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401 Role of Finance

Finance

TermDefinition
Accounting The process of keeping and interpreting financial records.
Accounts Payable All monies owed by the business to others.
Accounts Receivable All monies owed to a firm by its customers.
Acquisition of Funds Financing activity involving making decisions about financing.
Administration of Assets Finance activity involving making decisions involving marketing decision about a firms investments.
Asset(s) Anything of value that a business or individual owns.
Capital Budgeting A process in which a firms financial managers determine which projects it should invest in.
Created by: gabriella.m665
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