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4.01 GLOSSARY
ROFANOA
| Term | Definition |
|---|---|
| Accounting | The process if keeping and interfering financial records |
| Accounts payable | All monies owed by the business to others |
| Accounts receivable | All monies owned to a firm by its costumers |
| Acquisition of funds | Finance activity involving making decisions about financing |
| Administration of assets | Finance activity involving making decisions about a firms investments |
| Assets | Anything of value that a business or individual owns |
| Capital budgeting | A process in which a firs financial managers determine which projects it should invest in |
| Capital investment decisions | Decisions that determine which projects a business will invest in, how the investments will be financed, and whether to pay dividends to shareholders |
| Capital structure | A firms mix of financing , usually some combination of debt and equity |
| Cash conversion cycle | Ratio that refers to the numbers 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 the investor or stockholder as earnings on a 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 firms current balance of assets and liabilities; involves account payable and receivable |
| Accountant | The process of keeping financial records |
| Accounting cycle | A process or series of steps that businesses complete to maintain their financial records effectively |
| Accounting standards | Rules that accountants must follow when preparing financial statements |
| Accounting system | The methods and procedures used in consistently handling the businesses financial information |
| Accrual accounting method | A method of accounting that records transactions at the time they occur even if no money changes hands at a time |
| Assets | Anything of value a business owns |
| Balance sheet | A financial statement that captures the financial condition of the business at a particular moment |
| Investors | Those who invest their funds in a business; may be owners or stockholders |
| Journal | A special book or computer program in which a business transactions are recorded in the order in which they occur |
| Ledger | The accounting record for a specific department or area of the business |
| Liabilities | Debts that the business owes |
| Managerial accounting | A type of accounting that involves preparing and reporting financial data internal users, usually managers, who need dinancial information to control day to day operations and to make financial deisions and plans affecting the business |
| Net Worth | The total value of the business |
| Owners equity | The amount an owner has invested in the business plus or minus profits and losses |
| Transactions | A business activity such as a sale, a purchase, or a return |
| Trial balance | The listing of a business's different accounts and their current balances; used o check the accuracy of journal and ledger entries |
Created by:
Zaye
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