marks occur at the end of each period.
Each tick mark corresponds to the end of the one time period and the beginning of the next one.
Future value The amount an investment is worth
Chapter 9 Vocabulary Words
Annual Report A report issued annually by a corporation to its stockholders. It contains basic
financial statements as well as managements analysis of the firms past operations and future
prospects. The quantitative and verbal m