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

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Tracking Financial Performance Standards of Microfinance InstitutionsTermDual EffectDue DateEarned CapitalEarned IncomeEarnings per Share (Eps)Earnings ReportEncumbranceEndorsementEquipmentEquityEscrowExempt OrganizationExpenditureDefinitionThe principle that states that all business transactions are recorded as havingat least two effects on the basic accounting elements.The date on which a note must be paid. Also called the maturity date.Capital that arises from profitable operations of the corporation; usually calledretained earnings.Wages, salaries, professional fees, and other amounts received as compensationfor services rendered.Measure of performance calculated by dividing the net earnings of a companyby the average number of shares outstanding during a period. The portion ofa company's profit assigned to each share of stock. For example, if the profitis currency (Dollar, Rupees, Pounds) 1 million and 500,000 shares areoutstanding, the earnings per share would be currency (Dollar, Rupees, Pounds)1 million ÷ 500,000 shares = currency (Dollar, Rupees, Pounds) 2. Listed inthe per share of common stock amounts category on the statement of earnings.A financial statement that reports the results of a company's business operations(revenue and expenses) for a set period, usually one year. Also called an incomestatement, statement of earnings, statement of operations, and statement ofprofit and loss.(1) Mortgage or other lien on the entity's assets; (2) Anticipated expenditure;(3) Uncompleted or undelivered portion of a purchase commitment. Expectedliabilities.A signature or stamp on the back of a check that transfers ownership of thecheck to the bank or another person.The physical assets needed by a business in order to operate.The value of property in an organization greater than total debt held on it.Equity investments typically take the form of an owner's share in the business,and often, a share in the return, or profits. Equity investments carry greaterrisk than debt, but the potential for greater return should balance the risk.Residual interest in the assets of an entity that remains after deducting itsliabilities. Also, the amount of a business' total assets less total liabilities. Also,the third section of a balance sheet, the other two being assets and liabilities.The right or claim to the properties of a business enterprise. The part of acompany's assets that belongs to the stockholders. In other words, the amountthat would remain if a company sold all of its assets and paid off all of itsliabilities. Listed as stockholders' equity on the statement of financial positionand on the statement of stockholders' equity.Money or property put into the custody of a third party for delivery to agrantee, only after fulfillment of specified conditions.Organization which is generally exempt from paying income tax. Exemptorganizations include religious organizations, charitable organizations, socialclubs, and others.Payment, either in cash, by assuming a liability, or by surrendering asset.124
Glossary of Financial TermsTermExpenseExternal ReportingFinancial ForecastFinancial InstitutionFinancial StatementsFinancing ActivitiesFiscal PeriodFiscal YearFixed AssetsFixed CostsFlexible BudgetFootingForecastForeclosureDefinitionThe amount of assets consumed or services used in the process of earningrevenue. The costs of operating a business. Unlike the cost of an asset, the costof an expense does not provide a future benefit to the business. Therefore, itseffect is a reduction in owner's equity. Costs such as salaries, rent, office supplies,advertising, and taxes. Listed in the operating expenses category on thestatement of earnings.Reporting to stockholders and the public, as opposed to internal reportingfor management's benefit.A statement indicating an enterprise's financial plans and expectations for thefuture.Organization engaged in any of the many aspects of finance includingcommercial banks, development banks, thrift institutions, investment banks,securities brokers and dealers, credit unions, investment companies, insurancecompanies, and real estate investment trusts.Presentation of financial data including balance sheets, income statementsand statements of cash flow, or any supporting statement that is intended tocommunicate an entity's financial position at a point in time and its results ofoperations for a period then ended. Summaries of financial activities.Transactions that involve cash receipts or payments from changes in longtermliabilities and stockholders' equity--such as selling stock to stockholdersand paying dividends, and borrowing from creditors and repaying these loans.The period of time that covers a complete accounting cycle. A fiscal year is afiscal period covering twelve months; it does not necessarily coincide with thecalendar year.Period of 12 consecutive months chosen by an entity as its accounting periodwhich may or may not be a calendar year. A 12-month time period that mayor may not be from January 1 to December 31 or April 1 to March 31. Theannual accounting period adopted by an enterprise.Any tangible asset with a life of more than one year used in an entity'soperations. Anything companies use for more than one year to manufacture,display, store, and transport products. Often called "property, plant, andequipment" because that's what fixed assets usually are. Listed after currentassets in the assets category on the statement of financial position.Costs that do not change as production changes; costs that occur even withoutany productionA budget that is actually a series of budgets for different levels of productionactivityThe total of the debit column or credit column of an account.Prospective financial statements that are an entity's expected financial position,results of operations, and cash flowsSeizure of collateral by a creditor when default under a loan agreement occurs.125
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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 Stan
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