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BM2 Obj 501
| Term | Definition |
|---|---|
| Accounts Payable | Money a company owes |
| Accounts receivable | Money that is owed to a company |
| Acquire | To buy or obtain |
| Assets | Resources owned by a business or an individual |
| Budget | An estimate of income and expenditures over a certain period of time |
| Consistent | Unchanging |
| Data | Facts and figures |
| Financial Statement | Records that show a business's financial activities |
| Income Statement | A financial record that measures a company's performance during a certain period of time |
| Information | Knowledge and facts in useful form |
| Neutral | Impartial; unbaised |
| Relevant | Appropriate to the matter at hand |