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

Tracking Financial Performance Standards of Microfinance InstitutionsTermReserveRestructuringRevenueRevenue ExpendituresRevenue RecognitionReversing EntrySalaried EmployeesSalarySalvage ValueSchedule of Accounts PayableSchedule of AccountsReceivableSecuritiesSecuritySelf-Sufficiency:Short-TermDefinitionAccount used to earmark a portion of equity or fund balance to indicate thatit is not available for expenditure.Reorganization within an entity. Restructuring may occur in the form ofchanging the components of capital, renegotiating the terms of debtagreements, etc.Income earned from carrying out the activities of a firm.The amount chargedto customers for goods sold or services rendered.The total flow of funds intoa company, mostly for sales of its goods or services. Listed as the first categoryon the statement of earnings. Sales of products, merchandise, and services;and earnings from interest, dividend and rent.An expenditure that benefits only the current period.Expenditures for a plantasset that benefit only the current accounting period. Examples include repairsand maintenance expenses. Revenue expenditures are debited to expenseaccounts.Method of determining whether or not income has met the conditions ofbeing earned and realised or is realisable.An entry made at the start of a new accounting period to reverse an adjustingentry made at the end of the previous period. A reversing entry is the exactopposite of the adjusting entry. An entry that reverses a specific adjustingentry to facilitate the recording of routine transactions in the subsequent period.Individuals who work for a fixed amount for a definite period of time, such asa week, a month, or a year.A fixed amount paid to employees for a certain period of time, such as a weekor a month.Selling price assigned to retired fixed assets or merchandise unsalable throughusual channels. The amount that an asset is expected to be worth at the end ofits productive life. Also called scrap value, trade-in value, and residual value.A listing of the individual creditor balances in the accounts payable ledger.A listing of the balances in the accounts receivable ledger.Investments, including stocks and bonds. Listed as assets on the statement offinancial position.A pledge made to secure the performance of a contract or the fulfillment of anobligation. Examples of securities include real estate, equipment stocks or aco-signer. Mortgages are a form of security with strong legal standing, becausethey are publicly registered following a formal legal procedure. A mortgagegives the lender holding a mortgage security the right to reclaim the assetbeing financed, if repayment is not made. Any kind of transferable certificateof ownership including equity securities and debt securities.Self-sufficiency occurs when a micro-credit programme can cover all of itsoperating expenses (including loan losses and the cost of capital) entirely withinternally-generated sources of income.Current; ordinarily due within one year.134