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The term used to deal with procurement of funds and their effective utilization in the business is called?
Financial Management
Name three examples of the "Sources of Funds"
Directly from members, Retained surplus, from Outsiders
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
The term used for availability of cash in the near future after taking account of the financial commitments
Liquidity
It is the ability to take effective actions to alter the amounts and timings of cash flows to respond to unexpected needs and opportunities. This includes the ability to raise new capital or tap into unused lines of credit.
Financial flexibility
The term used for the availability of cash over the longer term to meet financial commitments as they fall due
Solvency
Excess of revenue and gains over expenses is called?
Profit
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
Narrative descriptions or more detailed analyses of amounts shown on the face of the financial statements.
Notes to Financial Statements
The is an interpretation mainly to determine the financial and operational performance of the business.
Financial statement analysis
Identify at least two methods of Financial Statement Analysis
Comparative Financial Statement Analysis • Trend Analysis • Ratio Analysis • PESOS Indicators
What does P.E.S.O.S stands for?
Portfolio Quality- Efficiency- Stability- Operations- Structure of Assets
(PESOS) The term used to determine if financial services are delivered to its members in a sustained manner
Stability
(PESOS) The term used to determine the extent of the share of the cooperative’s various assets to its total assets/Assess the effective use of these assets to operate revenues.
Structure of assets
