AFM101 Chapter Notes - Chapter 10: Cash Flow, Gift Card, Sales Taxes In Canada

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM101
• Professor: Thomas Manning

Document Summary

You are not responsible for appendix 10a (deferred income tax assets and liabilities). You are responsible for appendix 10b present value concepts and appendix 10c. Capital structure: the mixture of debt and equity that finances the short and long-term operating operating requirements of a company. Liabilities: debts or obligations arising from past transactions that will be paid with assets or services. Current liabilities: short-term obligations that will be paid within the normal operating cycle or one year, whichever is longer. Liquidity: the ability to pay its current obligation. Accrued liabilities: expenses that have been incurred but have not been paid at the end of the accounting period. Time value of money: the interest that is associated with the use of money over time. Deferred revenues: revenues that have been collected but not earned; they are liabilities until the goods or services are provided. Provision: a liability of uncertain timing or amount.