Accounting Services Finances

To calculate the average tax rate, divide the taxes paid by taxable income.

Those things which are leased, owned or otherwise in a company’s control and which are utilised in the creation of revenue. Contrast to liabilities.

Ratios used to clarify the cost-effectiveness of how a business manages its assets.

Please see assets.

Please see offer price.

The articles which are nominated for a company and which govern the operations of the organisation.

“The term in arrears is also used in many contexts to refer to payments made at the end of a period, as distinct from in advance, which are payments made at the start of a period. For instance, rent is usually paid in advance, but mortgages in arrears (the interest for the period is due at the end of the period). Employees’ salaries are usually paid in arrears.

In other contexts, payment at the end of a period is referred to by the singular arrear, to distinguish from past due payments. For example, a housing tenant who is obliged to pay rent at the end of each month, is said to pay rent in arrear, while a tenant who has not paid rental due for 90 days is said to be three months in arrears. Precise usage may differ slightly (e.g. “in arrear” or “in arrears” for the same situation) in different English-speaking countries.”

(Source: http://en.wikipedia.org/wiki/Arrears, Accessed 12 August 2011.)

An instrument on which payments take place at the start of each period.

This financial instrument provides a series of constant or equal payments for a nominated period.

“An annual report is a comprehensive report on a company’s activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company’s activities and financial performance. Most jurisdictions require companies to prepare and disclose annual reports, and many require the annual report to be filed at the company’s registry. Companies listed on a stock exchange are also required to report at more frequent intervals (depending upon the rules of the stock exchange involved).

Typically annual reports will include:

• Chairperson’s report
• CEO’s report
• Auditor’s report on corporate governance
• Mission statement
• Corporate governance statement of compliance
• Statement of directors’ responsibilities
• Invitation to the company’s AGM

as well as financial statements including:

• Auditor’s report on the financial statements
• Balance sheet
• Statement of retained earnings
• Income statement
• Cash flow statement
• Notes to the financial statements
• Accounting policies”

(Source: http://en.wikipedia.org/wiki/Annual_report, Accessed 10 August 2011)