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EOPA DMcNeil3
Entrepreneurship
| Term | Definition |
|---|---|
| Debt Financing | funds raised through various forms of borrowing that must be repaid (e.g. trade credit, bank loan, issuing bonds) |
| Equity Financing | money raised from within the firm, from operations or through the sale of ownership of the firm (e.g. reinvested earnings, sale of assets, issue of new shares) |
| Liquidty Ratios | measure the ability to turn assets into cash to pay short-term debts |
| Financial Controller (Is Responsible For) | planning, monitoring (compared planned spending with actual spending), producing financial data for the senior management team, analyzing major financial decisions |
| Treasurer ( Is Responsible For) | managing cash flow and raising new funds |
| Chief Accounting Officer (Is Responsible For) | keeping the company's books, preparing financial statements, preparing tax returns, developing strategies to minimize taxes |
| Financial Accounting | the phase of accounting concerned with providing information to stockholders, creditors, and others outside the organization |
| Product Oriented | an approach to business that centers on capturing business by focusing on creating and manufacturing better products at lower prices |
| Invisible Hand | the economy grows and prospers through the efforts of improving their own situation in life |
| Capitalism | is an economic system in which all or most of the means of production and distribution are privately owned and operated for profit |
Created by:
DukeMcNeil
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