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

Tracking Financial Performance Standards of Microfinance InstitutionsInsolventIntangible AssetInterestInterim Financial StatementsInterim FinancingInterim StatementInternal AuditInternal ControlInternal TransactionsWhen an entity's Liabilities exceed its Assets.Asset having no physical existence such as trademarks and patents. A longlivedasset that is useful in the operations of an enterprise, is not held for sale,and is without physical qualities. Long-term assets used in a business that lackphysical substance. Examples include patents, copyrights, trademarks, andfranchises. Anything nonphysical, such as goodwill, trademarks, and patents,that have value for a company. Listed in the assets category (sometimes as"Investments and sundry assets") on the statement of financial position. Wouldpositive peer pressure in micro-finance be such an intangible assetPayment for the use or forbearance of money. The charge for credit; calculatedas (principal) X (rate) X (time)Financial Statements that report the operations of an entity for less than oneyearShort-term loan to provide temporary financing until more permanentfinancing is availableA financial statement issued for a period covering less than a fiscalyearStatements that are prepared during the fiscal year for periods of less than12 months--such as monthly, quarterly, and semiannuallyAudit performed within an entity by its staff rather than an independentcertified public accountant.Process designed to provide reasonable assurance regarding achievement ofvarious management objectives such as the reliability of financial reports. Theprocedures used within a company to protect its assets.Transactions, such as adjustments, that occur within a company and do notaffect parties outside the companyInvestment Expenditure used to purchase goods or services that could produce a returnto the investor. A company's equity ownership in unconsolidated subsidiariesand affiliates. Listed in the category of assets (for example, "Investments andsundry assets") on the statement of financial position.InvoiceJournalJournalizingLeaseLeaseholdTermDefinitionA business document that contains the names and addresses of the buyer andthe seller, the date and terms of the sale, a description of the goods, the priceof the goods, and the mode of transportation used to ship the goods. Theseller calls the invoice a sales invoice; the buyer calls it a purchase invoice. Thebill provided by the seller (referred to as a sales invoice) to a purchaser (referredto as a purchase invoice) for items purchased.Any book containing original entries of daily financial transactions. A formin which transactions are recorded in chronological order (by order of date).The process of recording transactions in a journal.Conveyance of land, buildings, equipment or other assets from one person(Lessor) to another (Lessee) for a specific period of time for monetary or otherconsideration, usually in the form of rent. A contractual agreement conveyingthe right to use an asset for a stated period of time.Property interest a lessee owns in the leased property.128