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Summary finance

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Good summary of the Finance exam at Breda University of Applied Sciences.

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  • March 8, 2023
  • 11
  • 2021/2022
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Finance summary exam

Notes from the lectures:
Gross operating profit (GOP)= revenue – costs of sales

Not all departments have costs of sales  what it costs (the things you need to buy)

The income statement:
Tells you (the entrepreneur/ ondernemer)
- Sales volume
- Expenses (salaries, costs of sales, electricity, etc.)
- Profitability
- Relationship revenues and expenses

Who would like to know?
- (potential) stakeholders
- Accountability management
- Tax agencies (IRS and such) = belastingsdiensten
- Divided decision

Income statement: how successful has it been in a certain time.

A budget is a financial plan

FTE= furniture fixtures equipment
Line of credit= that you can go in red at a bank account

Balance sheet:
Current maturities of long terms: the first 12 transactions to the bank, when you need to pay
the bank back.

Bonds: Tesla f.e. borrowed money from someone, this is a bond with a contract.
There are always more assets (=middelen) than equity (= eigen vermogen)

Retained earnings= the valid of a hotel will grow. Profit that a company had made but not
‘givin’ out yet.

, Driehoekje = assets
O met een/ erdoor= Liabilities




Assets (own)



Current assets  no longer than a year Current liabilities  no longer than a year
- Cash - Accounts payable
- Bank - Advance deposits (=voorschot
stortingen)
- Short term investments - Line of credit (=kredietlijn)
- Accounts receivable - Current maturities (looptijden)
of long-term debt
- Inventory
- Prepaid expenses

Non- current (fixed) assets Non- current (long-term) liabilities
Use it more than a year Use it more than a year
- Land - Mortgages (=hypotheken)
- Buildings - Bonds and other long-term loans
(lening)
- furniture Total: 70
- Goodwill Owners’ equity
- Pre-opening costs - Common stocks/ shares (veel
voorkomende aandelen)
- China, glassware, linen, - Retained earnings
uniforms, etc
Total: 100 Total: 30

Read:
Chapter 1 page 4
Chapter 2 page 20

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