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Welcome to FCA Resources

  • What is a General Ledger?
  • What is a Profit and Loss Statement?
  • What is Asset Depreciation?
  • What is Bad Debt?
  • What is a Trial Balance in Accounting?
  • What are Accounts Receivable in Business?
  • Understanding the Balance Sheet
  • What is Current Ratio?
  • What are Operating Expenses?
  • What is Accounts Payable?
  • What is EBITDA in business?
  • What is Gross Margin in Business?
  • What is Net Margin in Business?
  • What is Cash Flow?

What is a General Ledger?

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What is a Profit and Loss Statement?

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What is Asset Depreciation?

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What is Bad Debt?

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What is a Trial Balance in Accounting?

A trial balance is an accounting report that lists the balances of all general ledger accounts at a specific point in time. It is a tool used to ensure that the total of all debit balances equals the total of all credit balances, thereby verifying the accuracy of the double-entry accounting system. 

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What are Accounts Receivable in Business?

Accounts receivable (AR) refer to the money owed to a business by its customers for goods or services delivered but not yet paid for. These amounts are recorded as your current assets on the balance sheet because they are expected to be converted into cash within a year. 

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Understanding the Balance Sheet

A balance sheet is one of the three core financial statements that provide an at-a-glance view of your business’s financial position at a specific point in time. It is a crucial document for understanding your business's financial health, showing what your business owns (assets), what it owes (liabilities), and the owner's equity.

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What is Current Ratio?

Current ratio is a liquidity ratio that measures your company’s ability to pay off its short-term obligations with its current assets. It is an important financial metric used to assess your company's financial health. A higher current ratio indicates that a company has more current assets relative to its current liabilities, suggesting better liquidity and financial stability.

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What are Operating Expenses?

Operating expenses refer to the costs a business incurs during its regular operations to generate revenue. These include rent, utilities, wages, office supplies, property taxes, and administrative expenses.

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What is Accounts Payable?

Accounts Payable (AP) refers to the money a business owes to its suppliers for goods or services received but not yet paid for. It is a crucial part of the business's financial management and is recorded as a current liability on the balance sheet.

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What is EBITDA in business?

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortisation.  It is a financial metric used to assess a company's operational performance by focusing on earnings from core business activities, excluding the effects of capital structure, tax regulations, and non-cash accounting items.

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What is Gross Margin in Business?

Gross margin is a financial health metric that shows the percentage of revenue that exceeds the cost of goods sold (COGS).  It shows how well a business is making its products or services and is important for knowing how profitable your core operations are.  Gross margin is expressed as a percentage value and helps business owners assess the financial health and operational efficiency of their business.

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What is Net Margin in Business?

Net margin, also known as net profit margin, is a financial metric that indicates the percentage of revenue remaining after all business expenses have been deducted from net sales.  This includes operating expenses, interest, taxes, and any other costs. It is a crucial indicator of a company's overall profitability and financial health.

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What is Cash Flow?

Cash flow refers to the movement of money in and out of your business. It is a critical aspect of financial health, reflecting how well a company manages its cash to fund its operations, pay its debts, and make investments.  Positive cash flow means more money is coming into the business than going out, while negative cash flow indicates the opposite.

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