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Fair ValueThe amount at which an asset or liability could be exchanged in an arm's-length transaction between a willing buyer and a willing seller.
Faithful PresentationQualitive characteristic, information represents what it purports to represent.
Financial AccountingA term usually applied to external reporting by a business where that reporting is presented in financial terms.
Financial AdaptabilityThe ability of the company to respond to unexpected needs or opportunities.
Financial GearingRatio of loan finance to equity capital and reserves.
Financial InformationInformation which may be reported in money terms.
Financial ReportingStandard Title of an accounting standard issued by the UK Accounting Standards Board as a definitive statement of best practice (issued from 1990 onwards – predecessor documents are Statements of Standard Accounting Practice, many of which remain valid).
Financial RiskExists where a company has loan finance, especially long-term loan finance where the company cannot relinquish its commitment.
The risk relates to being unable to meet payments of interest or repayment of capital as they fall due.
Financial StatementsDocuments presenting accounting information which is expected to have a useful purpose.
Financial ViabilityThe ability to survive on an ongoing basis.
Financing ActivitiesActivities that result in changes in the size and composition of the contributed equity and borrowings of the entity.
Fixed AssetAn asset that is held by an enterprise for use in the production or supply of goods or services, for rental to others, or for administrative purposes on a continuing basis in the reporting entity's activities.
Fixed AssetsSee non-current assets.
Fixed Assets UsageRevenue divided by net book value of fixed assets.
Fixed CapitalFinance provided to support the acquisition of fixed assets.
Fixed CostOne which is not affected by changes in the level of output over a defined period of time.
Floating ChargeSecurity taken by lender which floats over all the assets and crystallises over particular assets if the security is required.
ForecastEstimate of future performance and position based on stated assumptions and usually including a quantified amount.
FormatA list of items which may appear in a financial statement, setting out the order in which they are to appear.
Forward Exchange ContractAn agreement to buy foreing currency at a fixed future date and at an agreed price.
Fully PaidShares on which the amount of share capital has been paid in full to the company.
Fund ManagerA person who manages a collection (portfolio) of investments, usually for an insurance company, a pension fund business or a professional fund management business which invests money on behalf of clients.