Excess of revenue and gains over expenses is called?
Profit
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What does P.E.S.O.S stands for?
Portfolio Quality- Efficiency- Stability- Operations- Structure of Assets
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This document provides the information about the cash receipts and cash disbursements of the cooperative that occurred during a period/ Summarizes the transactions that caused a change in the cash balance during the year
Cash flow statement
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5
The term used for availability of cash in the near future after taking account of the financial commitments
Liquidity
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The term used to deal with procurement of funds and their effective utilization in the business is called?
Financial Management
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The term used for the availability of cash over the longer term to meet financial commitments as they fall due
Solvency
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(PESOS) The term used to determine the extent of the share of the cooperativeâs various assets to its total assets/Assess the effective use of these assets to operate revenues.
Structure of assets
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5
Narrative descriptions or more detailed analyses of amounts shown on the face of the financial statements.
Notes to Financial Statements
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5
Identify at least two methods of Financial Statement Analysis
(PESOS) The term used to determine if financial services are delivered to its members in a sustained manner
Stability
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5
Name 2 elements of a Financial Statement?
1. Statement of Financial Condition 2. Statement of Operations 3. Statement Of Changes In Equity 4. Cash Flow Statement 5. Notes to the Financial Statements
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5
Name three examples of the "Sources of Funds"
Directly from members, Retained surplus, from Outsiders