- G -
Gearing (Financial)The ratio of debt capital to ownership claim.
General Purpose Financial StatementsDocuments containing accounting information which would be expected to be of interest to a wide range of user groups.
For a limited liability company there would be: a balance sheet, a profit and loss account, a statement of recognised gains and losses and a cash flow statement.
Going Concern BasisThe assumption that the business will continue operating into the foreseeable future.
GoodwillGoodwill on acquisition is the difference between the fair value of the amount paid for an investment in a subsidiary and the fair value of the net assets acquired.
GrossBefore making deductions.
Gross MarginSales minus cost of sales before deducting administration and selling expenses (another name for gross profit). Usually applied when discussing a particular line of activity.
Gross Margin RatioGross profit as a percentage of sales.
Gross ProfitSales minus cost of sales before deducting administration and selling expenses (see also gross margin).
GroupEconomic entity formed by parent and one or more subsidiaries.