Card Set Information
Principles of business administration unit of fiancial management
All income that a business recieves over a period of time.
The costs of operating a business.
Provides detailed plans for the financial needs of individuals, families, and businesses.
Plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable.
Describes the financial plan for ongoing operations of the business for a specific period.
An estimate of the actual money received and paid out for a specific period.
Used to record and analyze the financial performance of a business.
The assets, liabilities, and owner's equity for a specific date are listed here.
What a company owns.
What a company owes.
The value of the owner's investment in the business.
To report the revenue, expenses, and net income or loss from operations for a specific period, a business prepares one of these.
The financial record of employee compensation, deductions, and net pay.
the documentation used to process earnings payments and record each employee's pay history.
Transfers net pay electronically into the employee's bank account.
FINANCIAL PERFORMANCE RATIOS
Comparisons of a company's financial elements that indicate how well the business is performing.