[ S ]
 
 
 
Sale and leaseback transaction
 
The sale of an asset and the leasing back of the same asset. The lease payment and the sale price are usually interdependent because they are negotiated as a package.
 
Sarbanes-Oxley

The Sarbanes Oxley(SOX) Act of 2002 is a piece of US legislation

It was introduced in response to high profile financial scandals like […]

[ R ]
 
 
Realisable value
 
o         The amount of cash or cash equivalents that could currently be obtained by selling an asset in an orderly disposal.
 
 
Recognition
 
o         The process of incorporating in the balance sheet or income statement an item that meets the definition of an element and satisfies the following criteria for recognition:
a.       it is probable that […]

[ Q ]
 
 
 
 
Quick assets
 
o         see liquid assets
 
 
 
Quick ratio
 
o         the ratio of liquid assets to current liabilities . A test of liquidity:1 is the general norm

[ P ]
 
 
Parent
 
o         An entity that has one or more subsidiaries.
 
 
Profit
 
o         The residual amount that remains after expenses (including capital maintenance adjustments, where appropriate) have been deducted from income. Any amount over and above that required to maintain the capital at the beginning of the period is profit.
 
Profit or loss for the period
 
o         A separate […]

[ O ]
 
Operating activities
 
o         The principal revenue-producing activities of an entity and other activities that are not investing or financing activities
 
 
Operating cycle
 
o         The time between the acquisition of assets for processing and their realisation in cash or cash equivalents.
 
Ordinary share
 
An equity instrument that is subordinate to all other classes of equity instruments.