What Is FF&E – Furniture, Fixtures, and Equipment? FF&E is an acronym for furniture, fixtures, and equipment. It refers to movable furniture, fixtures, or other equipment that have no permanent connection to the structure of a building. These items include desks, chairs, computers, electronic equipment, tables, bookcases, and partitions. FF&E […]
Accounting
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What is an Account Summary Statement? An account summary is a periodic statement of account activity. It usually includes a beginning date and an ending date. The most common type is a checking account summary statement, usually provided monthly. Monthly credit card bills are also considered to be account statements. […]
What are Common Size Financial Statements? Common size financial statements display items as a percentage of a common base figure, total sales revenue, for example. This type of financial statement allows for easy analysis between companies, or between periods, for the same company. However, if companies use different accounting methods, […]
What Is the Operating Cash Flow Ratio? The operating cash flow ratio is a measure of how well cash flows generated from a company’s operations are covering current liabilities. The ratio can reveal a company’s liquidity in the short term. Using cash flow as opposed to net income is considered […]
What Is Economic Value Added (EVA)? Economic value added (EVA) is a measure of a company’s financial performance. It is based on the residual wealth calculated by deducting its cost of capital from its operating profit. The measure is adjusted for taxes on a cash basis. EVA can also be referred […]
What Is a Chief Financial Officer (CFO)? CFO Meaning: A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company. The CFO’s duties include tracking cash flow and financial planning as well as analyzing the company’s financial strengths and weaknesses and proposing corrective actions. The role […]