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401 Key Terms
Role of Finance/Accounting
| Question | Answer |
|---|---|
| Accounting | The process of keeping and interpreting financial records |
| Accounts payable | All monies owed by the business to others |
| Accounts receivable | All monies owned to a firm by its customers |
| Acquisition of funds | Finance activity involving making decisions about financing |
| Administration of assets | Finance activity involving making decisions about a firm's investments |
| Asset(s) | Anything of value that a business or individual owns |
| Capital budgeting | A process in which a firm's financial managers determine what projects it should invest in. |
| Capital investment decisions | Decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholders. |
| Capital structure | A firm's mix of financing, usually some combination of debt and equity |
| Cash conversion cycle | Ratio that refers to the number of days between a company paying for raw materials and receiving cash from selling the products made from those raw materials |
| Debt funding | Using money that is lent by a bank or other institution to finance a project |
| Dividend | A sum of money paid to an investor or stockholder as earnings on an investment. |
| Equity funding | Using money from investors to finance a project in exchange for shares in the company |
| Finance | In business, the function that involves all money and money management matters. |
| Financing | Funding a business activity or project through debt, equity, or venture capital |
| Return on capital | A measure of how well a business generates cash flow in relation to the capital it has already invested in itself |
| Venture capital | Invested money used for new business opportunities |
| Working capital management | Management of a firm's current balance of assets and liabilities; involves accounts payable and receivable, inventory, and cash |
| Accountant | An individual who has had specialized training in accounting procedures |
| Accounting | The process of keeping financial records |
| Accounting cycle | A process or series of steps that business complete to maintain their financial records effectively |
| Accounting standards | Rules that accountants must follow when preparing financial statements |
Created by:
Jaeylenr
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