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

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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
Glossary of Financial TermsSolvencySpecial JournalSpecial ReportSpreadTermStatement of Cash FlowsStatement of Changesin Financial PositionStatement of EarningsStatement of FinancialConditionThe ability of a firm to pay its debts as they come due.A journal designed to record a single type of transaction. Journals used bybusinesses to record transactions that are similar in nature; examples are thepurchases journal and the cash payments journal. Also called special-purposejournals.Special report is a term applied to auditors' reports issued in connection withvarious types of financial presentations, including: Financial statements thatare prepared in conformity with a comprehensive basis of accounting otherthan generally accepted accounting principles. Specified elements, accountsor items of a financial statement. Compliance with aspects of contractualagreements or regulatory requirements related to audited financial statements.Financial presentations to comply with contractual agreements or regulatoryprovisions. Financial information presented in prescribed forms or schedulesthat require a prescribed form of auditor's reports.Difference between two prices, usually a buying and selling price. This happenswith interest in the case of micro-financeA statement of cash flows is one of the basic financial statements that is requiredas part of a complete set of financial statements prepared in conformity withgenerally accepted accounting principles. It categorizes net cash provided orused during a period as operating, investing and financing activities, andreconciles beginning and ending cash and cash equivalents. A financialstatement that provides information about the cash flows from operatingactivities, investing activities, and financing activities during an accountingperiod and the net increase or decrease in cash that occurred. A financialstatement that reports the flow of cash in and out of a company for a setperiod, usually one year. It reports the operating activities, investing activitiesand financing activities of the company.A basic financial statement devoted exclusively to reporting changes in financialposition for a specified period of time.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 earningsreport, income statement, statement of operations, and statement of profitand loss.Basic financial statement, usually accompanied by appropriate disclosuresthat describe the basis of accounting used in its preparation and presentationas of a specified date, the entity's assets, liabilities and the equity of its owners.Also known as balance sheet.Statement of Financial Position A financial statement that reports a company's assets and the claims againstthem - liabilities and stockholders' equity - at a set date noted on the statement.Also called the balance sheet.Statement of OperationsDefinitionA 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 earningsreport, income statement, statement of earnings, and statement of profit andloss.135
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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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Tracking Financial Performance Standards of ... - Sa-Dhan

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