Accounting Formulas

Card Set Information

Author:
Drizzle
ID:
277318
Filename:
Accounting Formulas
Updated:
2014-06-23 20:54:58
Tags:
Financial Accounting
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Description:
Forumulas so far
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  1. Income Statement
    Revenues - Expenses = Net Income
  2. Statement of Retained Earnings
    Beginning Retained Earnings + Net Income/- Net Loss - Dividends = Ending Retained Earnings
  3. Balance Sheet
    Assets = Liabilities + Stockholders' Equity
  4. Expanded Accounting Equation
    Assets = Liabilities + Stockholders' Equity - Dividends + (Revenues -Expenses)
  5. Current Ratio
    Current Assets/Current Liabilities
  6. Debt Ratio
    Total Liabilities/Total Assets
  7. Net Working Capital
    Total current assets - Total current liabilities
  8. Book Value (of a plant asset)
    The asset's cost - Accumulated depreciation

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