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AICPA Important Terminlogy

RonWang5个月前 (01-10)学习成长259

2024 AICPA Terminlogy

Factoring :  Selling receivables at a discount to obtain immediate cash .Traditionally involves the outright sale of receivables to a financing institute know as factor.

CFI Website : https://corporatefinanceinstitute.com/

Inventory TurnOver Ratio :    Inventory TurnOver =  COGS / Average Value of Inventory   (Cost of Goods Sold)

Average value of inventory is used to offset seasonality effects. It is calculated by adding the value of inventory at the end of a period to the value of inventory at the end of the prior period and dividing the sum by 2 .

Inventory Period : Inventory Period = 365 days / Inventory Turnover

Receivable Turnover Ratio Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable 

Accounts Receivalbe Period :  Accounts Receivalbe Period = 365 Days / Receivables Turnover

Payable Turnover Ratio :   Payable Turnover Ratio = Net Credit Purchases / Average Accounts Payable 

Days of Operating Cycle : Operating Cycle = Inventory Period + Accounts Receivalbe Period 

The Operating Cycle tracks the number of days between the initial date of inventory purchase and the receipt of cash payment from customer credit purchases.

Cash Cycle :  Cash Cycle = Operating Cycle -Day's Purchase in A/R

Number of Days Sales in Average. Inventory :  Inventory Days  =  (Inventory / Cost of Sales) x (No. of Days in the Period)

Number of Days in Average Receivables :  A/R Days = Aver. AR X365Days / Revenue

Number of Days in Average Payables :   A/P Days =Aver. AP X365Days /COGS 

Loan Participations : A loan participation is a sharing or selling of interests in a loan. Depository institutions use loan participations as an integral part of their lending operations. Banks may sell participations to enhance their liquidity, interest rate risk management, and capital and earnings.



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