The National Directory of Certified Public Accountants

Ask A CPA - Financial Statements

1. I've been told I need a financial statement prepared by a CPA . What type of financial statement services are there and how much will it cost ?

2. What does GAAP stand for?

3. What are retained earnings as related to financial statements ?

4. What are the basic Financial Statements?

5. What are the Liquidity Ratios as they refer to Financial Statements ?

6. What is a Balance Sheet ?

7. What is a Cash Flow Forecast ?

8. What is a Cash Flow Statement ?

9. What is a Dividend Yield as it applies to Financial Statements ?

10. What is a Publically-held Corporation ?

11. What is a Statement of Retained Earnings ?

12. What is a Stockholder's Report ?

13. What is an auditor's adverse opinion ?

14. What is an auditor's qualified opinion ?

15. What is an Income Forecast ?

16. What is an Income Statement ?

17. What is Common stock ?

18. What is depreciation ?

19. What is Earnings Per Share (EPS) as it relates to Financial Statements ?

20. What is forecasting ?

21. What is paid-in capital in excess of par as it relates to financial statements?

22. What is Par Value as it refers to stock on a balance sheet ?

23. What is Ratio Analysis as it relates to financial statements ?

24. What is the Average Collection Period ratio?

25. What is the Average Payment Period Ratio ?

26. What is the consistency criterion ?

27. What is the Debt Ratio as it relates to Financial Statements?

28. What is the Debt to Equity Ratio ?

29. What is the disclosure principle ?

30. What is the Fixed Asset Turnover Efficiency ratio ?

31. What is the Gross Profit Margin as it relates to Financial Statements ?

32. What is the Inventory Turnover Activity ratio ?

33. What is the Net Profit Margin, as it relates to Financial Statements ?

34. What is the Operating Profit Margin, as it relates to Financial Statements ?

35. What is the Price / Earnings ( P/E ) Ratio ?

36. What is the Rate of Return on Assets Profitability ratio?

37. What is the Rate of Return On Sales Ratio ?

38. What is the Return on Equity Profitability ratio ?

39. What is the SEC ?

40. What is the Times Interest Earned Ratio as it relates to Financial Statements?

41. What is the Total Asset Turnover as it relates to Financial Statements?

42. What is the Turnover of Cash Liquidity ratio ?

43. Where can I locate my Industry Ratios and expense percentages ?

44. Within Financial Statements , what are some examples of assets ?

45. Within Financial Statements , what are some examples of current assets ?

46. Within Financial Statements , what are some examples of fixed assets ?

47. Within Financial Statements , what are some examples of liabilities ?

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