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501 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 financial activities
income statement a financial record that measures a company's performance during a certain time period
information knowledge and facts in useful form
neutral impartial , unbiased
relevant appropriate to the matter at hand
Created by: kayde.m822
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