100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
AAMS 1 - The Asset Management Process Exam Study Guide with Complete Solutions $7.99   Add to cart

Exam (elaborations)

AAMS 1 - The Asset Management Process Exam Study Guide with Complete Solutions

 4 views  0 purchase
  • Course
  • AAMS
  • Institution
  • AAMS

AAMS 1 - The Asset Management Process Exam Study Guide with Complete Solutions Assets - Answer️️ -Assets are the things the client owns - even if they are not fully paid for. Liabilities - Answer️️ -Liabilities are what the client owes - on credit cards, bank loans, mortgages, etc. N...

[Show more]

Preview 1 out of 3  pages

  • August 27, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AAMS
  • AAMS
avatar-seller
SophiaBennett
©SOPHIABENNETT@2024-2025 Monday, August 19, 2024 12:35 AM

AAMS 1 - The Asset Management
Process Exam Study Guide with
Complete Solutions

Assets - Answer✔️✔️-Assets are the things the client owns - even if they are
not fully paid for.

Liabilities - Answer✔️✔️-Liabilities are what the client owes - on credit
cards, bank loans, mortgages, etc.

Net Worth formula - Answer✔️✔️-Net Worth is a residual figure determined
by: Assets - Liabilities = Net Worth

Describe "Use Assets" - Answer✔️✔️-Assets used in the course of daily
living: automobiles, homes, boats, personal property, etc

Another name for: Statement of Financial Position - Answer✔️✔️-Balance
Sheet - details a specific date

Another name for: Income Statement - Answer✔️✔️-Cash Flow Statement -
details a period of time, typically a year

Income / Cash Flow Statement - Answer✔️✔️-Lists sources of income and
expenses that covers a specific period of time, typically a year.

Formula for an Income / Cash Flow Statement - Answer✔️✔️-Gross Income
- Expenses = Surplus (Deficit)



Page 1 of 3

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72964 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart