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5.01 FI-579 Glossary

TermDefinition
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 Statements 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; unbiased.
Relevant Appropriate to the matter at hand.
Created by: jasmine.ramos
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