Tracking Financial Performance Standards of ... - Sa-Dhan

Tracking Financial Performance Standards of Microfinance InstitutionsTermBreak-Even PointBridge LoanBudgetBudgeted Balance SheetBudgeted Income StatementBusinessBusiness Entity ConceptBusiness PlanBusiness SegmentBusiness TransactionBylawsCash on DeliveryCall LoanCanceled ChecksCapitalCapital ExpenditureCapital Expenditures BudgetCapital LeaseDefinitionThe point in operations where total sales exactly equal total fixed and variablecosts; the point of zero profit or loss.Short-term loan to provide temporary financing until more permanentfinancing is available.Financial plan that serves as an estimate of future cost, revenues or both. Aformal statement of management's financial plans for the future.A balance sheet that estimates each element of financial condition at a specifiedfuture time.An income statement that estimates net income for the next fiscal period,based on all income statement budgets.An organization that operates with the objective of earning a profit.The principle that states that, for accounting purposes, a business is a distincteconomic entity or unit that is separate from its owner and from any otherbusiness.A document that describes an organization's current status and plans for severalyears into the future. It generally projects future opportunities for theorganization and maps the financial, operations, marketing and organizationalstrategies that will enable the organization to achieve its goals.Any division of an organization authorized to operate, within prescribed orotherwise established limitations, under substantial control by its ownmanagement.The occurrence of an event or of a condition that must be recorded in theaccounting records.Collection of formal, written rules governing the conduct of a corporation'saffairs (such as what officers it will have, what their responsibilities are, andhow they are to be chosen). Bylaws are approved by a corporation'sstockholders, if a stock corporation, or other owners, if a non-stock corporation.A set of policies that act as a corporation's constitution.Terms set by the seller that call for payment when the goods are deliveredLoan repayable on demand. Also known as demand loanChecks that have been paid by the bank out of the depositor's account.Broadly, all the money and other property of a corporation or other enterpriseused in transacting its business.A cost that adds to the utility of an asset for more than one accountingperiod.Examples include additions, betterments, and extraordinary repairs.Capital expenditures increase either the value or the life of the asset and aredebited to either the plant asset account or its accumulated depreciationaccount, depending on the type of expenditure.A budget used for long-term planning of when physical assets will need to bereplaced.A lease, which includes one or more of four provisions that result in treatingthe leased asset as a purchased asset in the accounts.116