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Role of finance and
| Question | Answer |
|---|---|
| Accounting | the process of keeping and interpreting financial records |
| Accounts payable | all monies owed by the businesses to others |
| Accounts receivable | all monies owed to a firm by its customers |
| Acquisition of funds | Finance activity involving making decisions about a firms investments |
| Assest | 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 |
| 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 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 firms 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 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 the time |
| Assets | Anything of value that a business owns |
| Balance sheet | A financial statement that captures the financial condition of the business at that particular moment |
| Bookkeeping | The steps of the accounting cycle that involves recording each business transaction |
| Cash | currency and coins |
| Cash accounting method | A accounting method in which income and expenditures are recorded at the time the money changes hands |
| Cash flow statement | A Financial summary with estimates as to when, where and how much money will flow into and out a business |
| Credit | The arrangement by which businesses or individuals can purchase now and pay later |
| Expenditures | The monies that a business spends; also called expences |
| Expenses | The monies that a business spends; also called expenditures |
| Financial accounting | a type of accounting that involves preparing and reporting financial data to external users who are not directly involved in business operations |
| Financial statement | A summary of accounting information |
| Income | Money received by a business or an individual from outside sources |
| Income statement | A financial summary that shows how much money the business that has made or has lost; also called the profit-and-loss statement |
| Investors | Those who invest their funds in a business; may be owners or stockholders |
| Journal | A special book or computer program in which a businesses 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 are business owes |
| Managerial accounting | A type of accounting that involves preparing and reporting financial data to internal users usually managers who need financial information to control day-to-day operations |
| 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 |
| Transaction | A business activity such as a sale a purchase or a return |
| Trial balance | The listing of a businesses |
Created by:
tareekalatrice
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