This is a draft cheat sheet. It is a work in progress and is not finished yet.
Financial Statements
Balance Sheet: Indicates Financial Condition. What you owe, what you own, equity. |
Income Statement: Financial results and ability to generate income. Revenue - Direct Costs, Gross Profit - SG&A, Operating Income - Other income & expenses - taxes = Net Income |
Important Equations
Assets = Liabilities + Equity |
Working Capital = Current Assets - Current Liabilities |
Current Ratio = Current Assets/Current Liabilities |
Cost in Excess to Equity = Underbillings/Equity |
Backlog to Working Capital = Backlog/Working Capital |
Equity to Backlog = Equity/Backlog |
Forecast Fade = Revised Forecast Profit - Original Estimate Profit |
Percent Complete = Cost to Date/Forecast Cost |
Earned Revenue = % Complete x Revised Forecast Revenue |
Over/Underbilling = Actual Billed-Earned Revenue (Positive number indicates overbilling, negative indicates underbilling) |
Backlog: Balance to Bill = Revised Forecast Revenue - Billed to Date |
Backlog: Cost to Complete = Revised Forecast Cost - Cost Incurred to Date |
Backlog: Unearned Revenue = Revised Forecast Revenue - Revenue Earned to Date |
Backlog: Unearned Profit = Revised Forecast Profit - Profit Earned to Date |
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Financial Statement Elements
1. Assets |
6. Revenue |
2. Liabilities |
7. Expenses |
3. Capital/Equity |
8. Gains |
4. Investments by Owner |
9. Losses |
5. Distributions to Owner |
10. Comprehensive Income |
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