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

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Tracking Financial Performance Standards of Microfinance InstitutionsTermDeferralDeferred ChargeDeferred CreditsDeferred ExpensesDeferred IncomeDeferred RevenueDeficitDeflationDelinquentDemand LoanDepletionDeposit MethodDeposit SlipDepositorDepreciationDepreciation ExpenseDefinitionA postponement of the recognition of an expense already paid or a revenuealready received. Expenses and revenue that have been recorded in the currentaccounting period but are not incurred or earned until a future period.Cost incurred for subsequent periods which are reflected as assets. Anothername for deferred expenses, usually applying to advance payments that covermore than a year.Another name for deferred revenue, usually applying to amounts receivedmore than a year in advance.Advance payments for goods or services that benefit more than one accountingperiod.Income received but not earned until all events have occurred. Deferred incomeis reflected as a liability.The advance receipt of revenue that will not be earned until a future accountingperiod.Financial shortage that occurs when liabilities exceed assets. A debit balancein the Retained Earnings account.A period when prices in general are falling and the purchasing power of thecurrency (dollar or pound or rupee) is increasing.In a monetary context, something that has been made payable and is overdueand unpaid,Loan repayable on demand. Also known as a Call Loan.Method of computing a deduction to account for a reduction in value ofextractable natural resources. The expense resulting from the using up of anatural resource. The cost of metal ores and other minerals removed from theearth.Related to the sales of real estate, under this method the seller does not recognizeany profits, does not record a note receivable, and continues to reflect theproperty and related debt in the seller's financial statements, recording thebuyer's initial investment and subsequent payments as a deposit.A form that is prepared when coin, currency, or checks are deposited in abank account. It indicates the depositor's name and account number andsummarizes the amount deposited. Also called deposit ticket.The business or person under whose name a checking account is opened.Expense allowance made for wear and tear on an asset over its estimated usefullife. (See Accelerated Depreciation and Straight-line Depreciation.) Anallocation process in which the cost of a long-term asset (except land) is dividedover the periods in which the asset is used in the production of the business'srevenue. The periodic cost expiration of all plant assets except land. Anallowance for wear or age made to the value of a fixed asset, allocating its costover its estimated useful life. Listed in the assets category on the statement offinancial position.The expense that results from the allocation process of depreciation.122
Glossary of Financial TermsTermDirect ExpenseDirect MethodDirect Write-Off MethodDisbursementDisclaimer of OpinionDisclosureDiscountDividendDividend YieldDividendDividends In ArrearsDouble Declining-BalanceMethodDouble-Entry AccountingDouble-Entry BookkeepingDraweeDrawerDrawing AccountDefinitionAn expense that is associated with a specific department; an expense thatbenefits only that department and that would not exist if the department didnot exist.A format for the statement of cash flows that discloses each major class of cashinflow and cash outflow from operating activities. It shows the amount ofcash received or paid for revenues and expenses reported on the incomestatement. This is the method recommended by the FASB.A method of accounting for bad debts in which the expense is recorded at thetime of the write-off of a customer's account. A method of accounting foruncollectible receivables, whereby an expense is recognized only when specificaccounts are judged to be uncollectible.Payment by cash or check. Represents the amount of checks issued andelectronic fund transfers, cash or other payments made.Statement by an auditor indicating inability to express an opinion on thefairness of the financial statements provided and the reason for the inability.Process of divulging accounting information so that the content of financialstatements is understood.Reduction from the full amount of a price or debt.A distribution of corporate earnings to the stockholders of the company.A measure of profitability that tells the investor the rate earned on investment.Calculated by dividing the dividend per share of stock by the market price pershare.A distribution of earnings of a corporation to its owners (stockholders).Distribution of earnings to owners of a corporation in cash, other Assets ofthe corporation, or the corporation's capital stock. Cash or stock paymentsfrom a company's profits distributed to stockholders, an equal amount foreach share of stock owned. Listed as dividends on the statement of stockholders'equity.Passed dividends on cumulative preferred stock.A depreciation method that allows greater depreciation in the early years ofthe life of a plant asset and less depreciation in later years. This is achieved byapplying a constant rate to each year's decreasing book value.Each business transaction affects the accounting elements in at least two ways.Recording both effects of a transaction is called double-entry accounting. Asystem fro recording transactions based on recording increases and decreasesin accounts so that debits always equal credits.Method of recording financial transactions in which each transaction is enteredin two or more accounts and involves two-way, self-balancing posting. Totaldebits must equal total credits.The bank on which a check is drawn.The business or person who writes a check.A temporary owner's equity account that is used when an owner withdrawscash or other assets from the business for personal use.123
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TECHNICAL TOOL SERIES 1TRACKING FIN
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INTRODUCTION TOMICROFINANCE STANDAR
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5. PERFORMANCE STANDARDS - CONCEPT,
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ACKNOWLEDGMENTSThe need of the oper
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Tracking Financial Performance Standards of ... - Sa-Dhan

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